Wednesday, August 9, 2023

Vancouver British Columbia based Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced financial and operating results for the three (“Q2 2023’’) and six months (“YTD 2023”) ended June 30, 2023. All figures are expressed in U.S. dollars.

According to the release, Q2 2023 highlights included:

Record gold sales of 69,009 ounces with $139.3 million total revenue, at an average realized gold price of $1,974/oz;

Consolidated Total Cash Costs (“TCC”) of $977, and All-In Sustaining Costs (“AISC”) of $1,178 per ounce;

Record adjusted net income of $33.6 million; $0.07 per basic share, a 133% increase over Q2 2022.

Year-to-Date (“YTD”) 2023 Highlights included:

Record consolidated gold sales of 134,779 ounces grossing $266.2 million in total revenue, at an average realized gold price of $1,933/oz;

Adjusted net income of $49.8 million, or $0.11 per share.

Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am pleased to announce another exceptional quarter in which we delivered a third consecutive production record resulting in our strongest quarterly net income to date. Our consolidated Total Cash Cost and All-in Sustaining Costs being lower than budget position the Company to deliver full year production and cost guidance and generate strong free cash flow. As we continue to strengthen our balance sheet, we remain fiscally responsible by self-funding all exploration and organic growth from operating cash flow while increasing our cash position.

Calibre 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.  

Shares closed Wednesday's session at $1.55