Calibre Mng Stock Price, News & Analysis

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced high-grade drilling results from its Panteon North zone at the Limon Mine Complex. Key findings include:

• 66.03 g/t Au over 5.6 metres in Hole LIM-22-4630
• 30.33 g/t Au over 5.0 metres in Hole LIM-22-4628
• 22.55 g/t Au over 4.9 metres in Hole LIM-22-4632
• 17.58 g/t Au over 2.4 metres in Hole LIM-22-4627
• 4.66 g/t Au over 1.7 metres in Hole LIM-22-4637

The results exceed expectations and indicate substantial opportunities for resource expansion.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced a multi-year outlook projecting increased gold production of 250,000 to 275,000 ounces for 2023, reflecting a 15% rise from 2022. Looking ahead to 2024, production is expected to reach 275,000 to 300,000 ounces, a 25% increase. This growth is supported by high-grade reserves developments, particularly at Pavon Central (6.5 g/t Au) and Eastern Borosi (6.8 g/t Au). The company also boasts $77.3 million cash at Q1 2022, no debt, and ongoing drilling programs to expand resources in Nevada and Nicaragua.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced the approval of the environmental permit for the Pavon Central open-pit mine in Nicaragua. This milestone allows the company to utilize excess capacity at its Libertad mill, contributing to production growth in 2023 and 2024 from a gold reserve of 6.49 g/t. The company aims to start production in Q1 2023 and has identified further resource expansion potential. Calibre continues to collaborate with local communities and regulatory authorities to ensure responsible development.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced that all matters presented at its Annual General Meeting (AGM) on June 15, 2022, were approved by shareholders. A total of 258,667,540 common shares were represented, equivalent to 57.73% of issued shares. Key approvals included the election of the Board of Directors and the re-appointment of PricewaterhouseCoopers LLP as external auditors for 2022. The election saw overwhelming support, with votes for directors exceeding 90% in most cases.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced high-grade gold drilling results from the Panteon North zone at its Limon Mine Complex in Nicaragua. Significant intersections include 17.80 g/t Au over 7.3 metres in Hole LIM-22-4619. The ongoing 85,000 metre resource expansion and discovery drilling program aims to enhance production and extend mine life. CEO Darren Hall expressed optimism about resource growth potential, as Panteon North remains open for further expansion, contributing to the company's strong operational outlook.

Calibre Mining Corp. (CXBMF) reported strong Q1 2022 results, achieving gold sales of 52,487 ounces, generating $99.6 million in revenue at an average gold price of $1,897/oz. Total cash costs were $1,060/oz and all-in sustaining costs were $1,199/oz. The company successfully integrated Fiore Gold's assets, enhancing its market position despite inflation. Net income was $11.7 million, with adjusted net income of $16.4 million. Exploration efforts reveal promising drill results, and mineral reserves in Nicaragua have increased significantly. 2022 guidance anticipates gold production between 220,000-235,000 ounces.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reports promising assay results from the ongoing resource conversion and expansion program at its Pan mine in Nevada. Significant drill intercepts include 1.29 g/t Au over 18.3 metres and 1.46 g/t Au over 9.1 metres, showing potential for resource expansion. The company has commenced a multi-rig, 50,000 metre drill program, ensuring rig availability and cost savings. Calibre's President, Darren Hall, expresses optimism about upgrading resources and creating value for stakeholders.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced Q1 2022 results, reporting consolidated gold production of 51,900 ounces and sales of 52,290 ounces. The company completed the acquisition of Fiore Gold on January 12, 2022, enhancing its position as a diversified gold producer. Nicaragua production reached 42,897 ounces, while Nevada produced 9,003 ounces. Mineral reserves in Nicaragua increased to 1,013,000 ounces at a grade of 4.62 g/t. A significant drill program has commenced to support further growth and exploration.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announces updates on its Pavon Central open pit mine project, targeting production ramp-up in early 2023. Key points include the confirmed open pit reserve grade of 6.49 g/t Au, ongoing high-grade drilling results, and resource expansion indications. Drilling at Pavon Central has yielded impressive results such as 8.58 g/t Au over 4.0 meters, while Pavon South shows high-grade potential with intercepts of 11.56 g/t Au over 12.4 meters. The company maintains a strong financial position, with a cash balance of US$78.5 million and no debt.