Calibre Mng Stock Price, News & Analysis

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.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced an equipment failure at the ADR plant in the Libertad mill, Nicaragua, affecting Q3 gold sales by approximately 15,000 ounces. The strip circuit is currently down for repairs, but mining and processing operations continue, with gold in-circuit accumulating. The company does not anticipate adjusting its full-year production guidance despite this setback. An investigation into the cause of the equipment failure is underway, reflecting Calibre's commitment to high operational standards.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising results from its ongoing drill program at the Pan Mine in Nevada. The multi-rig program includes 85,000 metres of drilling, with 50,000 metres dedicated to the Pan site. Significant assay results were reported from multiple targets including Black Stallion, Pegasus, Palomino, Dune, Syncline, and Dynamite, revealing potential for resource expansion. CEO Darren Hall emphasized the opportunity for growth, especially around higher-grade zones. Calibre continues to focus on enhancing resources and extending mine life.

Calibre Mining Corp. reported solid Q2 2022 financial results with gold sales of 59,783 ounces totaling $111.3 million in revenue, at an average price of $1,861/oz. Year-to-date figures show sales of 112,270 ounces and revenue of $210.8 million. Total cash costs were $1,174/oz, while all-in sustaining costs (AISC) were $1,284/oz. Adjusted net income for Q2 was $15.5 million, or $0.03 per share. The company anticipates continued growth with increased mineral reserves and has $92.3 million in cash on hand, allowing for funding of exploration and development projects.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported a record gold production of 59,723 ounces for Q2 2022, a 37% increase from the same quarter last year. With year-to-date production at 111,621 ounces, the company is on track for its guidance of 220,000 - 235,000 ounces for the full year. As of June 30, 2022, cash reserves reached $92.3 million, up $15 million from Q1 2022, with no debt. New drill results indicate significant exploration potential. An environmental permit has been received for the Pavon Central open pit development, poised to enhance long-term production.