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Calibre Mining Corp (CXBMF) is a reputable mining and metals company headquartered in Vancouver, British Columbia, Canada. The company focuses on exploration, development, and production of precious metals, particularly gold. With a strong presence in the mining industry, Calibre Mining Corp is committed to sustainable mining practices and community engagement. Their recent achievements include successful drilling projects resulting in significant gold discoveries. The company's financial stability, strategic partnerships, and innovative approaches set them apart in the industry.
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.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced that its shareholders have overwhelmingly approved the issuance of up to 108,199,618 common shares related to the proposed acquisition of Fiore Gold Ltd. This resolution received approximately 99.79% approval. In parallel, Fiore shareholders also approved the acquisition, which is expected to finalize on January 12, 2022, pending court approval and other customary conditions. The shareholder meeting included votes from 68.33% of the outstanding shares.
Calibre Mining Corp. announced a special meeting for shareholders to approve the acquisition of Fiore Gold Ltd. which will strengthen its position as a diversified, Americas-focused gold producer. The acquisition aims for an annual gold production of 245,000 ounces. It includes a strong balance sheet with $96 million in cash and no debt, alongside the purchase of Fiore’s Pan Gold Mine and other projects. The meeting is scheduled for January 5, 2022, with voting deadlines on December 31, 2021.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announces the appointment of David Splett as Senior Vice President and Chief Financial Officer effective November 29, 2021. Darren Hall, President & CEO, expressed enthusiasm about Splett's extensive experience, which spans over 30 years in financial and operational roles across various sectors, including precious metals. Prior to Calibre, Splett held CFO positions at Elevation Gold and Goldcorp, among others. This strategic addition aims to enhance Calibre's leadership as it continues to develop into a mid-tier gold producer.
Calibre Mining Corp. (CXBMF) has announced promising results from its 2021 drilling program in the Volcán trend, revealing high-grade gold mineralization near the Libertad mill. Significant findings include:
- Good continuity of gold mineralization over a 1.5 km strike length, reaching depths of 100 to 250 metres.
- Eight out of nine drilled holes intersected significant gold veins.
- New high-grade zones have been confirmed at depths of 150 to 250 metres.
These results position Calibre for strong growth as it continues to explore and expand its resources.
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