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Undervalued Gold Mining Stock Provides “Double Play” Upside Potential for Investors

Why Under-the-Radar Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB) Offers Investors High Upside in Both the Near-Term… and the Long-Term

 Investor Alert: 9 analysts now have a “Buy” rating on this company’s stock with an average target price representing 65% upside potential

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Breaking News 

Calibre Reports Robust Q2 Free Cash Flow: A Third Consecutive Record Gold Production Quarter, a 133% Increase in Earnings Per Share, and 32% Increase in Cash on Hand

VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) announced financial and operating results for Q2 2023 and YTD 2023. Highlights included record gold sales of 69,009 ounces with $139.3 million total revenue, at an average realized gold price of $1,974/oz.

For more information, click here.

8 Reasons Why You Should Strongly Consider Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB) Right Now

1

Significantly Undervalued Opportunity: Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB) is trading at a significant discount to its peers based on value of its gold production. While the peer average is roughly $3,630 EV/oz., Calibre Mining Corp.’s is  roughly half of that…at just $1,847 EV/oz. That makes the company an attractive undervalued play for those investors looking for smart exposure to the gold market.

2

Calibre Mining Corp. Offers Solid Value at Today’s Gold Prices: In 2022 the company produced a record 221,999 ounces of gold and is projecting consolidated gold production of 250,000 and 275,000 ounces for 2023. Calibre’s consolidated total cash costs are between $1,000 and $1,100 per ounce of gold, while its consolidated all-in sustaining costs are between $1,175 and $1,275 per ounce. With gold prices today near $1,900 per ounce that leaves a profit margin of over $650 per ounce. And with up to 250,000 ounces of production in 2023, that could translate into millions in operating cash flow.

3

Predicted Higher Gold Prices Could Provide this Stock with a “Turbo Boost”: As I just mentioned, this consistent junior mining company has proven to be a strong investment even with gold prices hovered around $1,700/oz. last fall…and is an even greater value at today’s higher gold prices. But what could this company’s value look like if gold prices were to climb even higher? A number of experts including JP Morgan are predicting record high gold prices in 2024[i]

4

Consistent Production and Solid Growth: Calibre Mining Corp. boasts a diverse portfolio of assets – including three operating mines in Nicaragua and Nevada – that have helped the company demonstrate quarter over quarter delivery dating back to 2020. The company just delivered a record full year gold production of 221,999 ounces in 2022 and projects for 20% production growth – to 250,000-275,000 ounces – in 2023.

5

High Upside and Expansion Potential: The company recently announced the discovery of a high-grade gold zone – spanning 400 meters along strike and over 200 meters down-dip at its Panteon North property. On March 21, the company announced results from its step-out drilling along the Panteon VTEM Gold Corridor within the Limon Mine Complex including the discovery of the high-grade Panteon North gold zone which hosts a maiden Mineral Reserve of 244,000 ounces of gold (0.8Mt grading 9.45 g/t gold).

6

Experts Appear Very Bullish on Calibre Mining Corp.’s Potential: The word is getting out on this company’s significant upside potential. A number of institutional investors have accumulated shares – including a recent large purchase of 6.45 million shares by T. Rowe Price…5.2 million shares by IXIOS Asset Management…and 19.6 million shares by Invesco. Corporate insiders have also put their money behind the stock, with over $10 million invested. And nine analysts now have a “Buy” rating on the company’s stock with an average target price of $2.35 per share.

7

Calibre Mining Corp. is Expanding Mining Spokes That Feed into the Company’s Processing Plants: The company’s Eastern Borosi Project is its newest satellite open pit and underground mine that recently came online. In May 2023, the company announced drill results from the property that reinforce the potential for discovery and resource expansion at the project. This is consistent with the ongoing expansion of the company’s operations that has been taking place over the past several years.

8

Calibre Mining Corp.’s Strong Management Team Has a History of Mining Success: The company is led by a highly successful management team with decades of experience in the exploration space. Collectively, the management team and board of directors has led the successful sale of seven mining companies exceeding US $5 billion in value, including two significant take-outs over the past five years.

Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB) is an Americas-focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua.

The company now appears to offer investors not only smart exposure to precious metals…but also a unique “double play” profit opportunity.

First…Calibre Mining Corp. – at this moment – offers tremendous value in terms of its consistent gold production. The company has consistently increased its gold production each year…and it has done so while maintaining low costs and attractive margins.

Yet the company remains undervalued when compared to others in the space, trading at a significant discount to its peers in terms of estimated value per ounce.

That consistent production – at attractive margins – combined with its undervaluation makes the company an attractive value play right now.

But the second half of this company’s “double play” potential makes it even more attractive in the long-term.

Over the past year, many experts have been puzzled as to why the price of gold has not behaved as it has traditionally during periods of inflation and stock market volatility.

In fact, a number of experts are now calling for significantly higher gold prices over the next 12 months – including a forecast of record high gold prices in 2024 by JP Morgan.

Those forecasts could have a significant positive impact on companies like Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB).

Why are experts so confident that higher gold prices are coming?

Take a look at the chart below:

Since 2020, the U.S. has printed nearly 80% of all U.S. dollars in circulation.

In other words…at the start of 2020, we had approximately $4 trillion in circulation…

And now we have nearly $19 TRILLION in circulation – a 375% jump in just 3 years!

This rapid influx of trillions of dollars is causing inflation to soar – and that bodes well for higher gold prices in the months ahead.

As the price of gold climbs higher, institutional investors will look for undervalued opportunities in the mining sector…and companies like Calibre Mining Corp. could become even more attractive.

Rising gold prices will also trigger an increase in algorithmic buying as ETF products tied to higher gold prices will, by design, look to invest in exploration stocks that appear to be undervalued.

This potential for a “double play” upside scenario – with both near- and long-term profit potential – makes Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB) worthy of a closer look.

Calibre Mining Corp.’s Consistent Gold Production Year After Year

What Analysts Are Saying About Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB)

Calibre Mining Corp.’s Portfolio of Producing Assets

#1 Limon Mine & Mill – Western Nicaragua (100% owned)

no1map1

Source 3

Mining operations use conventional open pit mining methods at the Limón Central open pit and a combination of top-down and bottom-up sequenced longitudinal open stoping (“LOS”) at the Santa Pancha underground mines. The El Limón processing plant consists of agitated cyanide leaching and carbon adsorption, followed by carbon elution, electrowinning, and doré production. The annual throughput is approximately 500,000 tonnes per annum (“tpa”) and the historical recovery is 94% to 95%.

Calibre’s asset base includes multiple ore sources, 2.7 million tpa of installed mill capacity from two processing facilities (El Limon and La Libertad), reliable in-country infrastructure, and favourable transportation costs. The Company will continue to optimize its consolidated mine and process plans as the Company progresses our “hub-and-spoke” approach to maximizing value from our integrated asset base.

  • EL Limon Resource Expansion and Discovery Opportunity

Calibre has an extensive ongoing exploration program focused on resource expansion and discovery potential within the Limon Complex. Calibre has multiple rigs operating within the Limon mineral concessions including two active rigs carrying out step-out drilling along the multi-kilometre, high-grade Panteon VTEM Gold Corridor following the successful 2022 drilling campaign that resulted in the discovery of the high-grade Panteon North gold shoot which hosts a maiden Mineral Rserve of 244,000 ounces of gold (0.8MT at 9.45 g/t gold).  In addtion, there is an active drill program at the past producing Talavera mine, now known as the Talavera extension, which, historically, produced 800,000 ounces of high-grade ore and is not yet included in the Company’s Mineral Resources.  First pass drilling is underway at the recently permitted Buena Vista concessions located near the Limon Complex. To date, Limon hosts a combined open pit and underground Mineral Reserve of 3.7 million tonnnes grading at 5.50 g/t gold containing 657,000 ounces of gold.

#2 Libertad Mine & Mill – Central Nicaragua (100% owned)

no2maptext

Source 3

The La Libertad processing plant can treat approximately 2.25 million tonnes per annum (tpa), and current gold recoveries are approximately 94% to 95% for a blend of spent ore and run of mine (ROM) ore. Currently the mine is fed by ore trucked from Limon and Pavon as well ore mined near the mill at the Jabali underground mine.

The Libertad mill currently has surplus capacity and therefore benefits from satellites deposits.

Calibre’s asset base includes multiple ore sources, 2.7 million tpa of installed mill capacity from two processing facilities (El Limon and La Libertad), reliable in-country infrastructure, and favorable transportation costs.

#3 Pavon Gold Mine – Northwest Nicaragua (100% owned)

no3map

Source 3

Since acquiring the asset in 2019 Calibre completed an initial open pit resource estimate, initiated and completed the Environmental Impact Assessment (“EIA”) for Pavon Norte & Pavon Central, completed mine design and construction and began open pit mining and transporting to the Libertad processing plant.

The Pavon project represents a newly emerging gold district in Nicaragua in a region that has remained largely underexplored by modern methods. Historical exploration focused on delineating resources within the near surface portions of the Pavon Norte, Central and South deposits where indicated resources totaling 231,000 ounces of gold averaging 5.16 g/t have been delineated within the upper 100 meters.

#4 Pan Gold Mine – Nevada (100% owned)

Source 3

The Pan Mine is a Carlin-style, open-pit, heap-leach mine in east-central Nevada, approximately 28 km southeast of the town of Eureka, on the prolific Battle-Mountain – Eureka gold trend.

Pan ramped up smoothly after restarting operations in September 2017. Gold production has increased year over year since 2017 with 2021 gold production reaching 45, 397 ounces benefitting from the recent heap leach pad expansion and primary crushing circuit installed in 2020. 

Previous operators spent approximately $1.5 million over the past four years on exploration, this presents a significant opportunity for Calibre to ramp up generative and regional exploration but also follow up on numerous targets surrounding the North and South pits that have limited drilling. 

#5 Eastern Borosi Gold-Silver Property – Northeastern Nicaragua (100% owned)

7a

Calibre controls an undivided 100% interest in the Eastern Borosi Gold-Silver Property, located in the northeastern Nicaraguan low-sulphidation, epithermal district that hosts numerous high-grade, gold-silver vein systems.

  • The 176 km2 land package consists of open pip and underground known resources including the Guapinol open pit mine
  • Mineral resources have been defined in six vein systems that are exposed along an eight-by-ten kilometer structural corridor that remains open for resource expansion and discovery to the northeast and southwest;
  • There is an indicated mineral resource of 1.031 MT at 8.48 g/t for contained gold of 281,000 ounces;
  • There is an inferred mineral resource of 2.895 MT at 3.18 g/t Au for contained gold of 296,000 ounces;
  • The “Mining Triangle” of northeast Nicaragua of which EBP is a part has produced in excess of 8 million ounces of gold but remains significantly underexplored;
  • 2023 resource conversion and expansion drilling returned high grade drill results, including 12.9 g/t Au over 8.5 meters including 23.30 g/t Au over 1.6 meters and 35.50 g/t Au over ½ meters. This reinforces the potential for discovery and resource expansion.
  • EBP is located approximately 400 km by road from the Company’s 2.2 million tonne per annum Libertad Mill which is currently less than 50% utilized.

8 Reasons Why You Should Strongly Consider Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB) Right Now

1

Significantly Undervalued Opportunity: Calibre Mining Corp. (OTCQX: CXBMF); (TSX: CXB) is trading at a significant discount to its peers based on value of its gold production. While the peer average is roughly $3,630 EV/oz., Calibre Mining Corp.’s is  roughly half of that…at just $1,847 EV/oz. That makes the company an attractive undervalued play for those investors looking for smart exposure to the gold market.

2

Calibre Mining Corp. Offers Solid Value at Today’s Gold Prices: In 2022 the company produced a record 221,999 ounces of gold and is projecting consolidated gold production of 250,000 and 275,000 ounces for 2023. Calibre’s consolidated total cash costs are between $1,000 and $1,100 per ounce of gold, while its consolidated all-in sustaining costs are between $1,175 and $1,275 per ounce. With gold prices today near $1,900 per ounce that leaves a profit margin of over $650 per ounce. And with up to 250,000 ounces of production in 2023, that could translate into millions in operating cash flow.

3

Predicted Higher Gold Prices Could Provide this Stock with a “Turbo Boost”: As I just mentioned, this consistent junior mining company has proven to be a strong investment even with gold prices hovered around $1,700/oz. last fall…and is an even greater value at today’s higher gold prices. But what could this company’s value look like if gold prices were to climb even higher? A number of experts including JP Morgan are predicting record high gold prices in 2024[i]

4

Consistent Production and Solid Growth: Calibre Mining Corp. boasts a diverse portfolio of assets – including three operating mines in Nicaragua and Nevada – that have helped the company demonstrate quarter over quarter delivery dating back to 2020. The company just delivered a record full year gold production of 221,999 ounces in 2022 and projects for 20% production growth – to 250,000-275,000 ounces – in 2023.

5

High Upside and Expansion Potential: The company recently announced the discovery of a high-grade gold zone – spanning 400 meters along strike and over 200 meters down-dip at its Panteon North property. On March 21, the company announced results from its step-out drilling along the Panteon VTEM Gold Corridor within the Limon Mine Complex including the discovery of the high-grade Panteon North gold zone which hosts a maiden Mineral Reserve of 244,000 ounces of gold (0.8Mt grading 9.45 g/t gold).

6

Experts Appear Very Bullish on Calibre Mining Corp.’s Potential: The word is getting out on this company’s significant upside potential. A number of institutional investors have accumulated shares – including a recent large purchase of 6.45 million shares by T. Rowe Price…5.2 million shares by IXIOS Asset Management…and 19.6 million shares by Invesco. Corporate insiders have also put their money behind the stock, with over $10 million invested. And nine analysts now have a “Buy” rating on the company’s stock with an average target price of $2.35 per share.

7

Calibre Mining Corp. is Expanding Mining Spokes That Feed into the Company’s Processing Plants: The company’s Eastern Borosi Project is its newest satellite open pit and underground mine that recently came online. In May 2023, the company announced drill results from the property that reinforce the potential for discovery and resource expansion at the project. This is consistent with the ongoing expansion of the company’s operations that has been taking place over the past several years.

8

Calibre Mining Corp.’s Strong Management Team Has a History of Mining Success: The company is led by a highly successful management team with decades of experience in the exploration space. Collectively, the management team and board of directors has led the successful sale of seven mining companies exceeding US $5 billion in value, including two significant take-outs over the past five years.

Sources

*Current share price as of 8/10/23 is C$1.55 and Haywood’s target price is C$3.00
[i] https://www.cnbc.com/2022/12/22/gold-at-4000-analysts-share-their-2023-outlook-for-prices.html
[ii] https://www.cnbc.com/2022/12/22/gold-at-4000-analysts-share-their-2023-outlook-for-prices.html
[iii] https://www.calibremining.com/news/calibre-increases-nicaraguan-mineral-reserve-grade-4957/ – 
https://www.calibremining.com/site/assets/files/7183/cxb_aif_december_31_2022.pdf

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