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Bullboard - Stock Discussion Forum 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... see more

TSX:CXB - Post Discussion

Calibre Mining Corp > Can someone clarify this for me?
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Post by stockmyster on Jan 31, 2022 7:52pm

Can someone clarify this for me?

Gold Rock presents an exceptional near-term opportunity to grow production in #Nevada, leveraging off management and infrastructure at our Pan mine located approximately 20 kilometres northwest of Gold Rock.

So are they planning to haul the rock to the pan mill for processing or are they just talking about synergies. I was under the impression that a stand alone mill would have to be build at gold rock. Does anyone know for certain?
Comment by cranao44 on Jan 31, 2022 8:56pm
This post has been removed in accordance with Community Policy
Comment by checkmate28 on Feb 01, 2022 1:53pm
Stockmyster As a former Fiore shareholder I can help  you with that.  Pan and Gold Rock are connected at the SW corner of the Pan Mine by a road that is about 1 KM.  GR will have its own processing pit, tailing ect.  Being so close, they can share many other infrastructure synergys, equipments, mgt, etc that can cart back and forth.      Both propertys have ...more  
Comment by stockmyster on Feb 01, 2022 5:24pm
Do they have to build a new stand alone mill at gold rock or can they truck all the rock to pan?
Comment by demaule on Feb 01, 2022 8:50pm
https://minedocs.com/20/Gold-Rock-PEA-04-30-2020.pdf See page 186 - It appears they envision crushing at the Gold Rock site. My impression is that at Pan they operated profitably before getting the crushing circuit built, using free cash flow to fund the construction. Perhaps they could do something similar at GR.
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