Calibre Mining – Q1 Gold Production recap and updates on the the drilling at 2 Projects, one with Rio Tinto as a partner
Ryan King, VP Corporate Development and IR for Calibre Mining (TSX:CXB – OTCQX:CXBMF) joins me to recap the recent Q1 2021 production numbers and the ongoing exploration. In Q1 the Company built on it’s hub-and-spoke production model by mining from 3 deposits and producing the most gold since 2016. We also discuss the exploration at the Eastern Borosi Project with a goal of using this asset as future feed for the mill and the Borosi Project, which is copper focused and has Rio Tinto as a partner.
If you have any follow up questions for Ryan regarding the work ongoing at Calibre Mining please email me at Fleck@kereport.com.
Click here for a recap of the recent news out of Calibre Mining.
Actually, with Copper at $4.49, it may have just taken out it’s all time high (which I believe was at $4.47)
Nice update from Caliber Mining. This team is really doing well with some of the assets they peeled off the larger mid-tier producers in years past with their continually advancing hub & spoke method, with the central mill and then a number of satellite deposits feeding it. They also have a much more robust exploration program than many of their producing peers, as a percentage of their budget, which I like to see, because it means they’ll be able to locate more satellite deposits to feed the mill. Also, that JV with Rio Tinto on that Copper project looks like has the potential to be a big boy deposit, or else Rio wouldn’t touch it. That is good timing with Copper up near all time highs.