Calibre Mining Corp.

09:48 AM EST - Calibre Mining Corp. : Provided a multi-year outlook of its forecast gold production, highlighting the Company’s 2023 and 2024 production increase. Highlights >> 2023 consolidated production: 250,000 – 275,000 ounces: 15% increase over 2022; 2024 consolidated production: 275,000 – 300,000 ounces: 25% increase over 2022; 2023 – 2024 grade driven production growth in Nicaragua underpinned by the development of high-grade reserves, including Pavon Central and the Eastern Borosi Project. Darren Hall, President & Chief Executive Officer of Calibre, stated : “High-grade, open pit reserves at Pavon Central (6.5 g/t Au) and Eastern Borosi (6.8 g/t Au) will fuel a 25% increase in consolidated production by 2024 leading to lower per ounce costs and increased margins. The effectiveness of our operating model to efficiently permit and develop satellite deposits by leveraging off the installed capacity at La Libertad will continue to result in high returns on invested capital. Calibre Mining Corp. shares T.CXB are trading down 3 cents at $1.08.

Stocks in Play