News Brief: Calibre Mining Corp.

Wednesday, November 8, 2023

Vancouver, British Columbia based Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced financial and operating results for the three (“Q3 2023”) and nine months (“YTD 2023”) ended September 30, 2023.

According to the release, Q3 2023 Highlights included:

Record cash on hand of $97 million, a 26% increase over Q2 2023 and 72% higher than the beginning of 2023;

Free Cash Flow (“FCF”) ( 1 ) increased over Q2, 2023 to $16.3 million;

4 th consecutive record quarterly gold sales of 73,241 ounces grossing $143.9 million total revenue, at an average realized gold price of $1,929/oz;

Consolidated Total Cash Costs ( 2 ) (“TCC”) of $1,007 and All-in Sustaining Costs ( 2 ) (“AISC”) of $1,115 per ounce;

Net income of $23.4 million or $0.05 per basic share;

Darren Hall, President and Chief Executive Officer of Calibre, stated : “Calibre generated strong free cash flow from a fourth consecutive quarter of record production, resulting in a 72% increase in cash on hand to $97 million since the beginning of the year. Year to date costs are favorable to budget and the Company is in excellent shape to deliver at the high end of full year production guidance.

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.

Shares are trading off 12 cents at $1.36