CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

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.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced strong Q1 2023 results, achieving 65,750 ounces of gold production, a 27% increase from Q1 2022's 51,898 ounces. The company reported significant reserves growth with a 370% increase in total mineral reserves to 1,346,000 ounces of gold since 2019. Notable highlights include high-grade mining at Pavon Central and new discoveries at Panteon North and the Pan Mine. The firm remains on track for its annual production target of 250,000 – 275,000 ounces and will release its complete Q1 financial results on May 8, 2023.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising results from step-out drilling along the Panteon VTEM Gold Corridor within the Limon Mine Complex. New intercepts prove the multi-kilometre corridor's potential, particularly over 2 km from the previously reported Panteon North, which saw multiple high-grade gold intercepts. The latest drill report includes significant findings of 17.45 g/t Au over 4.1 metres in Hole LIM-22-4736. The Company added approximately 244,000 ounces of gold to its reserves based on the successful 2022 drilling campaign. With two drill rigs active, Calibre aims to expand its resources further.

Calibre Mining Corp. has commenced mining operations at its Pavon Central open pit mine ahead of schedule and on budget as of January 2023. In February, the mine averaged 1,000 tonnes per day delivered to the Libertad Mill, with grades exceeding 7g/t. CEO Darren Hall expressed satisfaction with the team's performance, indicating that the Pavon Central mine will contribute significantly to production growth for 2023 and beyond. Calibre Mining continues to focus on sustainable value for shareholders, driven by a strong balance sheet and ongoing development projects.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported strong financial and operational results for Q4 and fiscal year 2022. Key highlights include record gold sales of 222,991 ounces, generating $403.1 million in revenue, with an average gold price of $1,808/oz. Total Cash Costs (TCC) were $1,129/oz, while All-In Sustaining Costs (AISC) reached $1,259/oz. The company generated $96.7 million in cash flow from operations and announced a 20% year-over-year production growth target for 2023, aiming for 250,000-275,000 ounces. The 2022 mineral reserves increased by 33% to 1.35 million ounces, with significant exploration results highlighting potential growth.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has appointed John Jory as Vice President Geology for Nevada and promoted Pedro Silva to Vice President of Exploration for Nicaragua. CEO Darren Hall emphasized that these appointments enhance the company's focus on organic growth in gold-rich regions. Jory, an experienced geologist, has a significant track record of discovering over 10 million ounces of gold in Nevada. Silva has led successful exploration efforts in Nicaragua, including the high-grade Panteon deposit. Calibre aims to leverage its strong personnel and projects to unlock further value in the market.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced updated Mineral Resources and Reserves for its Nicaragua and Nevada properties as of December 31, 2022. Highlights include a 16% increase in the Nicaraguan Mineral Reserve grade to 5.37 g/t gold and a 278% rise in Mineral Reserves to approximately 1,082,000 ounces gold. The Panteon North Maiden Mineral Reserve added approximately 244,000 ounces at a grade of 9.45 g/t Au. In Nevada, a 23% increase in Pan Mine Mineral Reserves to 234,000 ounces gold was reported. The company aims for further exploration with ongoing drilling programs.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced its plans for 2023, focusing on a significant US$29 million exploration budget across Nicaragua and Nevada. In Nicaragua, the company aims to drill 60 km targeting high-grade deposits, particularly in the Panteon North zone, which has yielded impressive gold grades, including results of 66.0 g/t Au. Meanwhile, in Nevada, a US$9 million budget will facilitate 40 km of drilling, expanding on the successful Coyote and Gold Rock discoveries. Calibre aims to strengthen its resource base and enhance production capabilities while leveraging a self-funding exploration strategy.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced promising results from its initial diamond drill program at the Golden Eagle Project in Washington. The project hosts a Measured and Indicated resource of 2.02 million ounces of gold at 1.4g/t. Notable drill findings include 4.30 g/t Au over 92.42 metres and 2.90 g/t Au over 195.1 metres, indicating a robust mineral system. CEO Darren Hall highlighted the strategic importance of Golden Eagle, aiming to enhance shareholder value through further drilling and metallurgical testing, which may significantly contribute to the company’s resource estimate.