CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

Calibre Mining Corp. (CXBMF) reported strong Q1 2022 results, achieving gold sales of 52,487 ounces, generating $99.6 million in revenue at an average gold price of $1,897/oz. Total cash costs were $1,060/oz and all-in sustaining costs were $1,199/oz. The company successfully integrated Fiore Gold's assets, enhancing its market position despite inflation. Net income was $11.7 million, with adjusted net income of $16.4 million. Exploration efforts reveal promising drill results, and mineral reserves in Nicaragua have increased significantly. 2022 guidance anticipates gold production between 220,000-235,000 ounces.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reports promising assay results from the ongoing resource conversion and expansion program at its Pan mine in Nevada. Significant drill intercepts include 1.29 g/t Au over 18.3 metres and 1.46 g/t Au over 9.1 metres, showing potential for resource expansion. The company has commenced a multi-rig, 50,000 metre drill program, ensuring rig availability and cost savings. Calibre's President, Darren Hall, expresses optimism about upgrading resources and creating value for stakeholders.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced Q1 2022 results, reporting consolidated gold production of 51,900 ounces and sales of 52,290 ounces. The company completed the acquisition of Fiore Gold on January 12, 2022, enhancing its position as a diversified gold producer. Nicaragua production reached 42,897 ounces, while Nevada produced 9,003 ounces. Mineral reserves in Nicaragua increased to 1,013,000 ounces at a grade of 4.62 g/t. A significant drill program has commenced to support further growth and exploration.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announces updates on its Pavon Central open pit mine project, targeting production ramp-up in early 2023. Key points include the confirmed open pit reserve grade of 6.49 g/t Au, ongoing high-grade drilling results, and resource expansion indications. Drilling at Pavon Central has yielded impressive results such as 8.58 g/t Au over 4.0 meters, while Pavon South shows high-grade potential with intercepts of 11.56 g/t Au over 12.4 meters. The company maintains a strong financial position, with a cash balance of US$78.5 million and no debt.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced assay results from its ongoing resource conversion and expansion drill program at the 100% owned Pan mine in Nevada. Initial results from the Q4 2021 drill program show significant potential for resource expansion, with notable gold assays including 1.02 g/t over 50.3 meters in Hole PR21-045. The company is undertaking a 50,000-meter drill program in 2022 to further optimize production and explore new targets. Calibre anticipates strong cash flow, supporting ongoing investment in its operations.

Calibre Mining Corp. reported significant growth in its Nicaraguan Mineral Reserves and Resources as of December 31, 2021. Highlights include a 254% increase in Mineral Reserves to 1,013,000 ounces of gold and a 62% rise in Indicated Mineral Resources to 1,806,000 ounces. The company anticipates production increases in 2023 and 2024 due to continued growth in reserves and a trend toward higher grades. Ongoing drilling programs are set to further bolster resource expansion, aiming for 250,000-ounce gold deposit discoveries. Calibre is positioned for significant operational enhancements with its strategic exploration initiatives.

Calibre Mining Corp. announced its financial and operating results for 2021, achieving gold production of 182,755 ounces and revenues of $328.1 million. The company reported a net income of $58.2 million with an average realized gold price of $1,791/oz. Key highlights include the acquisition of Fiore Gold, a strong cash position of $78.5 million, and a projected increase in gold production for 2022 of 220,000 - 235,000 ounces. Total Cash Costs and AISC were $1,013 and $1,136 per ounce, respectively, reflecting increased operational costs.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced updates on its 2022 exploration efforts in Nicaragua, emphasizing significant expansion in known resources and the initiation of new drilling programs. Key highlights include a 200% increase in year-end 2020 reserves to 864,000 ounces at a grade of 4.49 g/t gold, and a $22 million exploration budget for 2022. The company plans to conduct over 85 km of drilling, targeting deposits exceeding 250,000 ounces, while also advancing several new concessions such as Buena Vista and La Fortuna aiming for increased resource growth.