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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

Comment by Tadon Jun 10, 2020 10:05am
249 Views
Post# 31132840

RE:Up up we go!

RE:Up up we go!
Great news today! with phased restart of operations.  Full ops within 4 to 6 weeks.  Blue sky ahead.  I like to compare cxb with tgz and I can foresee 3 to 4 bucks before year end.
GLTA
Rob


Rob0012,

Yup, good news with the phased in re-start of operations !!

https://www.calibremining.com/news/calibre-commences-phased-restart-of-operations-1342/


We should get new guidance by the end of this month as well.  WIll see alot of news for the remainder of the year as assay results from the remainder of the 60,000 meters of exploration drilling starts to come back. 



I would also compare Calibre in a similar situation as K92 Mining was a couple years ago, as in the company purchased their assets from a larger enity, in the case of KNT buying Barrick Gold's assets in PNG, and advancing the resources with major exploration drilling while planning ramp-up of production. 

Let's see what the drill bit turns up over the course of the year for Calibre, and see how well mining operations restart, CXB more or less lost 1 quarter of production and exploration, will be quite happy to see PI Financial and Raymond James $2.25 target price for CXB shares hit by year end, even better Canaccord's $2.50 target price. 

In case you missed it, here's a link to an interview from May 7, 2020 with Ryan King, VP of Corporate Development for Calibre MIning .... some good information was presented in it. 

https://cruxinvestor.com/opinions/calibre-mining-tsx-cxb-i-got-big-money-callin-im-just-tryna-play-it-smart-transcript/



GLTA !
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