A significantly undervalued gold producer with an aggressive exploration drill program turning up new, high-grade gold — that’s what Calibre Mining (CXB.TO; CXBMF.OTC) offers investors at a time when the yellow metal looks to be turning a corner.

Dear Fellow Investor,

While it’s not out of the woods yet, the gold market seems to have righted the ship recently.

With investors of all stripes betting on the eventual end to the Fed’s rate increases, the yellow metal has begun to attract a stagflation trade.

If this keeps up, profitable gold-producing companies like Calibre Mining (CXB.TO; CXBMF.OTC) should do extremely well.

But as you’re about to see, Calibre is a very special case.

The company is not only forecasting production growth over the next two years, but it is generating enough cash flow to support an aggressive drill program in its two main jurisdictions: Nicaragua and Nevada.

And yet Calibre is still trading at a significant discount to both its inherent value and that of its peers.

This is a recipe for a strong rebound — and as you’re about to see, it’s one that could happen soon with important catalysts directly ahead.

A Steep Production–Growth Forecast

Calibre has gold operations in both Nicaragua and Nevada.

In Nicaragua, the company is operating on a hub and spoke system where ore is being fed to its hubs on the Libertad property and the Limon property.

The spokes are Limon, which sends its excess ore to Libertad, along with Pavon and, in 2023, Eastern Borosi.

Right now, the Libertad mill is operating at a 4.28 g/t grade and a 50% utilization rate on its 2.2 million tonne-per-annum capacity.

With more and higher-grade ore forecast from Eastern Borosi in 2023 and more ore from Pavon and Limon, Libertad could produce 200,000 ounces of gold at a 75% utilization rate and a 4.0 g/t grade.

And it could get much better: Libertad could produce up to 330,000 ounces of gold at a 100% utilization rate and a 5.0 g/t average grade.

Adding in the production from its Pan mine in Nevada, Calibre is forecasting between 220,000 and 235,000 ounces of production in 2022.

In 2023, it expects growth in Nicaragua to boost consolidated annual production to between 250,000 and 275,000 ounces and to between 275,000 and 300,000 ounces in 2024.

That’s a steep growth curve — but there’s more to come....

Growth By Drill Bit Underway

Remember, it’s not just production growth that will drive Calibre’s market value in the weeks and months ahead.

The company also has aggressive drill programs underway in both Nicaragua and Nevada...with 12 drill rigs drilling 85,000 meters in Nicaragua and five rigs drilling 85,000 meters in Nevada.

In Nicaragua, the drilling focus is on Limon’s Panteon North and Talaveras targets, Pavon’s Pavon Central and Pavon South targets and Eastern Borosi’s Guapinol, Vancouver and Riscos de Oro targets.

These programs have recently been lighting up the newswires with ultra-high-grade gold hits at Panteon North. The highlights include 66.0 g/t gold over 5.6 meters, 30.3 g/t gold over 5.0 meters, 22.6 g/t gold over 4.9 meters and 17.8 g/t gold over 7.3 meters.

Because of the recent malaise in the gold market, these results have been relatively ignored by the market. But the beginning rebound in the metals promises to shine a spotlight on them soon.

In Nevada, the drills are focused on resource conversion and expansion at the producing Pan mine and resource growth on the Gold Rock project.

Calibre believes it has the potential to double its production in Nevada with the development of Gold Rock alone.

Led By A Team That’s Delivered $5 Billion In Value To Investors

When investing in a company with Calibre Mining’s ambitions, it helps when that company has a management team with a track record of success.

That’s certainly the case with the team at Calibre. This is a group who has created more than $5 billion in value in the past for shareholders.

At the top of its success story list is Newmarket Gold, an Australian miner that the Calibre team shepherded from a $5 stock to a $70 stock at the time of Newmarket’s buyout by Kirkland Lake.

By pulling together producing assets with exploration upside, this team is looking to repeat its Newmarket success with Calibre.

The Timing Looks Ideal

Again, the macro environment is providing a window of opportunity here.

Gold has apparently stopped the bleeding, but it will take a while for investors to rush wholesale into the yellow metal.

Within that window, Calibre Mining looks to be trading at bargain-basement levels, particularly for a producing company set to grow substantially.

With just a normalization of the gold market, companies like Calibre Mining could start to trade at multiples of their current market caps.

If you like gold for the medium- and long-terms, you’ll want to take a look at Calibre Mining sooner rather than later.

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