Calibre Mng - CXBMF STOCK NEWS

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.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has shared encouraging exploration drill results from its 100% owned Gold Rock project in Nevada. Nine core holes revealed significant gold intercepts, particularly outside previous economic assessments, indicating potential for resource expansion. Highlights include a high-grade intercept of 2.61 g/t gold over 37m. Currently, five drill rigs are operating, which could accelerate exploration efforts. Calibre aims to enhance project economics through further drilling and metallurgical testing, setting the stage for a solid growth trajectory.

Calibre Mining Corp. has successfully completed its acquisition of Fiore Gold Ltd. through a court-approved plan of arrangement. Former Fiore shareholders received 0.994 Calibre shares and C$0.10 cash for each Fiore share. The transaction involved the issuance of 101,321,923 Calibre shares and a cash payment of approximately C$10.2 million. Post-acquisition, current Calibre and former Fiore shareholders own about 77% and 23% of Calibre shares, respectively. Calibre now holds a 100% interest in Fiore's Pan Gold Mine and other projects, and plans to delist Fiore shares from the TSX Venture Exchange.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported strong operating results for Q4 2021, with gold production of 49,218 ounces and total production for the year reaching a record 182,755 ounces. The company also announced the acquisition of Fiore Gold, expected to close on January 12, 2022, enhancing its position as a mid-tier gold producer. For 2022, Calibre projects gold production between 180,000 to 190,000 ounces and aims for cash costs of $1,000 - $1,100 per ounce. The company ended 2021 with cash reserves of $78.4 million, up $25.2 million from the previous year.