VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial 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;

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