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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

Post by stockpunter2on Mar 13, 2024 7:19pm
117 Views
Post# 35931620

country risk

country riskof course there is a "country risk" associated with every gold mine.  However, one wouldn't wiisely pick a country to go for a holiday without looking at travel risk recommendations; nor should anyone shut down or try to trivialize a discussion of "country risk" when considering the wisdom of investing in CXB.  What stands out about Nicaragua is that it is run by authoritatrian leftists that clearly get a lot of their funding from gold miners.  If the government decides to transfer the assets to China, what are you going to do?  If the USA ousts Ortega, why would a new government honour CXB's arrangements.  I don't think the risks are anything like the possiblity that Green Peace, for example, will manage to get ORLA's Goldstrike area in the Carlin Trend declared an eco preserve.  It is a question of relative risks.  Use your brain.  
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