Calibre Mining – Comprehensive Operations, Exploration, And Acquisition Update

Shad Marquitz
December 13, 2021

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 and

1 Comment
    Dec 13, 2021 13:03 AM

    (CXB) (CXBMF) Calibre Mining Mails and Files Special Meeting Materials In Connection with The Proposed Transaction With (F) (FIOGF) Fiore Gold
    8 Dec 2021
    “The Arrangement will create a diversified, Americas-focused, growing mid-tier gold producer with targeted annual gold production of approximately 245,000 ozs. The combined company will have comprehensive technical capabilities to exploit a pipeline of development and exploration opportunities across a broader portfolio. This growth strategy will be supported by a strong balance sheet with a combined cash balance of $96 million and no bank debt (as at September 30, 2021).”

    “Calibre will be acquiring a 100% interest in Fiore’s operating Pan Gold Mine, the adjacent advanced-stage Gold Rock Project, and the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project in Washington State.