| Dear Fellow Investor,
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| Cash is king.
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| That’s certainly true in the gold mining industry, where having operating gold mines with reasonable cost structures is a ticket to making money.
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| And that’s exactly what Calibre Mining (CXB.TO; CXBMF.OTC) has at its two operating mining areas in Nicaragua and Nevada.
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| Calibre’s operations closed out the third quarter of 2023 with a remarkable cash position of $97 million. That total is up 26% over Q2 2023 and 72% since January.
The company is self-funding all investments and can use that money to both explore for more gold and reward its shareholders with a potential share buyback program.
In a gold market that looks to be turning a corner — and with Calibre looking significantly undervalued — having a company in your portfolio that can instantly monetize higher gold prices is a must for any serious gold bug.
Even better: With another one million tonnes of unused capacity in its Nicaraguan operations, Calibre Mining has serious room for growth.
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| Operating At The High End Of Guidance
And Primed For Growth
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| Calibre finished Q3 with its fourth consecutive quarter of record production, generating 73,485 ounces of gold.
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| The company is on track to produce at the high end of its production guidance for 2023, zeroing in on total production of 275,000 ounces between its Nicaragua and Nevada operations.
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| Calibre’s guidance for cash costs this year is between $1,000 and $1,100 per ounce and its guidance for all-in sustaining costs is between $1,175 and $1,275 per ounce.
With gold trading around $1,970 per ounce, that means the company’s operations should continue to generate strong cash flow in Q4 2023 and into 2024.
That’s remarkable, but it gets even better: Despite producing at such a high level, Calibre’s hub-and-spoke mines in Nicaragua have delivered a 278% increase in reserves.
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| Click image to enlarge
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| That bodes for much better days ahead, considering that there’s considerable additional capacity at the company’s Libertad mill to boost production even more.
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| Plus:
A High-Grade Discovery At Limon
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| With 1.8 million measured and indicated gold ounces and 2.5 million inferred gold ounces, Calibre’s Nicaraguan projects are already primed to deliver years of production.
But Calibre keeps drilling those projects...and it keeps hitting more gold.
The latest example is the VTEM Gold Corridor at Limon. Recent drilling there has generated bonanza-grade results, including:
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- 66.0 g/t gold over 5.6 meters and 30.3 g/t over 5.0 meters
- 22.6 g/t over 4.9 meters and 17.8 g/t over 7.3 meters
- 26.0 g/t over 8.1 meters and 52.6 g/t over 3.8 meters
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| Those are eye-popping grades, but also consider the potential...because this VTEM corridor stretches over 1.5 kilometers on strike.
It’s all part of the 100,000 meters of drilling Calibre is conducting over its projects in Nicaragua and Nevada in 2023.
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| Resource Expansion
And Discovery Targets In Nevada
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| Turning to Nevada, Calibre has two high-profile projects, the Pan mine and the Gold Rock deposit.
Pan is set to produce between 40,000 and 45,000 ounces of gold in 2023, and it shows strong expansion potential on its Palamino and Coyote targets.
At Palomino, highlights from 2023 drilling include 3.84 g/t over 15.2 meters, 2.02 g/t over 27.4 meters, 1.15 g/t over 15.2 meters and 1.02 g/t over 27.4 meters.
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| Those are good, long intersections of mineable-grade gold, and they bode well for Calibre’s ability to expand the resource at Pan.
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| Gold Rock is located just 13 kilometers from the Pan infrastructure, which makes the projects candidates for a mini-hub-and-spoke model of their own.
Add in a potential producer in the company’s two-million-ounce Golden Eagle project in Washington, and you have a well-rounded mid-tier producer with tons of firepower for growth.
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| Powerful Leverage To Gold
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| The combination of its large and growing production profile, its multi-million-ounce gold resource and its aggressive exploration programs makes Calibre Mining a fantastic lever on rising gold prices.
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| Not only do you get the exploration kicker from aggressive drill programs across a range of properties, you get the immediate impact of higher gold prices due to growing gold production.
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| With the yellow metal appearing ready to break out to the upside, you’ll want to start your due diligence on Calibre soon.
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| Free Bonus — Click here to grab this report on how Calibre is also positioned to be a major player in the new potential gold backed currency in the BRICS economic block.
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| P.S. If you’re attending this week’s New Orleans Investment Conference, stop by Calibre Mining’s booth (#220) to learn how you can enter a drawing for this 1-oz. gold coin.
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| CLICK HERE
To Learn More about Calibre Mining Corp.
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