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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. reported robust Q3 2021 results with gold production of 44,579 ounces, generating $79.2 million in revenue at an average price of $1,781/oz. The company experienced a net income of $15 million and cash on hand increased to $72.9 million. Consolidated Total Cash Costs were $980/oz, while All-in Sustaining Costs reached $1,097/oz. Notably, the acquisition of Fiore Gold aims to create a diversified mid-tier gold producer with a targeted annual output of 245,000 ounces. Calibre remains committed to expanding its resource base through strategic developments in Nevada and Nicaragua.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced the appointment of Thomas Gallo as Senior Vice President of Growth, effective immediately. Darren Hall, CEO, emphasized Gallo's expertise in capital markets and technical skills as vital for advancing the company's growth strategies. Calibre has a robust operational framework, including a 50% surplus capacity at the Libertad mill, and is well-positioned for future expansion through acquisitions in prime gold regions. Gallo, previously ranked among top Canadian analysts, expressed enthusiasm for enhancing shareholder value.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced strong operational results for Q3 2021, producing 44,579 ounces of gold and achieving cash reserves of $72.9 million with no debt. Year-to-date gold production reached 133,537 ounces, positioning the company to meet its guidance of 170,000 - 180,000 ounces for the year. The Pavon Norte mine exceeded the target ore delivery rate, and the Eastern Borosi Project reported high-grade gold intercepts. The fourth quarter is expected to be the strongest of 2021, as Calibre aims for reduced costs and greater free cash flow.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has released updates on its resource expansion and discovery drilling program in the Limon Mine Complex. Key highlights include:
- High-grade intercepts: 9.02 g/t Au over 3.0m at Atravesada and several significant results from Tigra and Portal.
- Potential for resource growth: Drill results indicate additional high-grade resources, with 547,000 tonnes at 4.93 g/t Au.
- Exploration continues: New drilling at the Portal vein suggests additional gold mineralization opportunities.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) released updates on its 2021 drilling program, particularly the exploration and resource expansion at the Libertad concessions. Highlights include significant gold intercepts from the Tranca and Rosario vein systems, with the 2021 drilling program extended to 100,000 metres across multiple projects. Notably, drilling at Tranca revealed grades up to 4.21 g/t Au, confirming continued exploration success. The company’s operations remain strategically positioned to maximize resource development within proximity to existing mills.
Calibre Mining Corp. announced drill results from its Eastern Borosi Project in Nicaragua, highlighting high-grade gold intercepts. Notable results include 25.07 g/t Au over 9.7 meters at Guapinol and 33.64 g/t Au over 3.2 meters at Riscos De Oro. The company aims to provide mill feed to its Libertad mill with surplus capacity. A total of 19,720 meters were drilled, confirming resource continuity and potential for future expansion. Updated mineral resource estimates are expected in Q1 2022, with ongoing exploration targeting new vein systems.
Calibre Mining Corp. (CXBMF) reported strong financial and operational results for Q2 2021, producing 43,506 ounces of gold and generating $78.8 million in revenue. The average realized price was $1,804 per ounce, with net income of $11.9 million. As of June 30, 2021, cash on hand increased to $66.3 million. Notable milestones include a 57% increase in ore delivered daily from Pavon Norte, reaching commercial production at Panteon South, and progress on the Eastern Borosi Project. YTD gold production totaled 88,958 ounces, and guidance for growth capital was raised to $45-50 million to support further exploration and development.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced its operating results for Q2 2021, reporting gold production of 43,506 ounces, maintaining its guidance of 170,000 to 180,000 ounces for the year. The company also recorded a cash balance of $66.3 million, up $8.1 million from Q1 2021. Ore delivery from the Pavon Norte mine increased by 57%, with plans to hit 1,000 tonnes per day by year's end. Significant drilling results were noted at the Eastern Borosi Project, showing promising gold and silver grades. A conference call to discuss detailed financial results is set for August 5, 2021.
Calibre Mining Corp. announces significant high-grade gold drill results from its Eastern Borosi Project in Nicaragua, with notable figures including 26.49 g/t Au over 2.2 m and 9.07 g/t Au over 6.5 m. The company has completed 75% of its infill and other drilling programs. With inferred resources of 515,000 ounces of gold and 4.37 million ounces of silver, Calibre aims to enhance mill feed for its Libertad mill, which has a 50% surplus capacity. The project shows promising potential for resource growth, with over 20 new gold targets identified for future exploration.
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