Verge Of Dethroning The Dollar With Gold: A Golden Opportunity For Calibre Mining Corp.?

There’s been a good deal of speculation BRICS nations could dethrone the U.S. dollar with gold this August.  While it’ll be interesting to see if they can accomplish their goal, they have been accumulating the metal in the meantime. 

In fact, the World Gold Council, “published a report saying that China purchased 102 tonnes of gold. Russia has purchased 31.1 tonnes of precious metal in the last six months. In addition, India added 2.8 tonnes to its gold reserves in 2023, for the first time in more than a year. India accumulated gold for several months and could add more by the end of the year.” 

If successful, gold’s role as a global alternative currency could increase, as would its price, which could be a strong catalyst for companies, such as Calibre Mining Corp. CXB CXBMF.

Calibre Mining Corp. (CXB) (CXBMF) is a Canadian-listed, 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. 

With a diverse portfolio of assets – including three operating mines in Nicaragua and Nevada – 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. Calibre Mining Corp. also announced record consolidated quarterly gold production of 68,776 ounces, an increase of 15% year over year. It also increased its cash position by 32% to $77 million from the first quarter.

Most recently, Calibre Mining Corp. announced positive results from the 2023 expansion drilling at Panteon North and step-out drilling along the Panteon VTEM Gold Corridor within the Limon Mine Complex. These new intercepts continue to demonstrate the potential of the multi-kilometre long structure identified by its 2022 VTEM geophysical survey.

Learn more about Calibre Mining here.

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