Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

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.

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Calibre Mining Corp > Russian Sberbank Issues Gold Backed Token

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Post by geezer21on Jan 13, 2023 9:01am

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Post# 35220644

Russian Sberbank Issues Gold Backed Token

Andrew Mcguire has just revealed on "Live From the Vault" about an hour ago that Russia’s bank Sber issued its first gold-based blockchain asset on Tuesday in a game-changing manoeuvre that might instigate further dedollarisation of commodity trading.

For the last 50 years since Nixon took the USD off of a gold standard in 1971 fiat currencies free to print at will became unstable and unreliable. There was nothing to redeem them for should you lose faith in them - no collateral.

A gold backed Russian token represents a means to hold a tradable asset with huge advantages over unteathered USD. Here is a discription:

https://cointelegraph.com/news/what-is-a-gold-backed-token-and-how-does-it-work

Maguire explains its potential impact on the imbalance between physical gold and leveraged paper trading. Macquire says phsyical gold pricing is going to emerge. Mcguire technical talk is difficult to listen to.

https://www.youtube.com/watch?v=ZpbsgKLZN2A

Here are a few articles explaining:

https://cointelegraph.com/news/russia-s-largest-bank-issued-gold-backed-digital-financial-assets

https://www.ledgerinsights.com/sberbank-tokenizes-gold-digital-asset-blockchain/

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