Calibre Mng - CXBMF STOCK NEWS

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced two key appointments to strengthen its executive leadership team. David Schummer has been appointed as Senior Vice President & Chief Operating Officer, effective October 1, 2024. Schummer brings over 35 years of mining industry experience, having worked in various countries and held leadership positions at companies like Perseus Mining, Ma'aden Gold & Base Metals, and Newmont Mining

Stephen McCaughey has been appointed as Vice President Technical Services, Nicaragua. McCaughey is a qualified geologist with over 30 years of experience in the mining industry, including 14 years focused on Latin America. His most recent role was Regional Manager Technical Services for Endeavour Silver in Mexico.

These appointments are part of Calibre's transition from a junior gold producer to an Americas-focused, multi-asset mid-tier gold producer. The company expects these additions to contribute to optimizing operations, growing production, and creating significant value for shareholders.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced significant drill results from its 2024 exploration program at the Limon Mine Complex in Nicaragua. The company has made a new discovery called San Jose, located 2.5km north of the high-grade Panteon Norte deposit along the VTEM Gold Corridor. Highlights from San Jose include 13.26 g/t Au over 4.9 metres and 4.92 g/t Au over 10.3 metres.

Additionally, drilling at the past-producing Talavera underground gold zone has yielded high-grade results, including 6.38 g/t Au over 10.5 metres and 14.55 g/t Au over 1.0 metres. The company's 2024 Limon exploration program has also produced promising results, with intercepts such as 19.81 g/t Au over 3.8 metres and 16.52 g/t Au over 1.3 metres.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising results from ore control drilling at the Marathon Pit, part of the Valentine Gold Mine in Newfoundland & Labrador, Canada. The drilling revealed 47% higher gold grades and 44% more gold ounces compared to the 2022 Mineral Reserve model. A total of 196 reverse circulation (RC) holes were drilled, covering 4,915 meters in three benches planned for mining in 2025.

President and CEO Darren Hall highlighted the results as a confidence booster, with construction at 77% completion and first gold production expected in Q2 2025. Additionally, diamond drilling is ongoing as part of a 100,000-meter program aimed at discovering new gold mineralization.

These results solidify the 2022 Mineral Reserve estimates and enhance the company's outlook as it advances towards production. QA/QC measures ensured reliable sample analyses, performed at SGS facilities. Calibre remains focused on delivering sustainable value for shareholders and stakeholders.

Calibre Mining (TSX: CXB; OTCQX: CXBMF) has announced promising drill results from its Pan Heap Leach Gold Mine in Nevada. The exploration program revealed near-surface, above-reserve-grade gold mineralization, with highlights including:

- 0.45 g/t Au over 117.4 metres ETW in Hole PR24-113
- 0.56 g/t Au over 59.4 metres ETW in Hole PR24-111
- 0.46 g/t Au over 71.6 metres ETW in Hole PR23-208

These results suggest potential for increased resources, grade, and mine life at Pan. Since acquiring the mine in 2022, Calibre has increased Mineral Reserves by 50% net of production depletion. The company continues to focus on exploration across its assets, including the Valentine Gold Mine in Newfoundland and Labrador.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced promising drill results from its 2024 resource conversion and expansion program at the Eastern Borosi Mine Complex in Nicaragua. The drilling program has intercepted high-grade gold mineralization, with notable highlights including:

- 13.24 g/t Au over 5.8 metres ETW
- 9.24 g/t Au over 6.2 metres ETW
- 11.62 g/t Au over 3.8 metres ETW
- 7.81 g/t Au over 8.6 metres ETW

These results suggest significant potential for mine life extension and resource expansion within the 176 km2 Eastern Borosi land package. The company's CEO, Darren Hall, emphasized that these findings confirm the area's mineral endowment and high discovery potential.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported Q2 and YTD 2024 financial results. Key highlights include:

• Valentine Gold Mine construction 77% complete as of July 31, 2024
• Consolidated Q2 gold sales of 58,345 ounces at $2,302/oz average price
• Q2 Total Cash Cost of $1,264/oz and All-In Sustaining Cost of $1,533/oz
• Cash and restricted cash of $252.6 million as of June 30, 2024
• YTD gold sales of 120,122 ounces generating $269.2 million revenue
• Company remains on track for 2024 production guidance of 275,000-300,000 ounces
• Received key approvals for Valentine Gold Mine Berry deposit development

Calibre expects stronger H2 2024 production and lower costs, with Q4 anticipated to be the strongest quarter.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced the first ore delivery from its Volcan Deposit to the Libertad Mill. Located just 5 km south of the mill, Volcan is expected to significantly contribute to the company's production in the second half of 2024. The initial open pit resource at Volcan averages 2.0 g/t gold, supporting Calibre's annual production guidance of 275,000 – 300,000 ounces.

Darren Hall, President and CEO, highlighted the rapid progress at Volcan, with ore delivery beginning within a month of receiving environmental permits. The company's hub and spoke operating strategy is proving effective, with surplus capacity at the Libertad mill offering potential for low-cost, high-return growth.

Additionally, Calibre reports that the Valentine Gold Mine project is 98% engineered and 77% constructed, with first gold production expected in Q2 2025. This development is set to establish Calibre as a mid-tier gold producer.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has received federal environmental approval for the addition of the Berry Pit at its Valentine Gold Mine in Newfoundland & Labrador, Canada. The approval, granted by the Minister of Environment and Climate Change Canada, follows an environmental assessment update submitted in August 2023. This decision complements the recently issued provincial mining and surface leases for Berry and associated infrastructure.

Calibre's CEO, Darren Hall, highlighted that the company now has the major approvals required for the three-pit mine plan included in the 2022 Feasibility Study. Since acquiring Valentine in January, Calibre has made significant progress, advancing engineering to 98% and construction from 50% to 77%. The company is on track to deliver first gold in Q2, 2025.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has appointed Sian Tasaka to its Board of Directors, effective immediately. Ms. Tasaka brings 25 years of experience as a mining finance professional, specializing in financial analysis, reporting, and debt structuring. As an Associate Director at Endeavour Financial, she has advised mining clients on various financial aspects, including project financing, cash flow modeling, and risk management.

Ms. Tasaka holds a Bachelor of Business Administration in Finance from Simon Fraser University and has earned the Chartered Financial Analyst (CFA) designation. Calibre's Chairman, Blayne Johnson, expressed enthusiasm about the appointment, highlighting Ms. Tasaka's valuable experience and potential contributions to the company's growth strategy towards becoming a mid-tier gold producer in the Americas.