Calibre Mng - CXBMF STOCK NEWS

Calibre Mining has reported significant progress in its Valentine Gold Mine construction, reaching 73% completion with detailed engineering at 98%.

Key achievements include a quarterly gold production of 58,754 ounces and a year-to-date production of 120,521 ounces. Calibre remains on track for its full-year production guidance of 275,000 to 300,000 ounces.

The company also highlighted its inclusion in the S&P/TSX Composite Index, expanded exploration programs, and safety awards. Financial results for Q2 2024 will be released on August 12, with a conference call on August 13.

Calibre Mining has received environmental approval from Nicaraguan authorities to develop and operate the Volcan gold deposit, situated 5 km south of the Libertad mill. This milestone supports Calibre's hub and spoke strategy, aiming to organically increase gold production. The Volcan deposit has an initial open pit resource averaging 2.0 g/t gold. Recent drilling in 2023 confirms higher-grade, near-surface gold mineralization. The permit, along with the Libertad mill's excess capacity of over one million tonnes, positions Volcan to enhance Calibre’s production in the latter half of 2024.

Calibre Mining has appointed Paula Caldwell St-Onge to its Board of Directors. This strategic addition brings over 30 years of experience from her tenure in the Canadian Government, where she held senior roles in environmental sciences, international relations, economic development, and sustainable development. Paula has served as the Canadian Ambassador to Haiti and held various senior positions in Global Affairs Canada, demonstrating her expertise in governance, trade, and environmental assessments. Calibre Mining Chairman Blayne Johnson highlighted Paula's significant contributions to Canadian mining regulations and her advocacy for mining interests in Latin America, Mexico, and Africa. The Board expects her international network and experience to propel Calibre towards its goal of becoming a mid-tier gold producer in the Americas.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced that its common shares will be added to the S&P/TSX Composite Index as of June 24, 2024. The inclusion in this benchmark index is viewed as a significant achievement for the company, indicating the value created for shareholders. Darren Hall, President and CEO, highlighted the benefits of this inclusion, such as increased exposure, a broader range of potential investors, enhanced liquidity, and trading flexibility. The company aims to leverage this milestone to continue driving long-term value for its shareholders.

Calibre Mining announced that B2Gold has sold 79 million of its shares in Calibre to new long-term shareholders in an arm's length transaction priced at C$1.76 per share. Despite the sale, B2Gold retains 31,950,333 shares, representing 4% of Calibre's outstanding shares. Chairman Blayne Johnson expressed gratitude towards B2Gold for their role in Calibre's formation and continued partnership. Due to the reduced ownership, Randall Chatwin, B2Gold's representative on Calibre's Board of Directors, has resigned.

Calibre Mining (TSX: CXB; OTCQX: CXBMF) has announced the appointment of Daniella Dimitrov as Senior Vice President and Chief Financial Officer, effective June 25, 2024. Dimitrov brings over 20 years of experience in mining and capital markets, having previously held key roles at IAMGOLD , Orvana Minerals, and Sprott Capital Partners. She is recognized for her extensive governance experience and has been named one of the Top 100 Global Inspirational Women in Mining. Darren Hall, CEO of Calibre, expressed confidence in Dimitrov's ability to lead the finance team as the company progresses toward becoming a mid-tier gold producer.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced the approval of all matters submitted to shareholders at its Annual General Meeting (AGM) held on June 12, 2024, via live webcast. Shareholders representing 59.41% of the company's issued and outstanding common shares participated. Key approvals included the election of the Board of Directors and the re-appointment of PricewaterhouseCoopers LLP as the company's external auditors. Detailed voting results show high approval rates for all director nominees, notably Darren Hall with 99.27% of votes for his election. Full details can be found in the company's Management Information Circular.

Calibre has announced significant drilling results from its 2024 exploration program at the Valentine Gold Mine complex in Newfoundland & Labrador. Highlights include intersections of 2.25 g/t gold over 15.30 meters, and 36.83 g/t gold over 0.91 meters. These results, located southwest of the Leprechaun deposit, demonstrate potential for further expansion of the mine's gold resources. The newly discovered mineralization is situated between 100 and 175 meters south of prior high-grade drilling, with both areas remaining open for further exploration. Calibre plans to continue drilling in this region to identify additional targets and infill gaps. The findings indicate upside potential beyond the current 2022 Mineral Reserve statement, enhancing the resource value of the 32 km long Valentine Lake Shear Zone.

On June 4, 2024, Calibre (TSX: CXB; OTCQX: CXBMF) announced a geotechnical incident at the west wall of its Limon Norte Open Pit in Nicaragua. The incident, which occurred on May 25, 2024, did not cause any injuries or equipment damage but will necessitate changes to the mine's sequencing, impacting Q2 2024 gold production. Despite this, operations at other Limon sites remain unaffected. The company expects Q2 2024 production to range between 55,000 and 60,000 ounces of gold. Calibre maintains its full-year production guidance at 275,000 to 300,000 ounces by prioritizing higher-grade ore in the latter half of the year.