Calibre Provides Update and Confirms no Material Impact on Operations
October 27 2022 - 6:30AM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF)
(“Calibre” or the “Company”) is pleased to announce that,
further to its press release dated October 25, 2022, following
discussions with its advisors relating to the sanctions imposed on
the Nicaraguan General Directorate of Mines by the United States
Treasury Department on October 24, 2022 (the “Sanctions”) and an
internal review of its current and future planned operations, the
Company confirms that the Sanctions do not have a material impact
on its Nicaraguan operations. The Libertad and Limon complexes are
operating to plan, and the Company is on track to meet our 2022
consolidated annual production guidance of 220,000 – 235,000 ounces
gold.
Calibre reiterates its commitment to its assets
in Nicaragua, and particularly to its employees and host
communities. Calibre operates these assets in a way that is
protective of people, respectful of cultural heritage and that
contributes to economic development, while acting as a steward of
the natural environment. The Company will continue to strive
to deliver sustainable value for all stakeholders through
responsible operations and a disciplined approach to growth.
Calibre will continue to monitor its operations
with the assistance of its advisors to ensure that the Company
continues to comply with all relevant laws and regulations,
including any sanctions that may result from Executive Order 13851,
as well as international standards and best practices.
ON BEHALF OF THE
BOARD
“Darren Hall”
Darren Hall, President & Chief Executive
Officer
For further information, please contact:
Ryan King Senior Vice President, Corporate
Development & Investor Relations T: 604.628.1010 E:
calibre@calibremining.comW: www.calibremining.com
About Calibre Mining
Corp.Calibre is a Canadian-listed, Americas focused,
growing mid-tier gold producer with a strong pipeline of
development and exploration opportunities across Nevada and
Washington in the USA, and Nicaragua. Calibre is focused on
delivering sustainable value for shareholders, local communities
and all stakeholders through responsible operations and a
disciplined approach to growth. With a strong balance sheet, no
debt, a proven management team, strong operating cash flow,
accretive development projects and district-scale exploration
opportunities Calibre will unlock significant value.
Cautionary Note Regarding Forward
Looking InformationThis news release includes certain
“forward-looking information” and “forward-looking statements”
(collectively “forward-looking statements”) within the meaning of
applicable Canadian securities legislation. All statements in this
news release that address events or developments that we expect to
occur in the future are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
identified by words such as "expect", "plan", "anticipate",
"project", "target", "potential", "schedule", "forecast", "budget",
"estimate", "intend" or "believe" and similar expressions or their
negative connotations, or that events or conditions "will",
"would", "may", "could", "should" or "might" occur.
Forward-looking statements necessarily involve assumptions, risks,
and uncertainties, certain of which are beyond Calibre’s control.
For a listing of risk factors applicable to the Company, please
refer to Calibre’s annual information form for the year ended
December 31, 2021, available on www.sedar.com. This list is not
exhaustive of the factors that may affect Calibre’s forward-looking
statements such as potential sanctions implemented as a result of
the United States Executive Order 13851 dated October 24, 2022.
Calibre’s forward-looking statements are based
on the applicable assumptions and factors management considers
reasonable as of the date hereof, based on the information
available to management at such time. Calibre does not assume any
obligation to update forward-looking statements if circumstances or
management’s beliefs, expectations or opinions should change other
than as required by applicable securities laws. There can be no
assurance that forward-looking statements will prove to be
accurate, and actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements. Accordingly, undue reliance should not
be placed on forward-looking statements.
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