Calibre Delivers First Ore From the Volcan Open Pit Located 5 Km From the Libertad Mill, Leading to a Stronger H2, 2024
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced the first ore delivery from its Volcan Deposit to the Libertad Mill. Located just 5 km south of the mill, Volcan is expected to significantly contribute to the company's production in the second half of 2024. The initial open pit resource at Volcan averages 2.0 g/t gold, supporting Calibre's annual production guidance of 275,000 – 300,000 ounces.
Darren Hall, President and CEO, highlighted the rapid progress at Volcan, with ore delivery beginning within a month of receiving environmental permits. The company's hub and spoke operating strategy is proving effective, with surplus capacity at the Libertad mill offering potential for low-cost, high-return growth.
Additionally, Calibre reports that the Valentine Gold Mine project is 98% engineered and 77% constructed, with first gold production expected in Q2 2025. This development is set to establish Calibre as a mid-tier gold producer.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha annunciato la prima consegna di minerale dal suo giacimento di Volcan al molino Libertad. Situato a solo 5 km a sud del molino, Volcan dovrebbe contribuire in modo significativo alla produzione dell'azienda nella seconda metà del 2024. La risorsa iniziale a cielo aperto di Volcan ha una media di 2,0 g/t di oro, supportando la guida alla produzione annuale di Calibre di 275.000 - 300.000 once.
Darren Hall, Presidente e CEO, ha sottolineato i rapidi progressi a Volcan, con la consegna del minerale iniziata entro un mese dal ricevimento dei permessi ambientali. La strategia operativa a hub e spoke dell'azienda si sta dimostrando efficace, con la capacità surplus al molino Libertad che offre potenzialità per una crescita a basso costo e alto rendimento.
Inoltre, Calibre segnala che il progetto Valentine Gold Mine è ingegnerizzato al 98% e costruito al 77%, con la prima produzione di oro prevista per Q2 2025. Questo sviluppo si prefigura per stabilire Calibre come produttore di oro di medio livello.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha anunciado la primera entrega de mineral desde su depósito Volcan al molino Libertad. Ubicado a solo 5 km al sur del molino, se espera que Volcan contribuya significativamente a la producción de la empresa en la segunda mitad de 2024. El recurso inicial a cielo abierto en Volcan tiene un promedio de 2,0 g/t de oro, lo que respalda la guía de producción anual de Calibre de 275.000 - 300.000 onzas.
Darren Hall, Presidente y CEO, destacó el rápido progreso en Volcan, con la entrega de mineral comenzando dentro de un mes tras recibir los permisos ambientales. La estrategia operativa de la empresa, que incluye un modelo de hub y spoke, está demostrando ser efectiva, con una capacidad excedente en el molino Libertad que ofrece potencial para un crecimiento de bajo costo y alto rendimiento.
Adicionalmente, Calibre informa que el proyecto Valentine Gold Mine está 98% diseñado y 77% construido, con la primera producción de oro esperada para Q2 2025. Este desarrollo está destinado a establecer a Calibre como un productor de oro de nivel medio.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF)는 Volcan 광상에서 Libertad 밀로의 첫 원료 인도를 발표했습니다. 밀에서 남쪽으로 단 5km 거리에 위치한 Volcan은 2024년 하반기에 회사의 생산에 상당한 기여를 할 것으로 예상됩니다. Volcan의 초기 노천 자원은 평균 2.0 g/t 금을 기록하여 Calibre의 연간 생산 가이던스인 275,000 ~ 300,000 온스를 지원합니다.
대런 홀(Darren Hall) 사장 겸 CEO는 환경 허가를 받은 지 한 달도 안 되어 원료 인도가 시작된 Volcan의 빠른 진행 상황을 강조했습니다. 회사의 허브 및 스포크 운영 전략은 효과를 보고 있으며, Libertad 밀의 잉여 용량이 저비용, 고수익 성장 가능성을 제공합니다.
또한 Calibre는 Valentine Gold Mine 프로젝트가 98% 엔지니어링 완료되고 77% 건설 완료되었으며, 첫 금 생산이 2025년 2분기에 예상된다고 보고했습니다. 이 개발은 Calibre를 중간 규모 금 생산자로 설립하는 데에 기여할 예정입니다.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) a annoncé la première livraison de minerai de son gisement Volcan à l'usine Libertad. Situé à seulement 5 km au sud de l'usine, Volcan devrait contribuer de manière significative à la production de l'entreprise au deuxième semestre 2024. La ressource initiale à ciel ouvert de Volcan moyenne 2,0 g/t d'or, soutenant l'objectif de production annuel de Calibre de 275 000 - 300 000 onces.
Darren Hall, Président et CEO, a souligné les progrès rapides à Volcan, avec la livraison de minerai commençant dans le mois suivant l'obtention des permis environnementaux. La stratégie opérationnelle de l'entreprise centrée sur un modèle de hub et spoke s'avère efficace, la capacité excédentaire de l'usine Libertad offrant un potentiel de croissance à bas coût et à fort rendement.
De plus, Calibre rapporte que le projet Valentine Gold Mine est 98 % conçu et 77 % construit, avec une première production d'or prévue pour le T2 2025. Ce développement est destiné à établir Calibre en tant que producteur d'or de taille moyenne.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) hat die erste Erzlieferung aus seinem Volcan Deposit an die Libertad-Mühle angekündigt. Nur 5 km südlich der Mühle gelegen, wird erwartet, dass Volcan erheblich zur Produktion des Unternehmens in der zweiten Hälfte von 2024 beiträgt. Die anfängliche Open-Pit-Ressource in Volcan hat einen durchschnittlichen Gehalt von 2,0 g/t Gold, was die Jahresproduktionsprognose von Calibre von 275.000 - 300.000 Unzen unterstützt.
Darren Hall, Präsident und CEO, hob den schnellen Fortschritt bei Volcan hervor, wobei die Erzlieferungen innerhalb eines Monats nach Erhalt der Umweltgenehmigungen begannen. Die Hub- und Speichen-Betriebsstrategie des Unternehmens zeigt sich als effektiv, wobei die überschüssige Kapazität der Libertad-Mühle Potenzial für kostengünstiges, renditestarkes Wachstum bietet.
Darüber hinaus berichtet Calibre, dass das Projekt Valentine Gold Mine zu 98 % geplant und zu 77 % gebaut ist, mit einer ersten Goldproduktion, die für Q2 2025 erwartet wird. Diese Entwicklung wird Calibre voraussichtlich als mittelgroßen Goldproduzenten etablieren.
- First ore delivery from Volcan Deposit to Libertad Mill, enhancing production
- Volcan's initial open pit resource averages 2.0 g/t gold
- On track to meet annual production guidance of 275,000 – 300,000 ounces
- Valentine Gold Mine project 98% engineered and 77% constructed
- First gold production from Valentine Gold Mine expected in Q2 2025
- None.
VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to announce first ore delivery to the Libertad Mill (“the mill”) from its
Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am pleased with the rapid progress at the Volcan open pit considering first ore delivery to the mill during July within a month of receiving environmental permits. Volcan will contribute to higher production in H2 given the initial open pit resource averages 2.0 g/t gold, and consequently we remain confident in delivering into our annual production guidance of 275,000 – 300,000 ounces. The addition of Volcan demonstrates the effectiveness of our hub and spoke operating strategy, with surplus capacity at the Libertad mill there remains strong potential for low cost, high return on investment growth.”
“Additionally, with engineering of the fully funded Valentine Gold Mine at
About Calibre
Calibre (TSX:CXB) is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.
ON BEHALF OF THE BOARD
“Darren Hall”
Darren Hall, President & Chief Executive Officer
For further information, please contact:
Ryan King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com
Calibre’s head office is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.
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Cautionary Note Regarding Forward Looking Information
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Forward-looking statements in this news release include, but are not limited to: the Company’s expectations toward higher grades mined and processed going forward; statements relating to the Company’s 2024 priority resource expansion opportunities. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond Calibre's control. For a listing of risk factors applicable to the Company, please refer to Calibre's annual information form (“AIF”) for the year ended December 31, 2023, and its management discussion and analysis (“MD&A”) for the year ended December 31, 2023, all available on the Company’s SEDAR+ profile at www.sedarplus.ca. This list is not exhaustive of the factors that may affect Calibre's forward-looking statements such as potential sanctions implemented as a result of the United States Executive Order 13851 dated October 24, 2022.
Calibre's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Such assumptions include but are not limited to: the Company being able to mine and process higher grades and keep production costs relatively flat going forward; there not being an increase in production costs as a result of any supply chain issues; there being no adverse drop in metal price or cut-off grade. Calibre does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements.
FAQ
What is the expected impact of the Volcan Deposit on Calibre Mining's (CXBMF) production in 2024?
What is the average gold grade of the initial open pit resource at Volcan for Calibre Mining (CXBMF)?
When is Calibre Mining (CXBMF) expecting first gold production from the Valentine Gold Mine?
What is the current progress of the Valentine Gold Mine project for Calibre Mining (CXBMF)?
