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The amounts are given in United States dollars.
The integration of our Nevada assets continues Calibre’s journey of creating shareholder value as the Company solidifies its position as a diversified, Americas focused, growing, mid-tier gold producer.
Darren Hall, President and Chief Executive Officer, Calibre Mining Corp.
Additionally, we commenced leveraging the commercial strength of the consolidated entity with the successful negotiation of new Nevada drilling contracts which resulted in securing rigs for the full years program at approximately 20% favorable unit rates.
Darren Hall, President and Chief Executive Officer, Calibre Mining Corp.
“We are well positioned to continue self-funding growth, exploration, and mine development and with multi-rig exploration drill programs across each of our assets we remain committed to reinvesting to expand resources, make new discoveries and grow production organically,” concludes Darren Hall.
Operating Overview
On January 12th, 2022, Calibre completed the acquisition of Fiore Gold, transforming the company into a multi-asset, multi-jurisdictional gold producer. The company’s Q1 gold production of 51,900 ounces exceeded expectations, putting it on track to meet its full-year gold production guidance of 220,000–235,000 ounces.
Owing to enhanced grades and mine sequencing, Nicaraguan gold production is anticipated to increase quarter over quarter and be approximately 20% higher in the second half of the year. As a result, during the second half of the year, the Company expects lower Total Cash Costs and All-in Sustaining Costs (“AISC”).
To get the most out of the integrated asset base, the Company will continue to optimize its consolidated mine and process plans.