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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 stockpunteron Jan 19, 2024 12:19pm
121 Views
Post# 35836086

RE:RE:RE:Pro forma consolidated financial CXB circular

RE:RE:RE:Pro forma consolidated financial CXB circularP/E is not the best way to compare two mid-level mining companies.  It does not take into account mine life-spans, for one thing.  Or debt.  Mining companies are good at reducing taxable earnings, by various accounting tricks, so they can use a larger fraction of their cash for growing and developing their properties.
Reserves, FCF, production growth and AISC are all better metrics. 
Also, relative GEOPOLICICAL RISK needs to be factored in.

I once bought a mine with a great P/E only to discover that it had shut down its mine!  Of course, the earnings were the trailing earnings while the price was the current one ( the mine eventually reopened but it was a long wait).
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