Calibre Mining Corp (CXB)

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NEWS: Calibre Reports Strong First Quarter Gold Production; Cash On Hand at Quarter End Increases by 30% to $43 Million

April 16, 2020

VANCOUVER, British Columbia, April 16, 2020 (GLOBE NEWSWIRE) – Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) today announced operating results for the three months ended March 31, 2020 and cash on hand at quarter end (all amounts in United States dollars).

Q1 2020 Highlights:

Production of 42,085 ounces of gold
Limon mill production of 20,636 ounces
Libertad mill production of 21,449 ounces

Cash on hand at quarter end of $43 million
Represents a $10 million increase from December 31, 2019
Deferred $15.5 million purchase price obligations due to B2Gold from October 15, 2020 to April 15, 2021, providing significant financial flexibility

Positive resource expansion drilling from
Limon Norte (including 18.65 g/t Au over 5.1 metres)
Panteon (including 17.77 g/t Au over 10.8 metres)

Execution of Borosi Earn-in Agreement and Nicaraguan Exploration Alliance Agreement with Rio Tinto Exploration
https://calibremining.com/news/calibre-reports-strong-first-quarter-gold-producti-1327/