Member Company Profile

Calibre Mining

CXB:CN|Last Price: USD 0.44|Market Cap: USD 136.25 M

USD 0.03        USD 0.56


Gold Price: $1,499.95|Silver Price: $17.04|Platinum Price: $845.00|Palladium Price: $1,463.00|Gold:Silver: 88.0


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Nicaragua


Last Updated: August 6, 2019

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IR Contact

Ryan King
+1 (604) 628-1012
[email protected]
www.calibremining.com

Address

Suite 413 - 595 Burrard Street
Vancouver, BC V7X 1J1
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Calibre Mining.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Canadian-based exploration and mine development company with gold, silver and copper mineral exploration projects in the highly prolific 'Mining Triangle' of northeastern Nicaragua.
B2Gold Corp. (TSX.BTO. NYSE AMERICAN: BTG. NSX: B2G) (“B2Gold”) and Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) (jointly the “Partners”) are pleased to announce that on July 2, 2019, the Partners entered into a binding agreement (the “Agreement”) for B2Gold to restructure its interests in, and for Calibre to acquire, the producing El Limon and La Libertad Gold Mines (the “Nicaragua Mines”), the Pavon Gold Project and additional mineral concessions in Nicaragua (collectively, the “Nicaragua Assets”) held by B2Gold for aggregate consideration of US$100 million (the “Purchase Price”), which Purchase Price will be paid with a combination of cash, common shares and a convertible debenture (the “Transaction”). Following the completion of the Transaction, B2Gold will own an approximate 31% direct equity interest in Calibre. B2Gold’s ongoing commitment to continuing involvement with the Nicaraguan operations will be secured by its significant equity interest in Calibre, its right to appoint one director to the Board of Calibre and its participation in an Advisory Board to the main Board of Calibre

The El Limon and La Libertad Mines have produced in excess of 1.4 million ounces of gold since 2010. Their combined 2019 gold production is projected to be between 150,000 and 160,000 ounces (see: B2Gold MD&A for period ended March 31, 2019 filed on B2Gold’s profile on SEDAR)

Value Drivers
  • New Transaction with B2Gold to acquire gold production and continue exploration and on going drilling in 2019
  • New Gold Producer with significant exploration opportunities
  • B2Gold 31% shareholder

Annual Production
Gold, oz per year
GEOs: Yes

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: Yes

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • B2Gold Corp.
  • Lukas Lundin
  • Management
Management
Chairman: Blayne Johnson
CEO: Russell Ball
CFO: John Seaberg
COO: Darren Hall
Vice President Corp Development & IR: Ryan King
More Detail
Capital Structure
Common Shares Outstanding: 300,000,000
Fully Diluted Shares: 300,000,000

IR Contact

Ryan King
+1 (604) 628-1012
[email protected]
www.calibremining.com

Address

Suite 413 - 595 Burrard Street
Vancouver, BC V7X 1J1
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Calibre Mining.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.