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Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.


TSX:CXB - Post by User

Comment by edxon Nov 20, 2022 4:54am
126 Views
Post# 35113478

RE:RE:RE:RE:RE:Seeking Alpha Article

RE:RE:RE:RE:RE:Seeking Alpha Article
Atima wrote: That is exactly the objective- make Nicaraguan gold radioactive to the international investment community in order to nudge government away from repressive practices that lead to unrest, mass emigration and conflict.


No it's not.. if it was the US would have banned import of all gold from the country, not just DGM. They even explicitly made a point to say in the sanction piece the goal was not to harm the Nicaraguan economy or the people. Calibre employs over 10k locals in relatively high paid jobs. Most of the workers at Libertad and Limon are unionized. Calibre has contributed hundreds of millions USD in economic activity to the country and was 2% of total GDP in 2021. So no, that's exactly the opposite of what the US both said was it's intent and what it demonstrated in it's actual sanctions package.
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