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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 geezer21on Oct 19, 2023 10:37pm
64 Views
Post# 35692300

RE:RE:WTF?

RE:RE:WTF?
Calibre share price reacted to the Isreal/Hamas war.  The price has climbed from a low of about $1.22 over the last 10 trading sessions to $1.47 currently.

In the very short term on Wednesday when there was rise in the gold price there was a pull back on low volume. Maybe someone was taking advantage of a strong market into which to dump shares without depressing the share price to much.

When compared to the gold chart and macro events it looks like Calibre's share price volitility is a mix of micro and marco conditions.  But which has been the biggest influence.

https://stockcharts.com/h-sc/ui?s=CXB.TO

Since a low of $0.52 last November the share price has followed the gold price up.  It has an increased 183% while gold has increased 21.8 % from a low of $1624 to $1978 now.

So Calibre is outperforming gold by a good percentage indicating that Calibre's performance is the biggest influence on its share price appreciation.

https://stockcharts.com/freecharts/gallery.html?CXB.TO
https://tradingeconomics.com/commodity/gold

The charts confirm Calibre's is firing on all cylinders and corporate guidance indicates that will continue making Calibre a buy.








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