Calibre Mining – Full Year 2021 Operations Review And Outlook For 2022 At Nicaragua and Nevada Projects
Ryan King, VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us for a comprehensive overview of the Q4 and year-end operations, the massive ongoing exploration program in both Nicaragua and Nevada.
We start off with a review of the 4 Nevada projects and producing Pan Mine, acquired in the takeover of Fiore Gold (TSX.V: F). The company anticipates upwards of 50,000 ounces of annual production from Pan, but also is drilling to more ounces from inferred to measured & indicated as well as drilling outside of the resource area for expansion. In addition there are drills turning at the Gold Rock development project, where the prior PEA shows the potential to add another 50,000-60,000 ounces of annual production in the pipeline. Beyond that there is the prior producing Illipah Project with 222 KMs of mineralization in Nevada, and then finally the Golden Eagle project in Washington with 2 million ounces of gold reserves as future optionality.
Next we get an in-depth review of all the resource expansion and exploration focus across Nicaragua at Pavon Central, Pavon Norte, Limon, Eastern Borosi, and around the Libertad Mill at the Volcan, Tranca, and Rosario targets. Ryan also outlines how quick the timeline has been to explore, develop, permit, and then move the prior satellite deposits into production thus far, and what that may mean for all these new zones the company has drilled in 2021, and plans to drill in 2022.
We wrap up with a review of guidance of 180,000 – 190,000 ounces of production from the Nicaragua operations in 2022, and another 50,000 ounces of production in Nevada. Ryan also highlights that despite inflationary pressures and supply chain concerns which all companies are managing, they have strategies in place for cost optimization and a projected AISC of $1100 – $1200 for the year to come.
If you have any follow up questions for Ryan on Calibre Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.
+1 DT. You left out the pipeline of development projects and growing production profile. But yeah… a very solid growth-oriented producer with plenty of exploration upside.
Lots of content on today’s show, meat on the bone. CXB is particularly attractive.
Thanks for that comment Terry. Yes, Ryan does a really good job in unpacking all the activities that Calibre is engaged with at all their properties, and in providing real substance and meat on the bone to chew on.
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Every time I listen to him outline all the exploration results, the different areas in development that will feed production down the pipeline, the spare capacity that they still have at their 2 mills in Nicaragua, and now the upside growth potential in the operations in Nevada, it puts my mind at ease for the medium to longer term as an encouraged shareholder.
Hi Ex, it’s not gambling if a project has been de-risked, and that’s what Calibre Mining has done they have removed the risk from their properties. DT
And there aren’t many miners this inexpensive P/B, which would have the attention of Floyd Odlum.
Yeah wasn’t ever gambling…. it is Speculating! 🤪
Max Keiser on El Salvador, Bitcoin, volcano bonds, etc
The IMF just told El Salvador that they think they should drop Bitcoin! DT
Drop Bitcoin as legal tender IMF urges El Salvador. https://www.cnbc.com/2022/01/25/drop-bitcoin-as-legal-tender-imf-urges-el-salvador.html DT
Haha! Well, that didn’t take long for the big boy bankers to warn El Salvador about considering Bitcoin as legal tender.
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Max Kaiser just moved there for their embracing of cryptos, but it may be a short stay if they reverse course.
What’s not to like, sit back and enjoy the show. No debt, 100 million in cash, 15 drill rigs turning. I think I will go back to sleep and count my future pile! DT