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 > Why is Condor selling?

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Post by kcac1on Mar 17, 2023 4:56pm

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Post# 35346050

Why is Condor selling?

When you read this rosey presentation (see link), they already have the new mill with just $300k remaining to be paid on it. Why would they sell at this late date with this positive study? Any ideas? Any chance they would get a large premium over current market cap of $78mmC?

Condor World Gold Forum Americas - Sept 22.pdf (condorgold.com)

"On Nov. 22, 2022, following a robust and economically attractive bankable feasibility study, also known as a feasibility study, on the La India open pit, Condor Gold PLC appointed H&P Advisory Ltd. (Hannam and Partners) to seek a buyer for the assets of the company. The feasibility study technical report was filed on SEDAR, titled "Condor Gold Technical Report on the La India Gold Project, Nicaragua, 2022," dated Oct. 25, 2022, on Oct. 26, 2022, and it is also available on the company's website. The sales process is now entering the end of its first phase with various parties having conducted site visits and others continuing. Three formal expressions of interest, including two non-binding offers (subject to further due diligence), have been received by the company and further offers are expected as nine companies are under a non-disclosure agreement (NDA

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