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 its operating results for Q3 and YTD 2022, highlighting a consolidated quarterly gold production of 49,081 ounces, marking a 10% increase from Q3 2021. YTD gold production reached 160,704 ounces, on track to meet the annual guidance of 220,000 - 235,000 ounces. Nicaraguan production faced temporary setbacks due to a carbon plant outage. Notable exploration success is reported at the Panteon North and Pan Mine, with strong mineralization results. The financial results will be disclosed on November 2, 2022.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported high-grade drill results from its Panteon North zone in the Limon Mine Complex as part of an 85,000 metre expansion drilling program. Significant mineralization extends 400 metres, featuring over 15 g/t Au intercepts. Recent drilling highlights include 52.59 g/t Au over 3.8 metres and a continuing confirmation of high-grade zones. A VTEM survey identified two parallel five km corridors, enhancing exploration potential. The company anticipates a substantial positive impact on its mineral resource statement due to these findings.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced an equipment failure at the ADR plant in the Libertad mill, Nicaragua, affecting Q3 gold sales by approximately 15,000 ounces. The strip circuit is currently down for repairs, but mining and processing operations continue, with gold in-circuit accumulating. The company does not anticipate adjusting its full-year production guidance despite this setback. An investigation into the cause of the equipment failure is underway, reflecting Calibre's commitment to high operational standards.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising results from its ongoing drill program at the Pan Mine in Nevada. The multi-rig program includes 85,000 metres of drilling, with 50,000 metres dedicated to the Pan site. Significant assay results were reported from multiple targets including Black Stallion, Pegasus, Palomino, Dune, Syncline, and Dynamite, revealing potential for resource expansion. CEO Darren Hall emphasized the opportunity for growth, especially around higher-grade zones. Calibre continues to focus on enhancing resources and extending mine life.
Calibre Mining Corp. reported solid Q2 2022 financial results with gold sales of 59,783 ounces totaling $111.3 million in revenue, at an average price of $1,861/oz. Year-to-date figures show sales of 112,270 ounces and revenue of $210.8 million. Total cash costs were $1,174/oz, while all-in sustaining costs (AISC) were $1,284/oz. Adjusted net income for Q2 was $15.5 million, or $0.03 per share. The company anticipates continued growth with increased mineral reserves and has $92.3 million in cash on hand, allowing for funding of exploration and development projects.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported a record gold production of 59,723 ounces for Q2 2022, a 37% increase from the same quarter last year. With year-to-date production at 111,621 ounces, the company is on track for its guidance of 220,000 - 235,000 ounces for the full year. As of June 30, 2022, cash reserves reached $92.3 million, up $15 million from Q1 2022, with no debt. New drill results indicate significant exploration potential. An environmental permit has been received for the Pavon Central open pit development, poised to enhance long-term production.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced significant progress in its 35,000-meter drilling program at the Gold Rock project in Nevada. Results include high-grade intercepts such as 2.01 g/t Au over 45.7 m and 3.10 g/t Au over 18.3 m in various drill holes. The project, with a total land package of 78 km², is federally permitted, and Calibre expects to declare mineral reserves by the end of 2022. Ongoing metallurgical tests show promising gold recovery rates from heap leaching, enhancing the project's viability for further development.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced high-grade drilling results from its Panteon North zone at the Limon Mine Complex. Key findings include:
- 66.03 g/t Au over 5.6 metres in Hole LIM-22-4630
- 30.33 g/t Au over 5.0 metres in Hole LIM-22-4628
- 22.55 g/t Au over 4.9 metres in Hole LIM-22-4632
- 17.58 g/t Au over 2.4 metres in Hole LIM-22-4627
- 4.66 g/t Au over 1.7 metres in Hole LIM-22-4637
The results exceed expectations and indicate substantial opportunities for resource expansion.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced a multi-year outlook projecting increased gold production of 250,000 to 275,000 ounces for 2023, reflecting a 15% rise from 2022. Looking ahead to 2024, production is expected to reach 275,000 to 300,000 ounces, a 25% increase. This growth is supported by high-grade reserves developments, particularly at Pavon Central (6.5 g/t Au) and Eastern Borosi (6.8 g/t Au). The company also boasts $77.3 million cash at Q1 2022, no debt, and ongoing drilling programs to expand resources in Nevada and Nicaragua.
