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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. (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.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising assay results from its 2022 drill program at the Pan Mine in Nevada. The new Coyote target, located 3 km south of the Pan open pit, revealed significant potential with initial results showing 1.36 g/t Au over 13.7 metres. The company plans to advance a total of 38,400 metres of drilling in 2023, focusing on both new and existing resources. Highlights from other targets include notable gold grades, with intercepts indicating potential for further resource expansion.
Calibre Mining Corp. (OTCQX: CXBMF) reported record gold production for 2022, totaling 221,999 ounces, with Q4 production at 61,294 ounces. Nicaragua produced 180,490 ounces and Nevada 41,509 ounces. The company anticipates 250,000 to 275,000 ounces in 2023 with cash costs between $1,000 and $1,100 per ounce. Significant exploration results include high-grade discoveries at the Panteon North and potential expansion in Nevada. Calibre also launched a five-year sustainability strategy to ensure responsible operations.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has reported promising step-out drilling results from the Panteon North/VTEM geophysical corridor at the Limon Mine Complex. Key intercepts include 11.61 g/t Au over 9.3 metres and 6.73 g/t Au over 2.1 metres. These discoveries, located 2.5 km north of previous bonanza-grade finds, are expected to enhance the Company’s Resource and Reserve statement in Q1 2023. The ongoing drilling campaign aims to explore this high-grade gold zone further, supported by four diamond drill rigs along the corridor.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced exceptional high-grade drill results from the Panteon North zone, part of an extensive 85,000 metre drilling program at the Limon Mine Complex. Notable findings include 17.80 g/t Au over 7.9 metres and 13.14 g/t Au over 8.4 metres in respective drill holes. The company anticipates a maiden resource announcement in Q1 2023. CEO Darren Hall expressed optimism about the ongoing discoveries within the well-defined gold-shoot that spans 400 metres along strike, with further high-grade potential expected from the VTEM corridor.
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