VANCOUVER - Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ('Calibre' or the 'Company') announces financial and operating results for the three and six months ended June 30, 2022 ('Q2 2022').
Consolidated financial statements and management discussion and analysis can be found at www.sedar.com and the Company's website, www.calibremining.com.
Darren Hall, President and Chief Executive Officer of Calibre, stated: 'Calibre responsibly delivered another record quarter of production. Despite industry wide inflationary pressures our year to date AISC of $1,244 per ounce is favorable to budget, within guidance, and we reaffirm our commitment to deliver on our full year guidance.
Following receipt of the Pavon Central environmental permit approval during the quarter, we have commenced development works at the high-grade open pit, and Eastern Borosi permitting is progressing well with permits anticipated before year end.
Our exploration investment continues to yield positive results as evidenced by the bonanza grade drill results at Panteon North at Limon and numerous positive results at Pan and Gold Rock in Nevada. The Company is in the strongest financial position ever, with $92 million in cash and we remain fiscally responsible with the ability to self-fund exploration and organic growth from operating cash flow.'
Calibre's 2022 guidance remains unchanged. We will continue to invest in our multi-rig, 170,000 metre drill program which includes resource delineation, infill, and geotechnical drilling as well as early-stage generative exploration to test numerous satellite targets, across all assets as the Company continues to realize the prospective and under-explored potential the portfolio has to offer.
With $92.3 million in cash at the end of the quarter, no debt and strong cashflow from our producing assets, the Company remains able to self fund additional, low capital intensity growth initiatives while continuing to invest in value accretive exploration to support Calibre's future.
Contact:
Ryan King
Tel: 604.628.1010
Email: calibre@calibremining.com
Web: www.calibremining.com
About Calibre Mining Corp.
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. 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, no debt, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.
CALIBRE MINING CORP. 
