(Kitco News) - On Tuesday, Calibre Mining (TSX: CXB) announced record consolidated Q4 and full year 2022 gold production.
In Q4 2022, the company produced 61,294 ounces of gold (Q4 gold production in Nicaragua was 49,854 ounces and gold production in Nevada was 11,440 ounces).
In 2022, Calibre Mining produced 221,999 ounces of gold (full year 2022 gold production in Nicaragua was 180,490 ounces and gold production in Nevada was 41,509 ounces).
According to a statement, Calibre’s team delivered record production in 2022, for the third consecutive year, positioning the company well for a further 20% production growth in 2023.
In 2023, the company expects consolidated gold production and sales of between 250,000 and 275,000 ounces at consolidated all-in sustaining costs of between $1,175 and $1,275 per ounce of gold.
President and CEO Darren Hall stated, “The team delivered record production in 2022, for the third consecutive year, positioning us well for a further 20% production growth in 2023. Strong cash flows continue to drive Calibre’s organic growth strategy as we progressed development at Pavon Central and Eastern Borosi for production in 2023, setting ourselves up for another grade-driven production increase.
“I believe 2023 will be a transformational year, driven by an organic 20% increase in production, strong free cash flow, and significant exploration to expand recent high-grade gold discoveries not included in our multi-year, grade driven production increase strategy. Calibre has a solid, clear, and sustainable path to profitable growth.”
Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua.
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