Calibre Mining – A Review Of 2022 Operations, 2023 Production Guidance, 2 Development Projects, And The Exploration Strategy In Nicaragua And Nevada

Ryan King, Senior VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us to recap the full year 2022 operations, production guidance for 2023, and the overall organically-funded exploration strategy, continuing grade-driven growth of the resources in both Nicaragua And Nevada.  


Calibre Mining now has the largest Nicaraguan Mineral Reserve estimate, at a record grade of 5.37 g/t gold, which is a 16% increase, over the 2021 average grade of 4.62 g/t gold.  There has also been a 278% increase in the Nicaraguan Mineral Reserves to approximately 1,082,000 ounces gold, net of depletion since acquisition in 2019.  We discussed the 2 key areas of development and near-term production will be coming from Eastern Borosi and Pavon Central, both continuing to add higher grade throughput through the Libertad Mill. There is also aggressive ongoing exploration focused on prior high-grade drill results from Panteon North, new zones around the Libertad Mill, Veta Azul, Volcan, and also new targets at Buena Vista and La Fortuna.


Next we transition over to the Nevada assets, and all the ongoing exploration work the company has underway around both the Pan Mine area and at the development-stage Gold Rock Project.  The exploration team is encouraged by recent drill results stepping out from the known mineralization and finding higher grade gold intercepts at the Coyote target, as well as stepping out from the Pan Mine area.  There are also some targets on drilling some deeper ‘Carlin Style’, sulfide mineralization at Gold Rock Deep.  We wrap up by reviewing some of the recent high-grade gold intercepts that were released from the Golden Eagle Project in Washington state, the 2 million ounces of gold in the ground there, and some of the larger majors projects in the area that represents future optionality for this project.


If you have any follow up questions for Ryan on Calibre Mining, then please email us at or


  • In full disclosure, Shad is a shareholder of Calibre Mining.



    Mar 10, 2023 10:29 PM

    Credit Contagion Risk And Disinflation Trend Brings Sweet Spot For Gold Closer

    @Goldfinger on 10 Mar 2023

    “However, the best data that we get every single weekday are market prices, and those prices saw some big movements yesterday. The financial sector as represented by the XLF got hit to the tune of more than 4% (regional bank index -6.5%), and individual stocks like SIVB saw a complete implosion in share price (-80%). There are growing signs of a solvency crisis at certain banks with VC/crypto/tech exposure. California and more specifically Silicon Valley is ground zero for these sectors, thus it’s not a big surprise that both Silvergate Capital (NYSE:SI) and Silicon Valley Bank (Nasdaq:SIVB) are the ones getting taken to the woodshed in recent weeks.”

    “The combination of a nascent credit crisis stemming from Silicon Valley and continued signs of rapidly slowing inflation across the economy gives the Fed cover to continue with another 25bps rate hike on March 22nd. There will then be a six week break before the next FOMC meeting in May, this will give the Fed plenty of data to chew on in the form of a slowing economy and a steadily rebalancing labor force.”

    “We could be in the first inning of the sweet spot to own gold as banking solvency and the strengthening disinflationary trend bring the Fed closer to a pause. Gold traders will want to focus intently on signs of divergence between equities, gold, and treasury yields (like we witnessed yesterday).”

      Mar 10, 2023 10:32 PM

      SVB Meltdown Triggers Gyrations In Global Bank Shares

      Reuters – Mar 10, 2023

      “California banking regulators on Friday closed SVB Financial Group, putting the tech-heavy lender into receivership and will dispose of its assets to protect depositors as a crisis rippled through global markets and hit banking stocks.”

      “The regulator appointed the Federal Deposit Insurance Corporation (FDIC)as receiver, according to a statement.The failure of troubled tech-lender SVB Financial Group’s efforts to raise capital through a stock sale rippled through global markets on Friday and sent shares of many banks tumbling although some larger U.S. banks recovered in morning trade.”

    Mar 10, 2023 10:51 PM

    Silver About To Radically Outperform Gold, Plus The Bear Market Is Over? Not Likely

    March 06, 2023 – KWN

    > Graddhy out of Sweden: “Very big picture there is an absolutely huge divergence between Gold and Silver. Something’s got to give. Last time the two had a larger divergence like this, silver played catch-up big time. As we know, silver outperforms gold both to the downside and the upside.”

    Mar 10, 2023 10:35 PM

    I have been saying for a very long time here that we will see a “Deflationary Depression”. You can’t let people pay off their debts with hyperinflated money. There is no way out of this disaster except through a Deflationary Bust. DT

      Mar 13, 2023 13:00 PM

      Are you saying it is the people’s fault their money is inflated? If there is inflation, the only money earned by the people either through their labor or investment or even inheritance or bank robbery is inflated dollars. I know that is not what you meant, but the conundrum we are in is that criminals destroy fiat currencies and the people are bag holders. Why does this scenario have to repeat when the outcome is known in advance. The problem is we give free rides to the “criminals” because we make them politicians and regulators. The Law is there to stop the criminal so the”people” don’t pay their debt. Acceptance of the repetitive scenario has to stop.