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.

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Calibre Mining Corp > Nicaragua, CXB

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Post by stockpunter2on Dec 31, 2024 4:38pm

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Post# 36382871

Nicaragua, CXB

CXB holds tenure in Nicaragua at the whim of a criminal. Sorry, but it is not going to end well for CXB shareholders.
https://buenosairesherald.com/human-rights/argentine-court-issues-arrest-warrant-against-nicaraguas-daniel-ortega

Scenario #1. Sanctions by USA on mining sector result in CXB operation interuptions (Jan 21st).
Scenario #2. Ortega hands over assets to Chinese interests to pay debt and get a better deal.
Scenario #3. Oretga (79!) gets overthrown in coup; New government disavowes asset ownership by enablers.
or combination of above.
Probably best to find PM companies with lower risk. Happy New Year!

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