Vancouver, B.C. – November 7, 2023: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”)
announcesfinancial and operating results for the three (“Q3 2023”) and nine months(“YTD 2023”) ended September
30, 2023. Consolidated financial statements and management discussion and analysis can be found at
www.sedarplus.ca and the Company’s website, www.calibremining.com. All figures are expressed in U.S. dollars.
Q3 2023 Highlights
• Record cash on hand of $97 million, a 26% increase over Q2 2023 and 72% higher than the beginning of 2023;
• Free Cash Flow (“FCF”)(1)
increased over Q2, 2023 to $16.3 million;
• 4
th consecutive record quarterly gold sales of 73,241 ounces grossing $143.9 million total revenue, at an
average realized gold price of $1,929/oz;
• Consolidated Total Cash Costs(2)
(“TCC”) of $1,007 and All-in Sustaining Costs(2)
(“AISC”) of $1,115 per ounce;
• Net income of $23.4 million or $0.05 per basic share;
• Adjusted net income(3) of $24.5 million or $0.05 per basic share;
• Exploration success at Libertad yielded an Initial Mineral Resource Estimate at the Volcan Gold Deposit;
• Intercepted high-grade gold targets at the Jabali Mine, potentially expanding resources;
• Continued to expand zones of high-grade gold mineralization at Atravesada and along the VTEM gold corridor,
both within the Limon Mine Complex;
• High-grade, near surface drill results immediately north and south of the operating Pan mine demonstrate
potential to increase resources, grade, and confidence across the property; and
• Announced Normal Course Issuer Bid as a responsible and potential use of available cash.
Year-to-Date (“YTD”) 2023 Highlights
• Record consolidated gold sales of 208,020 ounces grossing $410.1 million in total revenue, at an average
realized gold price(2) of $1,932/oz;
• Consolidated TCC
(2) of $1,047/oz; Nicaragua $983/oz & Nevada $1,412/oz;
• Consolidated AISC(2) of $1,195/oz; Nicaragua $1,101/oz & Nevada $1,456/oz; and
• Net income of $73.0 million, or $0.16 per share.
Darren Hall, President and Chief Executive Officer of Calibre, stated: “Calibre generated strong free cash flow from
a fourth consecutive quarter of record production, resulting in a 72% increase in cash on hand to $97 million since
the beginning of the year. Year to date costs are favorable to budget and the Company is in excellent shape to deliver
at the high end of full year production guidance.

see & read more on
https://www.calibremining.com/site/assets/files/7354/20231107_calibre_mining_q3_earnings_news_release_final.pdf