CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

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.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported promising results from its 2022 drill program at the Gold Project in Nevada. The program aimed to de-risk the Gold Rock project, intersecting high-grade sulphide mineralization in previously untested areas. Highlights include multiple drill holes showing significant gold grades, such as 5.5 g/t over 3.0 meters and 6.6 g/t over 5.8 meters. The results suggest a potential large Carlin-style mineral system at depth. Additionally, the Pan mine has received approval for permit modifications, extending its operational timeline by five years.

Calibre Mining Corp. reported its Q3 2022 results, achieving gold sales of 49,260 ounces and $85.2 million in revenue, with an average gold price of $1,730/oz. Year-to-date, gold sales reached 161,530 ounces, generating $296 million in revenue. The company's total cash costs were $1,188/oz and all-in sustaining costs (AISC) were $1,322/oz. Adjusted net income for Q3 2022 was $6.6 million or $0.01 per share. Calibre remains on track to meet its annual production guidance of 220,000 to 235,000 ounces.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has secured crucial environmental permits for the Eastern Borosi Project in Nicaragua, facilitating the development of open-pit and underground mines. The company has also signed a two-year contract with CEPAM for 100% clean energy, eliminating approximately 30% of its carbon emissions in Nicaragua. The high-grade reserves at EBP and Pavon Central are expected to drive production increases in 2023. Additionally, Calibre is set to begin drilling at the La Fortuna concession, enhancing its exploration prospects.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reports that the recent sanctions imposed by the U.S. Treasury on Nicaragua have no material impact on its operations. The Libertad and Limon complexes are performing as planned, with an expected consolidated annual production of 220,000–235,000 ounces of gold for 2022. The company remains committed to sustainable practices and compliance with laws and regulations while monitoring its operations closely.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) is assessing new U.S. sanctions imposed on Nicaragua's Directorate of Mines, announced on October 24, 2022. The company is committed to ensuring compliance with these sanctions and has reached out to the U.S. Treasury Department for guidance. Calibre aims to uphold all relevant international laws and will provide further updates following discussions with its advisors. The company operates primarily in Nevada and Nicaragua, focusing on sustainable value creation and responsible operations.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced its operating results for Q3 and YTD 2022, highlighting a consolidated quarterly gold production of 49,081 ounces, marking a 10% increase from Q3 2021. YTD gold production reached 160,704 ounces, on track to meet the annual guidance of 220,000 - 235,000 ounces. Nicaraguan production faced temporary setbacks due to a carbon plant outage. Notable exploration success is reported at the Panteon North and Pan Mine, with strong mineralization results. The financial results will be disclosed on November 2, 2022.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported high-grade drill results from its Panteon North zone in the Limon Mine Complex as part of an 85,000 metre expansion drilling program. Significant mineralization extends 400 metres, featuring over 15 g/t Au intercepts. Recent drilling highlights include 52.59 g/t Au over 3.8 metres and a continuing confirmation of high-grade zones. A VTEM survey identified two parallel five km corridors, enhancing exploration potential. The company anticipates a substantial positive impact on its mineral resource statement due to these findings.