Calibre Commences Ore Deliveries From Its Eastern Borosi Open Pit Mine to the Libertad Mill
30 Mayo 2023 - 5:00AM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the
“Company”) is pleased to announce that, following the commencement
of mining at its 100% owned Eastern Borosi open pit mine in early
April, ore deliveries to the Libertad processing plant commenced in
May.
Darren Hall, President and Chief
Executive Officer of Calibre, stated: “I am very pleased
with the progress made at the Eastern Borosi mine complex,
successfully transforming the exploration district to a production
centre. In April we began mining from the high-grade Guapinol open
pit with a reserve grade of 6.8 g/t gold and ore deliveries to the
Libertad mill commenced mid May. The development of Eastern Borosi
marks another significant milestone for the Company which will
positively contribute to our grade driven production growth as we
reaffirm our 2023 guidance of 250,000 to 275,0000 ounces.”
ON BEHALF OF THE BOARD
“Darren Hall”
Darren Hall, President & Chief Executive
Officer
For further information, please contact:
Ryan KingSenior Vice President, Corporate
Development & Investor RelationsT: 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; the Company’s expectations with respect
to Pavon Central and EBP and their respective contributions to
production growth. 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.sedar.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 and Nicaraguan 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.
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