mining

Calibre Mining sets guidance at 275,000 – 300,000 oz of production in 2024

Kitco Media
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Calibre Mining sets guidance at 275,000 – 300,000 oz of production in 2024 teaser image

Calibre Mining (TSX: CXB) announced today in its year-end production report that it increased its cash reserve by 52%.

Calibre Mining is a Canadian-listed, Americas focused, mid-tier gold producer. The company completed its combination with Marathon Gold in November.

Cablibre said it achieved record consolidated full-year production of 283,494 ounces, exceeding 2023 production guidance. Cash is at $86 million, a 52% increase over end of year 2022, after a C$40 million investment in Marathon Gold.

For 2024, the company expects consolidated gold production and sales of between 275,000 and 300,000 ounces and all in sustaining cost of gold between $1,275 and $1,375 per ounce of gold. 

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