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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.


TSX:CXB - Post by User

Calibre Mining Corp > Technicals
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Comment by Benedictuson Feb 13, 2024 11:34pm
86 Views
Post# 35879032

RE:Technicals

RE:Technicals
geezer21 wrote:
Since October the price of gold has been having higher highs and higher lows.

Today's closing low of 2007 is at a support.  Since this low was a jerk knee over reaction to today CPI print I expect the price of gold to bounce off of this support level.

https://stockcharts.com/h-sc/ui

Yes, this level is good lateral support for gold. Reverse H&S break out on USD suggests a measured move up toward 107-108, which could lead to further shakeout in gold prices but let's see how it develops.  Either way, it's just an opportunity to get Calibre shares a little cheaper closer to supports. I also think the market wants a comforting and "everything is on time" fullsome report on VL. 
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