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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. (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.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced its inclusion in the VanEck Vectors Junior Gold Miners ETF (GDXJ) as of June 18, 2021. This milestone indicates ongoing growth and is expected to enhance liquidity and trading flexibility for investors. The company has appointed David Londono as General Manager of the Limon Mine Complex, bringing over 35 years of mining experience. John Seaberg, the Senior Vice President and CFO, is departing, with Paulo Santos appointed as interim CFO. The management changes aim to support Calibre's growth strategy and operational excellence.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced that its shareholders approved all matters at the Annual General Meeting held on June 16, 2021. A total of 227,705,860 shares were represented, constituting 67.72% of the outstanding shares. Key approvals included the election of the Board of Directors and the re-appointment of PricewaterhouseCoopers LLP as external auditors for 2021. The Board will serve until the next AGM. Detailed voting results revealed a high percentage of support for the nominees, with Darren Hall receiving 99.87% of votes in favor.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has released an update on its 2021 drilling program, focusing on exploration and resource expansion at the Libertad concessions. The company is currently operating 16 drill rigs, projecting gold production between 170,000 to 180,000 ounces in 2021. Significant drill results include high-grade gold intercepts from both the Volcán and Tranca veins. The company continues to explore new mineralization zones while advancing projects with its partner Rio Tinto at the Borosi joint venture.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced significant additions to its senior management. New Vice President of Sustainability Petri Salopera brings extensive experience in community relations and sustainability, while Senior Manager of Regional Exploration Greg Myers adds geological expertise. Ground Transportation Manager Rigoberto Anaya will enhance transport efficiency. Additionally, Ryan King was promoted to Senior Vice President of Corporate Development and Investor Relations, and Paulo Santos to Vice President of Finance. These appointments are expected to strengthen Calibre's operational capabilities.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced positive results from its 2021 drilling program at the Limon Mine Complex. Key findings include:
- 13.35 g/t Au over 3.2 metres at Veta Nueva
- 5.5 g/t Au over 7.1 metres at Atravesada
- 4.85 g/t Au over 5.5 metres from hole LIM-21-4548.
CEO Darren Hall highlighted strong resource expansion potential with over 15 rigs operating. The company aims to commence high-grade ore production within the quarter, positioning itself favorably for continued growth.
Calibre Mining Corp. reported strong Q1 2021 results, with gold production of 45,452 ounces, the highest since Q3 2016. Key highlights include revenue of $82 million from gold sales, net income of $16.6 million, and a 13% increase in working capital to $79 million. The company achieved an AISC of $1,095 per ounce and a significant 200% increase in mineral reserves to 864,000 ounces. The Pavon Norte mine contributed to the production growth, showcasing Calibre's effective 'hub-and-spoke' strategy. The outlook for 2021 remains positive, with expected production of 170,000 - 180,000 ounces.
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