Calibre Mining – Comprehensive Operations, Exploration, And Acquisition Update
Ryan King, VP of Corporate Development and IR at Calibre Mining (TSX:CXB – OTCQX:CXBMF), joins us for a comprehensive overview of the Q3 operations, the massive ongoing exploration program with 13 drill rigs still turning, and where the resource growth and production growth will come from moving forward. We discuss the Company’s hub-and-spoke strategy where 3 deposits are currently feeding into the Libertad Mill, and with a 4th spoke being developed at Eastern Borosi for production in 2023.
Next we get an in-depth review of all the exploration focus across Nicaragua at Pavon Central, Pavon Norte, Limon, Eastern Borosi, and around the Libertad Mill at the Volcan, Tranca, and Rosario targets. Ryan also outlines how quick the timeline has been to explore, develop, permit, and then move the prior satellite deposits into production thus far, and what that may mean for all these new zones the company has drilled in 2021, and plans to drill next year.
We wrap up with a review of the assets and growth slated for the next year in Nevada with regards to the ongoing acquisition of Fiore Gold (TSX.V:F – OTC:FIOGF), at the operating Pan Gold Mine, advanced-stage Gold Rock Project, and the past producing Illipah Gold Project. This acquisition will bring Calibre’s estimated production up to 245,000oz gold per year, with a AISC of $1020 and expands the company’s operations and overall gold reserves to over 7 million ounces.
Please email us with any follow up questions for Ryan. Our email addresses are Fleck@kereport.com and Shad@kereport.com.