Calibre confident of meeting high end of full-year production guidance
Gold miner Calibre Mining says it remains on track to meet the high end of its full-year production guidance after achieving a strong third-quarter performance.
The miner, which owns the Limon, Libertad and Pavon mines, in Nicaragua, produced 44 579 oz of gold and sold 44 471 oz of gold in the third quarter, compared with the 45 341 oz produced and the 44 842 oz sold in the third quarter of 2020.
This resulted in year-to-date gold production of 133 537 oz , compared with the 93 435 oz produced in the nine months to September 30, 2020.
Calibre's full-year mining guidance is set at 170 000 oz to 180 000 oz of gold.
CEO Darren Hall notes that the company expects the fourth quarter to be the strongest quarter of the year and that all-in sustaining costs for the full-year are expected to decrease further.
"With $72.9-million in cash, no debt and unhedged, Calibre is in a strong position to continue to generate significant free cash flow while self-funding growth, exploration and mine development investment," he says.
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