Bullboard - Stock Discussion Forum 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... see more

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Calibre Mining Corp > country risk

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Post by stockpunter2 on Mar 13, 2024 7:19pm

country risk

of course there is a "country risk" associated with every gold mine. However, one wouldn't wiisely pick a country to go for a holiday without looking at travel risk recommendations; nor should anyone shut down or try to trivialize a discussion of "country risk" when considering the wisdom of investing in CXB. What stands out about Nicaragua is that it is run by authoritatrian leftists that clearly get a lot of their funding from gold miners. If the government decides to transfer the assets to China, what are you going to do? If the USA ousts Ortega, why would a new government honour CXB's arrangements. I don't think the risks are anything like the possiblity that Green Peace, for example, will manage to get ORLA's Goldstrike area in the Carlin Trend declared an eco preserve. It is a question of relative risks. Use your brain.

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