Welcome to our dedicated page for Calibre Mng news (Ticker: CXBMF), a resource for investors and traders seeking the latest updates and insights on Calibre Mng stock.
Calibre Mining Corp (CXBMF) delivers gold exploration and production updates through this centralized news hub. Investors and industry stakeholders will find authoritative coverage of operational developments, financial disclosures, and strategic initiatives shaping this mid-tier mining company.
Track key updates including quarterly earnings, mineral resource estimates, project permitting milestones, and leadership announcements. Our aggregation ensures timely access to press releases on exploration results, drilling programs, and sustainability efforts across Calibre’s North American operations.
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Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising assay results from its 2022 drill program at the Pan Mine in Nevada. The new Coyote target, located 3 km south of the Pan open pit, revealed significant potential with initial results showing 1.36 g/t Au over 13.7 metres. The company plans to advance a total of 38,400 metres of drilling in 2023, focusing on both new and existing resources. Highlights from other targets include notable gold grades, with intercepts indicating potential for further resource expansion.
Calibre Mining Corp. (OTCQX: CXBMF) reported record gold production for 2022, totaling 221,999 ounces, with Q4 production at 61,294 ounces. Nicaragua produced 180,490 ounces and Nevada 41,509 ounces. The company anticipates 250,000 to 275,000 ounces in 2023 with cash costs between $1,000 and $1,100 per ounce. Significant exploration results include high-grade discoveries at the Panteon North and potential expansion in Nevada. Calibre also launched a five-year sustainability strategy to ensure responsible operations.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has reported promising step-out drilling results from the Panteon North/VTEM geophysical corridor at the Limon Mine Complex. Key intercepts include 11.61 g/t Au over 9.3 metres and 6.73 g/t Au over 2.1 metres. These discoveries, located 2.5 km north of previous bonanza-grade finds, are expected to enhance the Company’s Resource and Reserve statement in Q1 2023. The ongoing drilling campaign aims to explore this high-grade gold zone further, supported by four diamond drill rigs along the corridor.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced exceptional high-grade drill results from the Panteon North zone, part of an extensive 85,000 metre drilling program at the Limon Mine Complex. Notable findings include 17.80 g/t Au over 7.9 metres and 13.14 g/t Au over 8.4 metres in respective drill holes. The company anticipates a maiden resource announcement in Q1 2023. CEO Darren Hall expressed optimism about the ongoing discoveries within the well-defined gold-shoot that spans 400 metres along strike, with further high-grade potential expected from the VTEM corridor.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported promising results from its 2022 drill program at the Gold Project in Nevada. The program aimed to de-risk the Gold Rock project, intersecting high-grade sulphide mineralization in previously untested areas. Highlights include multiple drill holes showing significant gold grades, such as 5.5 g/t over 3.0 meters and 6.6 g/t over 5.8 meters. The results suggest a potential large Carlin-style mineral system at depth. Additionally, the Pan mine has received approval for permit modifications, extending its operational timeline by five years.
Calibre Mining Corp. reported its Q3 2022 results, achieving gold sales of 49,260 ounces and $85.2 million in revenue, with an average gold price of $1,730/oz. Year-to-date, gold sales reached 161,530 ounces, generating $296 million in revenue. The company's total cash costs were $1,188/oz and all-in sustaining costs (AISC) were $1,322/oz. Adjusted net income for Q3 2022 was $6.6 million or $0.01 per share. Calibre remains on track to meet its annual production guidance of 220,000 to 235,000 ounces.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has secured crucial environmental permits for the Eastern Borosi Project in Nicaragua, facilitating the development of open-pit and underground mines. The company has also signed a two-year contract with CEPAM for 100% clean energy, eliminating approximately 30% of its carbon emissions in Nicaragua. The high-grade reserves at EBP and Pavon Central are expected to drive production increases in 2023. Additionally, Calibre is set to begin drilling at the La Fortuna concession, enhancing its exploration prospects.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reports that the recent sanctions imposed by the U.S. Treasury on Nicaragua have no material impact on its operations. The Libertad and Limon complexes are performing as planned, with an expected consolidated annual production of 220,000–235,000 ounces of gold for 2022. The company remains committed to sustainable practices and compliance with laws and regulations while monitoring its operations closely.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) is assessing new U.S. sanctions imposed on Nicaragua's Directorate of Mines, announced on October 24, 2022. The company is committed to ensuring compliance with these sanctions and has reached out to the U.S. Treasury Department for guidance. Calibre aims to uphold all relevant international laws and will provide further updates following discussions with its advisors. The company operates primarily in Nevada and Nicaragua, focusing on sustainable value creation and responsible operations.
