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Calibre Mining: Strong Reserve Growth Caps Off An Impressive FY2020

Apr. 06, 2021 11:25 AM ETCalibre Mining Corp. (CXBMF), CXB:CA6 Comments
Taylor Dart profile picture
Taylor Dart


  • Calibre Mining released its FY2020 Reserve & Resource update last week, reporting reserves of 864,000 ounces, with a sharp increase in reserves at both the Libertad Complex and Limon.
  • This increased reserve life has provided added visibility and confidence regarding future production, with roughly five years of production based on Calibre's reserves alone, assuming a 175,000-ounce production profile.
  • While Calibre looks a little expensive on a reserve basis, it's worth noting that the company is sitting on a very large resource base of more than 2.80 million ounces.
  • Given the company's significant installed capacity at La Libertad which provides a foundation for significant organic growth, I believe Calibre is a name worth keeping a close eye on.
Long conveyor belt transporting ore
Photo by svedoliver/iStock via Getty Images

We've finally reached the end of the Q4 Earnings Season for the Gold Miners Index (GDX), which means that companies are busy reporting their year-end reserve statements. One of the most recent companies to release its results is Calibre Mining (

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Taylor Dart profile picture
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Analyst’s Disclosure: I am/we are long GLD, KL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

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