 | Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! |
(Kitco News) - Calibre Mining (TSX: CXB) today announced a record consolidated quarterly gold production of 68,776 ounces in Q2 2023, the third consecutive record quarter and up 15% compared to Q2 2022 (59,723 ounces).
The company said that year-to-date production was also a record, with consolidated H1 2023 gold production of 134,526 ounces, which is a 20% increase in gold production compared to H1 2022 (111,621 ounces).
Importantly, Calibre added it remains well on track to deliver full year guidance of 250,000 – 275,000 ounces.
President and CEO Darren Hall commented, “The team delivered another record quarter, with production of 68,776 ounces being ahead of budget, and positioning the company well to deliver our full year production guidance of 250,000 - 275,000 ounces. We generated strong free cash flow, increasing the company’s cash balance 32% over Q1 2023 to $77 million.
“During the quarter we announced numerous positive exploration results. Given our demonstrated ability to convert discovery into production, I expect our investment will continue to result in additional shareholder value as we leverage the significant surplus capacity available at the Libertad processing facility.”
Calibre Mining 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.
|
| Avalon inks MOU with Metso to advance development of Ontario's first lithium processing facility |
