CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

Calibre Mining Corp. announces financial and operating results for Q1 2023, including record gold sales of 65,770 ounces and $126.9 million in revenue. Consolidated Total Cash Costs of $1,164/oz and All-In Sustaining Costs of $1,302/oz. Cash flow from operations of $26.7 million. Net income of $16.4 million or $0.04 per share. Consolidated Mineral Reserves increased 370% since acquisition in 2019. Calibre expects grade-driven increased production and aims for consolidated production guidance of 250,000 to 275,000 ounces by year-end.

Calibre Mining Corp. (OTCQX: CXBMF) announced the exercise of its right to purchase 50% of the Production Royalty, 1% Net Smelter Return (NSR) for US$2 million from Triple Flag Precious Metals Corp. This strategic move at the Eastern Borosi project reduces the existing royalty to a 1% NSR. President and CEO, Darren Hall, expressed satisfaction with the ongoing operations, describing them as on schedule and within budget for the high-grade open pit mining initiative. The company sees significant potential for resource expansion and new discoveries, indicating a promising future for gold production growth.

Calibre Mining emphasizes sustainable value delivery for shareholders and stakeholders and maintains a robust balance sheet and proven management team.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced the successful commencement of mining operations at its new high-grade Eastern Borosi open pit mine. The company aims to increase gold production by 20% in 2023, targeting 250,000 – 275,000 ounces. The Guapinol open pit holds reserves of 6.8 g/t gold, adding to an already robust operational capacity with over one million tonnes of surplus processing at the Libertad mill. Calibre is focused on stakeholder engagement and sustainability, with 43% of the local population benefiting from employment and training initiatives. An exploration program is underway to assess further growth opportunities in the 176 km² Eastern Borosi land package.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced strong results from its second phase diamond drilling at the Golden Eagle Project in Washington, confirming substantial gold mineralization. Notably, drill hole GEC22-002 revealed 2.98 g/t Au over 87.17 metres, while GEC22-004 recorded intervals of 2.27 g/t Au over 47.55 metres and 3.70 g/t Au over 48.55 metres. These results follow promising findings from Phase One, which included 4.30 g/t Au over 92.42 metres. Additionally, Calibre initiated a comprehensive metallurgical program to enhance future gold extraction methods, with results expected in late 2023. Golden Eagle hosts a measured and indicated resource of 2.02 million ounces at 1.4 g/t gold, emphasizing its potential as a critical asset for the company.