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Calibre Mining Temporarily Suspends Blasting Activities at Jabali Underground Mine

Calibre Mining Corp. announces the temporary suspension of blasting activities at its Jabali underground mine at La Libertad. The suspension is related to surface instability issues caused by localised artisanal mining. The Company is supporting the government and community to mitigate the risks facing approximately 25 households in the community of Santo Domingo, proximal to the Jabali underground mine.

The Company expects to resume blasting and full mining activities at Jabali underground prior to year-end. Mining at the Jabali open-pit remains unaffected and the Company continues to process ore at its La Libertad mill.

Despite the temporary suspension of blasting at Jabali underground, the Company has reaffirmed its fourth quarter consolidated guidance of 32,000 to 35,000 ounces of gold production at an All-in Sustaining Cost of $950 to $980 per gold ounce sold. La Libertad is, however, now expecting gold production towards the lower end of its guidance range.

Russell Ball, Chief Executive Officer of Calibre stated: “We appreciate the opportunity to work with the government and communities to resolve the stability issues. As part of the Company’s commitment to safety and social responsibility, we agreed to suspend blasting activities at Jabali underground so as not to potentially exacerbate the situation. We expect to resume mining before the end of the year.


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