Mining Review 21st April 2024
Gold Road Resources made the major news this week when they confirmed media speculation that they are negotiating to buy a stake in a Canadian gold mine, and also conformed the resumption of mining at their Gruyere Mine.
Calibre Mining, and West Red Lake Gold reported high-grade gold intercepts. Continue reading
Calibre Mining (TSX: CXB)
Announced drill results from its 2023 resource conversion and expansion program within its 176 km2Eastern Borosi Mine Complex located in northeastern Nicaragua, adjacent to a larger, 100%-owned, prolific 7,281 km2Atlantic Mineral Concession package. Continue reading
Calibre Mining (TSX: CXB)
Announced the operating results for the three months ended March 31, 2024.
Since 2019 Calibre has delivered annual production growth of 28% year on year, with a track record of meeting or beating expectations. Continue reading
Calibre Mining (TSX: CXB)
Announced the 2024 exploration program and review of the exploration potential at the Valentine Gold Mine, located in Newfoundland.
One highlight was 46 gpt gold over 5.3m. Continue reading
Mining Review 24th March 2024
Not much to cheer from our watchlist companies this eek, with Calibre Mining announcing a C$100 million discounted placing, Calibre Resources announcing the same as part of a financial restructure, and Gold Road issuing a disappointing production update from Gruyere. Continue reading
Calibre Mining (TSX: CXB)
Announced that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 59,600,000 common shares of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million. Continue reading
Calibre Mining (TSX: CXB)
Announced the results of the Company’s updated Mineral Resources and Mineral Reserves for its Nicaragua and Nevada properties as of December 31, 2023.
Reserves have grown in both jurisdictions net of depletion since acquisition of each asset. Continue reading
Mining Update 25th February 2024
Calibre Mining achieves the high-end of production guidance in 2023.
Cabral Gold, Karora resources, and Orla Mining all reported excellent drill results. Continue reading
Calibre Mining (TSX: CXB)
Announced financial and operating results forQ4 2023 and year ended December 31, 2023.
Record production of 283,494 ounces, 2023 represented the fourth consecutive year exceeding guidance. Continue reading
Mining Review 18th February 2024
Calibre Mining announced intersecting high-grade gold near the Valentine Mine in Newfoundland.
Nevada King announced a spinout of their non-Atlanta assets into a spinco. Continue reading
Calibre Mining (TSX: CXB)
Announced ore control RC drill results from its Leprechaun open pit (2022 Mineral Reserves of 15.1Mt grading 1.73 g/t gold containing 0.84 Moz), one of the three open pits in the Valentine Gold Mine in Newfoundland and Labrador, Canada. Continue reading
Calibre Mining (TSX: CXB)
Provided assay results from the recent drill program at the Frank Zone, a high priority gold target one kilometre southwest of reported Mineral Resources on the Valentine Gold Mine property, located in central Newfoundland & Labrador, Canada. Continue reading
Calibre Mining (TSX: CXB)
Announced additional exciting results from its 2023 exploration and delineation drilling program at the Panteon VTEM Gold Corridor at the Limon Mine Complex.
Previous results led to the discovery of the Panteon North deposit which yielded over 240,000 ounces of Proven and Probable Mineral Reserves. Continue reading
Mining Review 21st January 2024
A solid set of news releases from our watchlist in what was a busy week for news. Maybe the forthcoming conferences in Vancouver next week caused the rush of exploration results?
Calibre Mining confirmed the acquisition of Marathon Gold, establishing a potential mid-tier mining company producing 250,000 ounces of gold within a year and a half or so. Continue reading
Calibre Mining (TSX: CXB)
Announced that at a special meeting of shareholders held earlier today, Calibre shareholders voted overwhelmingly in favour of the resolution approving the issuance of up to 315,664,294 common shares of Calibre in connection with the proposed acquisition of Marathon Gold Corporation. Continue reading
Mining Review 14th January 2024
Calibre Mining reported record gold production of 283,494 ounces, from their operating mines in Nicarague and Nevada. This year will see the finish of the construction of the new Valentine mine, and $25,000,000 spent on additional exploration across their projects.
Calidus, Lefroy Exploration, and Ascot Resources all reported high-grade drill interecepts. Continue reading
Calibre Mining Corp. (TSX: CXB)
Announced operating results for the three months and year ended December 31, 2023, and 2024 production, sales, and cost guidance.
Calibre Delivered a record gold production of 283,494 Ounces in 2023. Continue reading
Mining Review 8th January 2024
We revamped our watchlists into four definable tiers, ranging from producing miners to early stage exploration companies.
We added Calibre Mining and Capricorn Metals to our tier 1 producers, and moved a couple of disappointers down to tier 2 until they start delivering on their stated objectives. Continue reading
Market Review December 2023
City Investors Circle have published their Market Review for December 2023.
This includes a rebalancing of the four watchlist tiers to better reflect the current stage and performance of the companies held within them. Continue reading
City Investors Circle
As we approach the end of the year it is a good time to reassess our watchlist tiers, by moving achievers up, and non-achievers down into the tiers appropriate for their stage of production or development.
Coming into the top tier 1 include Galiano Gold (restored after overcoming problems at their Asanko Mine), Calibre Mining, and ASX listed Capricorn Metals. Continue reading
