Calibre Continues to Deliver Strong Free Cash Flow; Cash Position Increased 26% to US$97 Million From a Record Quarter, Producing 73,537 Ounces of Gold
2023年10月10日 - 7:00PM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF)
(“Calibre” or the “Company”) is pleased to announce operating
results for the three and nine months ended September 30, 2023 (all
amounts are expressed in U.S. dollars).
Q3 and Year to Date (“YTD”) 2023
Highlights
- Q3 cash
increased to $97 million, a 26% increase over Q2 2023 and 72% since
the start of 2023
-
4th Consecutive record
consolidated quarterly gold production, 73,485
ounces
- 50% increase in gold production
compared to Q3 2022 (49,081 ounces)
- Nicaragua gold production of 63,756
ounces and Nevada gold production of 9,729 ounces
- Record
consolidated YTD gold production of 208,011
ounces
- 30% increase in gold production
compared to YTD 2022 (160,704 ounces)
- Remain well on track to deliver
full year guidance of 250,000 – 275,000 ounces
- Exploration success
at Libertad yielded an Initial Mineral Resource Estimate at the
Volcan Gold Deposit and identified additional gold trends proximal
to the mill, providing further opportunity to leverage the
available surplus processing capacity;
- Continued to expand
zones of high-grade gold mineralization within the Limon Mine
Complex, at Atravesada and along the VTEM Corridor, demonstrating
the expansion and discovery potential across the property; and
- Potential to
increase resources, grade and confidence around the Pan mine was
reaffirmed with high-grade, near surface drill results immediately
south and north of the operating mine.
Darren Hall, President & Chief
Executive Officer of Calibre, stated: “During the quarter
Calibre increased cash, after exploration and growth investments,
to $97 million from gold production of 73,485 ounces, the company’s
fourth consecutive record quarter. The Company is in an excellent
position to deliver the high end of full year production guidance
of 250,000 - 275,000 ounces while continuing to generate strong
free cash flow.
October 15 marks the fourth anniversary of our
Nicaragua operating complex acquisition which transformed the
Company to a growth focused gold producer. Four years on we have
built a strong foundation, consistently delivering on our
commitments while self funding investments and growth,
including;
- Joined the World Gold Council,
committing to their Responsible Gold Mining Principles, and
integrated sustainability into all aspects and phases of our
operations;
- Permitted and developed five new
mines, each self funded through cash flow;
- Increased annual gold production
93% to 250,000 – 275,000 ounces (2020: 136,000 ounces);
- Grown Reserves 370%, net of
production depletion; and
- Increased cash from $4 million to
$97 million.
I am excited about the future. Calibre presents
a compelling investment opportunity with its consistent delivery of
strong free cash flow, ongoing reinvestment in exploration and
growth, and commitment to conducting operations in a responsible,
sustainable, and transparent manner.”
Q3 and YTD 2023 Financial Results and
Conference Call Details
Third quarter and YTD financial results will be
released after market close on Tuesday, November 7, 2023, and
management will be hosting a conference call on Wednesday, November
8 to discuss the results and outlook.
Date: |
Wednesday,
November 8, 2023 |
Time: |
10:00 a.m. (ET) |
Webcast Link: |
https://edge.media-server.com/mmc/p/uippamra |
Instructions for obtaining conference call
dial-in numbers:
- All parties must register at the link below to participate in
the Calibre Mining Q3 conference call.
- Register by clicking
https://register.vevent.com/register/BIaeef792eb39c469b8d3571c2423f7f24
and completing the online registration form.
- Once registered you will receive
the dial-in numbers and PIN number for input at the time of the
call.
The live webcast and registration link can be
accessed here and at www.calibremining.com under the Events and
Media section under the Investors tab. The live audio webcast will
be archived and made available for replay at www.calibremining.com.
Presentation slides that will accompany the conference call will be
made available in the Investors section of the Calibre website
under Presentations, prior to the conference call.
Qualified Person
Darren Hall, MAusIMM, President and Chief
Executive Officer, of Calibre Mining Corp. is a “qualified person”
as set out under NI 43-101 and has reviewed and approved the
scientific and technical information in this press release.
ON BEHALF OF THE BOARD
“Darren Hall”
Darren Hall, President and Chief Executive
Officer
For further information, please
contact:
Ryan KingSenior Vice President, Corporate
Development & IRT: 604.628.1010E: calibre@calibremining.comW:
www.calibremining.com
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed, Americas
focused, growing mid-tier gold producer with a strong pipeline of
development and exploration opportunities across Nevada and
Washington in the USA, and Nicaragua. Calibre is focused on
delivering sustainable value for shareholders, local communities
and all stakeholders through responsible operations and a
disciplined approach to growth. With a strong balance sheet, a
proven management team, strong operating cash flow, accretive
development projects and district-scale exploration opportunities
Calibre will unlock significant value.
Cautionary Note Regarding Forward
Looking Information
This news release includes certain
"forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of
applicable Canadian securities legislation. All statements in this
news release that address events or developments that we expect to
occur in the future are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
identified by words such as "expect", "plan", "anticipate",
"project", "target", "potential", "schedule", "forecast", "budget",
"estimate", "intend" or "believe" and similar expressions or their
negative connotations, or that events or conditions "will",
"would", "may", "could", "should" or "might" occur. Forward-looking
statements in this news release include but are not limited to: the
Company’s expectations toward higher grades mined and processed
going forward; statements relating to the Company’s 2023 priority
resource expansion opportunities; the Company’s metal price and
cut-off grade assumptions. Forward-looking statements necessarily
involve assumptions, risks and uncertainties, certain of which are
beyond Calibre's control. For a listing of risk factors applicable
to the Company, please refer to Calibre's annual information form
(“AIF”) for the year ended December 31, 2022, and its management
discussion and analysis (“MD&A”) for the year ended December
31, 2022, all available on the Company’s SEDAR+ profile at
www.sedarplus.com. This list is not exhaustive of the factors that
may affect Calibre's forward-looking statements such as potential
sanctions implemented as a result of the United States Executive
Order 13851 dated October 24, 2022.
Calibre's forward-looking statements are based
on the applicable assumptions and factors management considers
reasonable as of the date hereof, based on the information
available to management at such time. Such assumptions include but
are not limited to: the Company being able to mine and process
higher grades and keep production costs relatively flat going
forward; there not being an increase in production costs as a
result of any supply chain issues or ongoing COVID-19 restrictions;
there being no adverse drop in metal price or cut-off grade at the
Company’s Nevada properties. Calibre does not assume any obligation
to update forward-looking statements if circumstances or
management's beliefs, expectations or opinions should change other
than as required by applicable securities laws. There can be no
assurance that forward-looking statements will prove to be
accurate, and actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements. Accordingly, undue reliance should not
be placed on forward-looking statements.
Calibre Mining (TSX:CXB)
過去 株価チャート
から 4 2024 まで 5 2024
Calibre Mining (TSX:CXB)
過去 株価チャート
から 5 2023 まで 5 2024