Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.

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Calibre Mining Corp > CXB Reports Record Q1 Gold Production

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Comment by checkmate28on Apr 06, 2022 12:46pm

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Post# 34581041

RE:CXB Reports Record Q1 Gold Production

Operating Overview

Calibre completed the acquisition of Fiore Gold on January 12, 2022, establishing the company as a multi-asset, multi-jurisdictional gold producer. Our Q1 production of 51,900 ounces was higher than expectation, positioning the company well to meet full year gold production guidance of 220,000 – 235,000 ounces. Nicaraguan gold production is forecasted to increase quarter over quarter and is expected to be approximately 20% higher in the second half of the year due to increased grades and mine sequencing. As a result, the Company expects lower Total Cash Costs 3 and All-in Sustaining Costs (“AISC” 3 ) during the second half of the year.

Based off this, we can expect about 60k+ gold production per quarter H2 2022

Looking forward to the 170K Meters of drill results coming for Nicaragua and Nevada. With cash available, Nevada is going to open up nicely as the Nevada Resource Increases over the 3M 0zAu mark. The increased resource will get the Pan Mine production increase plus the Gold Rock development will move quickly to production. Nevada should be at 120 -150k oz/yr by 2024 as Gold Rock comes in. Nice additions to the already stellar Nicaragua growth.