The Massive New Discovery That Wall Street Missed

Editorial Feature | Nov 6, 2023

  • The producer generated ounces of gold in 2022 and has already produced another 208k ounces year to date.
  • Boasts a total reserve value of 1.3M ounces across projects in the United States and Nicaragua…
  • Has $100 million in cash on hand, is profitable, with positive EPS…
  • And has just announced a new discovery of high-grade gold.

There is an extraordinary opportunity in the precious metals market with a company that mines and produces gold: Calibre Mining (TSX:CXB, OTC:CXBMF).

In fact, the company has met or beat operation and financial expectations amongst analysts for 16 straight quarters.

The reason for such optimism is based on many more compelling facts than just its share price, which hovers around $1.

Because in 2022, they produced nearly 6 metric tons of gold.

That translated into $403 million in revenues, about $80 million in operating profit, and $43.3 million in net income.

This year, between its Nevada gold mine, and Nicaraguan gold mines, the company expects to blow past 2022’s record-setting revenue benchmark.

That projection seems reasonable, considering in 2023, Calibre has claimed to have produced 208k ounces of gold so far.

That’s equivalent to about 4 million metric tons in just the first half of the year.

And that’s not even considering a recently announced catalyst, that has the potential to multiply production.

The Most Overlooked Gold News Of The Year

That Calibre Mining (TSX:CXB, OTC:CXBMF) has been overlooked, even in light of substantial news, is a surprise.

The likely explanation is that the gold market, in general, is being underreported on right now.

  • The current state of the world…
  • The instability of global markets…
  • And investing trends such AI, EVs, and lithium are making the headlines.

As a result, they’ve buried the gold sector’s next big story…

Calibre Mining (TSX:CXB, OTC:CXBMF) has increased its Nicaraguan gold reserve by 278%.

That’s more than one million ounces – 1,082,000 oz. net of depletion to be exact.

It equates to about $2.1 billion in raw revenue if we go by the current (mid-October) price of gold.3

Plus, Calibre Mining’s latest exploration has discovered gold at very high grades… above 31 grams of gold per ton.

Those are bonanza grade numbers – the markers for a significant discovery.

And the timing couldn’t be better as a series of economic factors come together to push gold past $2,000.

At $1,980 An Ounce, Gold Is Flirting With Its Record High

Now, the frustrating aspect of covering a rare junior gold producer such as Calibre Mining (TSX:CXB, OTC:CXBMF) is that so much of the story is not about the company.

It’s not about the $30 million in new exploration Calibre Mining has accomplished in 2023…

Or the expansion of its Nevada mine…

Or its processing plants that have an installed milled capacity to handle nearly 3 million metric tons a year.

Gold’s story is always about price and the factors that influence its price.

The domestic factors keeping gold off the front burner always reverse, and central banks across the globe will likely keep pouring into it, too.

So, that means while gold may be near record highs today, the traditional reasons for driving price higher and higher are not in play yet.

Consider that, when the U.S. Federal Reserve spikes its interest rates, big money typically flows away And yet gold has held its price, and in certain times even increased.

That’s because Treasury Bond rates move somewhat in tandem with the Fed’s rates.

Today, there are but two bonds paying below five percent… the 5 year is at 4.954%, the 10 years is at 4.99%.

No matter what the news tells you, full faith in U.S. Treasuries is rock solid.

That means that when rates are high money flows to the safety of treasuries. But, sooner or later, the Fed will begin to lower rates.

When that happens, treasuries are still safe, but yield less – meaning money flows to gold.

So, the big question is this:

What factors have gold near record highs today, even while treasuries are soaring?

The likely answer is that demand is being driven by the world’s central banks.

In fact, last year central banks snapped up gold at the fastest pace since 1967.4

Russia and China were the largest gold buyers over the last two decades. Russia, in particular, accelerated its gold purchases after being hit by Western sanctions following its annexation of Crimea in 2014 and the conflict with Ukraine.5

Countries such as Turkey, India, Kazakhstan, Uzbekistan, Saudi Arabia, and Thailand have also been stockpiling gold, in an effort to hedge against financial and geopolitical risks affecting currencies, primarily the U.S. dollar.6

Investors can thank sellers such as Switzerland, France, Netherlands, and the United Kingdom for seizing the opportunity to maximize profits with stiff prices.7

The Price Keeps Rising, That’s Good For Calibre Mining

Calibre Mining’s gold processing plant could refine nearly $300 million of gold a year at today’s price.

Gold is near $2,000.

When it crosses the $2,000 threshold, gold will become an investment event…

Not just a gold bug story… 

But news that finally forces investors to take serious notice of the precious metal.

Investors buy gold companies for the same reason they buy Nvidia, Tesla, and Pfizer… trend-riding profits.

And it could be hard to find a better gold producer on the market, when the trend hot, than heavily undervalued Calibre Mining (TSX:CXB, OTC:CXBMF).

Multiple Operating Mines And Two Gold Processing Plants In Nicaragua

Among its winning attributes, Calibre Mining’s Nicaraguan operations include full ownership of four gold projects:  Three of which are working mines, and two of which are gold processing plants.

And, while its Limón mine is flush with 657k oz. of reserves, nearly 1.8 million ounces of indicated resources, and 2.5 million ounces of inferred resources Calibre’s crown jewel is its La Libertad gold mine complex.

La Libertad currently has noted 426,000 oz. in probable reserves, but a recent series of drill results could offer opportunity for an expansion of existing targets. Just 100 meters below the main Jabali resource, the company has discovered a substantial mineralized zone.

Highlights at the Jabali Underground Mine include: 

  • 10.80 g/t Au over 14.3 meters, including 26.72 g/t Au over 4.5 meters
  • 18.84 g/t Au over 3.1 meters, including 31.30 g/t Au over 1.8 meters
  • 4.51 g/t Au over 3.1 meters, including 9.04 g/t Au over 1.5 meters
  • 8.44 g/t Au over 8.9 meters, including 22.08 g/t Au over 3.0 meters

As a reminder, a resource is more of an educated guess about what’s in the ground.

While reserves are lower risk for investors because there is a high degree of geological confidence and consideration of economics.8

So, while La Libertad’s reserves are not the largest of Calibre’s assets, its processing plant is key to the company’s Nicaraguan strategy, as it has the capacity to handle the output from all three working Nicaraguan mines. 

It’s what sets Calibre Mining (TSX:CXB, OTC:CXBMF) apart from other junior miners.

You see, Calibre Mining’s gold processing plant can handle about 2.25 million metric tons of raw material a year.

And it can recover 94% to 95% of the gold hidden in that ore.

Assuming a conservative 2 g/t, the La Libertad plant could process just a hint under $300 million worth of gold a year – at today’s price.

That’s a huge bonus. Building a processing plant from scratch could cost $300 million or more.

The Limon Mine

Calibre Mining’s fast expanding El Limón gold mine and gold processing plant. It’s one of four mines and two processing plants Calibre owns there.

The largest of these projects is Calibre’s El Limón Mine.

Limón is a conventional open pit mine with 675,000 oz. of probable reserves. 1.270 million oz. of indicated reserves, and 218,000 oz. of inferred resources. But there are signs of even greater potential.

Just look at these grades from new exploration on the Panteon Project at Limon. They include:

Superior drill intercepts…

  • 17.45 grams per metric ton over 4.1 meters Estimated True Width (ETW), including 38.45 g/t Au over 1.8 meters ETW.9

Just to add an editorial comment here: 38.45 grams per ton is a significant find.

High grade drill results dating to the end of last year…

  • 11.61 g/t Au over 9.3 meters ETW, including 23.93 g/t Au over 1.7 meters ETW
  • 15.34 g/t Au over 3.9 meters ETW.
  • 6.73 g/t Au over 2.1 meters ETW
  • 3.67 g/t Au over 2.6 meters ETW, including 11.10 g/t Au over 0.7 meters ETW.1

And even better results from early this year…

  • 29.68 g/t Au over 4.3 meters,
  • 24.03 g/t Au over 2.0 meters;
  • 12.97 g/t Au over 1.1 meters;
  • 12.18 g/t Au over 3.7 meters;
  • 11.57 g/t Au over 2.4 meters;
  • 6.14 g/t Au over 4.9 meters,
  • 14.47 g/t Au over 1.8 meters;
  • 9.17 g/t Au over 1.1 meters;
  • 5.75 g/t Au over 1.5 meters.11

It also has a small processing plant – 500,000 tons a year – that could handle any excess that might stress La Libertad’s plant.

The Pavon Mine

After acquiring the property in 2019, Calibre Mining (TSX:CXB, OTC:CXBMF) quickly designed, built, and opened its Pavon Mine.

Pavon has a probable reserve of 120,000 oz. found at about 6.5 g/t Au, along with an indicated resource of 131,000 oz. at 5.8 g/t Au and an inferred resource of 96,000 oz. at 4 g/t Au.

The Eastern Borosi Gold-Silver Property

With it’s newly operating open pit mine and significant land package, the exploration potential could result in substantial discoveries in northeastern Nicaragua

There, the “Mining Triangle” has produced in excess of 8 million oz. of gold but remains significantly under explored.

For $1 million cash, $3 million in shares, and a 2% net smelter royalty on any future production, Calibre Mining acquired a 70% interest in what’s known as its Eastern Borosi Gold-Silver Property.

Former owners spent more than $10 million on exploration, including the filing of an NI 43-101 Technical Report.

The company has since reported probable reserves of 118k oz. of gold and 1.76 million oz. of silver – among six epithermal vein style deposits –averaging 5.18 g/t Au and 77 g/t Ag.

Commitment To The Nicaraguan Community

For many years now, concerns have been raised about mining condition across the globe.

With Calibre Mining, investors are part of a company that realizes the value of its human capital.

Calibre currently generates more than 3,500 safe, stable, good-paying direct and contractor jobs in Nicaragua.

At La Libertad and El Limon, 98% of Calibre’s direct employees are Nicaraguan nationals, and over 75% are from communities located immediately around the mines.

It’s sites also uphold the right of freedom of association. At present, there are three labor organizations at El Limon Mine and one at La Libertad Mine, where 87% and 90% of the employees, respectively, are union members.

And both sites have active collective agreements, negotiated every two years.

Battle Mountain Trend Positions Nevada Amongst The World’s Top Four Gold Producers

With reserves totally 264,000 ounces, Calibre Mining’s gold mine in Nevada’s Battle Mountain – Eureka gold trend is the smallest of it four working gold mines.

On top of its expansive Nicaraguan holdings, Calibre Mining (TSX:CXB, OTC:CXBMF) has three U.S. properties.

Two of these are at exploration stage in Nevada and Washington state.

Located in the prolific Battle Mountain-Eureka trend, the Pan Mine is listed in Nevada Bureau of Mines and Geology’s publication, under the section titled “Major Mines of Nevada.”

This resource rich trend, when combined with the Cortez trend, have pushed Nevada into the ranks of the world’s top four gold producers.

That’s alongside China, Australia, and Canada.12

The Bureau of Mines reports that Pan’s 2021 output was more than 46,000 ounces, and that the mine employs more than 200 people.

Though on the small side, the Pan mine is impressive because it is pretty much all upside for Calibre.

Though lightly explored, the mine holds 264,000 oz. of proven and probable gold and 359,000 oz. of measured and indicated resources, along with a 42,000 oz. inferred resource.

That proven/probable reserve is worth $527 million – at today’s price.

But the company has bigger plans in mind…

Since it started operating the mine in 2017, Calibre Mining has developed a plan for a new regional exploration program beyond Pan’s two open pit mines.

In other words, Calibre Mining (TSX:CXB, OTC:CXBMF) looks set to join the big leagues.

The Stellar Minds Behind Calibre Mining

Blayne Johnson, Chairman of the Board

There are a handful of people in mining and exploration that investors should never lose sight of. Blayne Johnson is one of these. His private investment company’s founders, and close network have created over $5 billion in value for shareholders in the natural resources sector. He was a Founder and Director of Newmarket Gold that was acquired by Kirkland Lake Gold for $1 billion in November 2016, as well as a founder of Terrane Metals that was acquired by Thompson Creek in 2010 for $750 million.

Darren Hall, President, CEO, Director

Mr. Hall has more than 35 years of mining-industry experience, with a track record of increasing production, reducing costs, improving capital effectiveness. He was Chief Operating Officer of Kirkland Lake Gold, which acquired Newmarket Gold, where he also served as the Chief Operating Officer. Prior to Newmarket Gold, Mr. Hall was an executive with Newmont Mining Corp.

Douglas Forster, Lead Director

During his 35 years in the mining industry, Mr. Forster has acted as a geologist, founder, director, senior executive, and financier. He was Founder, President & CEO of Newmarket Gold, which operated three gold mines in Australia with annual production of over 225,000 oz. a year. Newmarket was acquired by Kirkland Lake Gold in a $1 billion transaction in 2016.

Audra Walsh, Director

A professional engineer with more than 20 years of technical, operating, management and board experience in the mining industry, Ms. Walsh is CEO of Minas de Aguas Tenidas S.A.U. (MATSA), a privately held company owned by Trafigura and Mubadala, located in the Huelva Province, Spain. She was formerly President and CEO of Sierra Metals Inc., Minera S.A. and A2Z Mining, and has held senior positions with Barrick Gold Corporation and Newmont Mining Corporation. Ms. Walsh is a graduate with a degree in Mining Engineering from the South Dakota School of Mines and Technology.

7 Reasons To Consider Calibre Mining (TSX:CXB, OTC:CXBMF)

  1. Undervalued Price Vs. Peer Average – There is no getting around the main reason it’s time to act on Calibre Mining (TSX:CXB, OTC:CXBMF) – At $1,847 EV/oz the company is trading at a significant discount to peer average at $3,760 EV/oz based on production. This undervalued company mined more than 200,000 ounces of gold last year and is on track to approach 275,000 ounces this year. That equates to $544 million in raw revenue this year.
  2. Impressive Revenue Growth – Investing is a “what have you done for me lately” endeavor. This year you could count on Calibre eclipsing last year’s stellar numbers of $403 million in revenues, about $80 million in operating profit, and $43.3 million in net income.
  3. Cash Positive – Calibre has $100 million cash on hand. That’s the kind of liquidity that allows mining companies to mount aggressive exploration programs, finance a future gold mine, and bring it to commercial production.
  4. Substantial Reserves – Calibre’s gold reserves and resources are impressive. Its three Nicaragua mines combined have a probable reserve of 1,082,000 oz. of gold. Its indicated resources are 1.8 million ounces, and its inferred resources are 2.4 million.
  5. Small Footprint, Big Potential In Nevada – The Nevada Bureau of Mines lists Calibre’s Pan mine as a major mine. That’s despite the fact that the mine is lightly explored. Though, the Pan mine holds 264,000 oz. of proven and probable gold and 359,000 oz. of measured and indicated resources, along with a 42,000 oz. inferred resource. Of course, Pan is in the Battle Mountain Trend. The trend is a major reason tiny Nevada is one of the world’s top four gold producers.
  6. High Grade Gold Concentrations – Calibre’s most recently reported exploration results are off the charts. Over a number of miles Calibre found what could be a massive amount of high-grade gold in the 10 g/t Au range to 25 g/t Au. It also found gold concentrated at more than 31 g/t Au – also known as bonanza grade.
  7. Economic Factors Multiply Potential – At nearly $2,000, the price of gold is near historic levels. It’s soaring despite the fact that traditional economic factors are against it. When the brakes come off there could be a rush of institutional money into gold, in turn spiking prices.

With $100 million cash on hand, half a billion dollars in annual revenue, and positive net profit, Calibre Mining (TSX:CXB, OTC:CXBMF) could be one of the century’s great gold plays.

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Learn More About Calibre Mining (TSX:CXB, OTC:CXBMF) at your brokerage today!

1 https://www.equedia.com/calibre-mining-cxb-near-key-break-out-level-on-chart/
2https://mugglehead.com/calibre-minings-q1-23-financials-show-promising-growth-in-gold-mining-sector-bmo/
3https://goldprice.org/
4https://elements.visualcapitalist.com/charted-30-years-of-central-bank-gold-demand/
5https://elements.visualcapitalist.com/charted-30-years-of-central-bank-gold-demand/
6https://elements.visualcapitalist.com/charted-30-years-of-central-bank-gold-demand/
7https://elements.visualcapitalist.com/charted-30-years-of-central-bank-gold-demand/
8https://thenugget.prospectorportal.com/what-is-the-difference-between-resources-and-reserves
9https://www.calibremining.com/news/calibre-continues-to-expand-the-new-high-grade-gol-5048/
10https://www.calibremining.com/news/calibre-continues-to-expand-the-new-high-grade-gol-5048/
11https://www.calibremining.com/news/calibre-continues-to-expand-the-new-high-grade-gol-5048/
12https://investingnews.com/innspired/nevada-largest-gold-producer/

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This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding CXB’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to CXB’s industry; (b) market opportunity; (c) CXB’s business plans and strategies; (d) services that CXB intends to offer; (e) CXB’s milestone projections and targets; (f) CXB’s expectations regarding receipt of approval for regulatory applications; (g) CXB’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) CXB’s expectations regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute CXB’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) CXB’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) CXB’s ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) CXB’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of CXB to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) CXB’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact CXB’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing CXB’s business operations (e) CXB may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

HISTORICAL INFORMATION

Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of CXB or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of CXB or such entities and are not necessarily indicative of future performance of CXB or such entities.