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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 Bentouttashapeon Mar 19, 2024 11:08pm
210 Views
Post# 35942123

No Sense.

No Sense. This bought deal offering makes no sense to me. Why would cxb need to raise a 100 mil, when they are already likely sitting on over 100 mil in cash after this quarter. All this does is likely lower the stock price for a while and screws existing and long time shareholders. Is it possible that building the new mine in Newfoundland is costing a lot more than anticipated. Just some unanticipated occurrences in the past week. All the share volume last Friday and this a couple days later.Offering a couple days later. Just seems like something else afoot.
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