Calibre Mining Corp – Q1 Financial Results, Resource Expansion, Growth In The Hub And Spoke Mining Strategy, And Aggressive Exploration With 15 Drill Rigs plus a Rio Tinto JV
Ryan King, VP of Corporate Development for Calibre Mining Corp (TSX:CXB – OTC:CXBMF) joins me to recap their Q1 Financial Results, a 200% expansion of resources over 2019, growth with their hub and spoke mining strategy, and aggressive exploration plans at multiple targets.
We start off with a review of the growth in net income, working capital, cash generated, and cash on hand. Next we shift over to new spokes Panteon & Pavon Norte, delivering ore to their Libertad Mill hub, and plans for throughput expansion. There is a lot of drilling planned for this year with 15 drill rigs turning funded from cash-flowing production. Ryan also touches on the work being done on their Borosi Copper project by their JV partner Rio Tinto.
Please email me with any follow up questions for Ryan regarding any aspect of Calibre Mining. My email address is Fleck@kereport.com.