Calibre Mining – Solid Operational And Financial Results for Q1 2022, Along With An Overall Exploration And Development Update
Ryan King, VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us to review the solid Q1 operational and financial results as well as the larger exploration strategy for the balance of 2022, with a large ongoing 85,000 meter exploration program at multiple properties in both Nicaragua and Nevada.
In Q1 2022 Calibre Mining saw gold sales of 52,487 ounces grossing $99.6 million in revenue, at an average realized gold price1 of $1,897/oz; and with a consolidated Total Cash Costs (TCC) and All-In Sustaining Costs (AISC) of $1,060 and $1,199 per ounce, respectively. The company also reported the successful completion of the acquisition of Fiore Gold on January 12, 2022 creating a diversified, Americas focused, growing, mid-tier gold producer.
Next we got Ryan to provide an in-depth review of all the resource expansion and exploration focus across Nicaragua at the 4 main areas of focus; Limon, Libertad, Pavon Norte/Pavon Central/Pavon South, and Eastern Borosi. Ryan goes into a number of growth targets around each of these projects, and also outlines how quick the timeline has been to explore, develop, permit, and then move the prior satellite deposits into production thus far.
We wrap up a with a review of the exploration and development focus at the Nevada projects, mostly around the producing Pan Mine, but with some exploration and development work going on at the Gold Rock development project, which could essentially double the production output in Nevada when it comes online.
If you have any follow up questions for Ryan on Calibre Mining, then please email us at Fleck@kereport.com or Shad@kereport.com.