Explorer Upgraded to Outperform after Enlarging Inferred Gold Resource
Research Report
Streetwise Reports (4/1/21) BMO Capital Markets advised that it has raised its rating on Calibre Mining Corp. to an Outperform after the firm successfully increased its mineral reserves and thereby considerably extended the projected mine life at two of its Nicaraguan gold projects.
In a March 29 research note, BMO Capital Markets research analyst Brian Quast reported that the firm is upgrading gold exploration and development company Calibre Mining Corp. (CXB:TSX; CXBMF:OTCQX) to Outperform. The analyst stated that the upgrade was based upon a significant increase in mineral reserves and resources as of FY/20 at its Libertad and Limon projects located in Nicaragua.