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Calibre Mining Corp. (CXBMF) is covered as an American depositary receipt or foreign-issuer security, with company updates tied to parent-company reporting and ADR-related disclosure context. Recurring news themes include operating and financial results, capital-structure disclosures, governance matters, shareholder voting items, and material agreements affecting the issuer.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced it is now debt-free after transferring a final payment of US$15.5 million to B2Gold Corp. This payment settles previously deferred amounts, including a US$10 million acquisition payment and a US$5.5 million working capital adjustment. The decision to repay was made following a strong third quarter, resulting in significant free cash flow and US$56 million in cash on hand. Calibre is focused on sustainable growth and operates two gold mines in Nicaragua.
Calibre Mining Corp (TSX: CXB; OTCQX: CXBMF) announced its Q3 2020 results, featuring gold production of 45,341 ounces and gold sales of 44,842 ounces. The company reported cash on hand of $56 million, an increase of $31 million from Q2. Key developments include the commencement of the Pavon Norte open pit mine and the acquisition of a 70% interest in the Eastern Borosi Project. Multi-year production projections indicate 120,000 ounces average production at Libertad with AISC of $906/ounce.