Calibre Mining Corp CXBMF

Primary Symbol: T.CXB

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.

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Calibre Mining Corp > Yesterday's drop

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Post by kareadon Oct 19, 2024 7:50am

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Post# 36272866

Yesterday's drop

Although yesterday's 4% share price drop on the bad news didn't seem too bad, it actually cost us more than 14%.

Over the past five days, the vast majority of the gold stocks on my watch list are up between 8% to 16%, while CXB is down 6%. Had the quarter been "as expected", CXB would also be up between 8% to 16% which would have put the share price at between $3.05 and $3.30.

Instead, we sit at $2.68.

I'm guessing it's going to take a couple of months to put this behind us. Hopefully there will be some good drill results to provide more impetus to get us back to where we would have been.

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