Calibre Mining Corp.

Calibre Mining Corp. is a Canadian-based mid-tier gold producer focused on sustainable, high-growth operations in the Americas. With a diverse portfolio of gold-producing assets in Nicaragua, Nevada, and Newfoundland, Calibre aims to exceed 500,000 ounces of annual gold production by 2026. Key to Calibre's growth strategy is the Valentine Gold Mine, which is on track to become Atlantic Canada’s largest open-pit gold mine, with initial gold production anticipated in Q2 2025. The project is fully funded and 81% constructed as of Q3 2024, underscoring Calibre’s commitment to strategic capital allocation and operational efficiency.

Through ongoing exploration and strategic expansion initiatives, Calibre has built a robust mineral resource base of over 4 million ounces in measured and indicated gold resources and an additional 1 million ounces inferred across its assets. Calibre is leveraging over 1 million tonnes of annual processing capacity across its mining operations, allowing for flexible, cost-effective expansion. Supported by a management team with extensive experience in mine development, Calibre is well-positioned to achieve sustainable growth and deliver long-term value to its shareholders.

Calibre Mining Corp. is listed on the Toronto Stock Exchange (TSX: CXB) and is committed to environmental, social, and governance (ESG) principles, focusing on safe, responsible mining and impactful community engagement.

Calibre Mining Corp. presents an attractive investment opportunity as it transitions into a leading mid-tier gold producer with a strong portfolio of growth-focused assets across top-tier mining jurisdictions. The company's diverse operations in Nicaragua, Nevada, and Newfoundland provide stability, while new development projects like the Valentine Gold Mine offer significant production upside. Valentine is anticipated to add approximately 195,000 ounces per year once operational in 2025, driving Calibre’s production capacity towards its 500,000-ounce target by 2026.

Calibre’s cost structure is competitive, with projected all-in sustaining costs (AISC) between $1,550 and $1,600 per ounce, allowing it to generate substantial cash flow even in volatile commodity markets. With $215 million in cash reserves, Calibre is well-funded to sustain its exploration and development goals, positioning the company to unlock further mineral resources through its ongoing drilling programs across key projects.

In addition to strong economics, Calibre benefits from established infrastructure, especially in Nicaragua, where over 1 million tonnes of annual processing capacity are available. This infrastructure advantage, combined with strategic exploration investments, provides Calibre with the flexibility to rapidly expand production at low capital intensity. As gold demand continues to grow, Calibre Mining is primed to deliver sustainable shareholder returns through disciplined growth, operational efficiency, and responsible mining practices in the Americas.

Calibre Mining Corp. is led by an experienced management team with deep expertise in gold mining, project development, and corporate finance. At the helm is President and CEO Darren Hall, who brings over 35 years of industry experience, including executive roles at Newmarket Gold and Kirkland Lake Gold, where he led projects from exploration through to production. Darren’s leadership is instrumental in guiding Calibre’s vision for sustainable growth and operational excellence.

The company’s financial strategy is directed by Senior Vice President and CFO John Seaberg, a seasoned executive with over 25 years of resource sector experience, including a track record in financial management, M&A, and capital markets with major mining companies. Under John’s leadership, Calibre is effectively managing its capital structure and growth investments to optimize shareholder returns.

Technical operations are overseen by Ryan King, Senior Vice President of Corporate Development and IR, who brings a strong background in corporate strategy, investor relations, and business development in the mining sector. Ryan is pivotal in advancing Calibre's projects through strategic partnerships and stakeholder engagement. The company’s exploration and resource development are directed by David Schonfeldt, Chief Geologist, whose expertise in resource estimation and project evaluation supports Calibre’s commitment to organic growth through discovery.

Calibre Mining Corp. is executing an aggressive growth strategy focused on expanding its production capacity, advancing new projects, and maximizing existing assets to become a premier mid-tier gold producer. The company’s strategy centers around its flagship Valentine Gold Mine in Newfoundland, which is on track to start production by mid-2025. This project alone is projected to add approximately 195,000 ounces of annual gold production, driving Calibre towards its 500,000-ounce production goal by 2026.

Calibre is committed to organic growth through exploration, with a substantial 170-kilometer drilling program planned for 2024 across high-potential zones in Nicaragua, Nevada, and Newfoundland. In addition to Valentine, Calibre is actively advancing several growth assets, including Gold Rock in Nevada and Eastern Borosi in Nicaragua, to unlock new production and resource potential. Leveraging over 1 million tonnes of existing processing capacity across its mining assets, Calibre has the flexibility to integrate new discoveries with minimal capital expenditure, positioning it for efficient, low-cost expansion.

Calibre’s growth strategy emphasizes environmental, social, and governance (ESG) practices, prioritizing responsible mining and active engagement with local communities. Through this disciplined, sustainable approach to expansion, Calibre is establishing a solid foundation for long-term growth while delivering meaningful economic and social benefits in the regions where it operates.

Calibre Mining Corp. is financially well-positioned to support its ambitious growth trajectory, backed by strong cash reserves, efficient cost management, and substantial existing infrastructure across its operations. As of Q3 2024, Calibre holds $215.8 million in cash and restricted cash, providing a secure capital base to fund ongoing exploration and development projects. The company projects all-in sustaining costs (AISC) between $1,550 and $1,600 per ounce, with total cash costs (TCC) estimated at $1,300–$1,350 per ounce for 2024, ensuring competitive operating costs across market cycles.

Calibre’s flagship Valentine Gold Mine is fully funded and over 80% constructed, requiring no additional capital to reach its anticipated production start in 2025. The project is expected to contribute significantly to Calibre’s annual cash flow, bolstered by low production costs and high-grade resources. Additional growth capital investments of $60–$70 million and exploration expenditures of $40–$45 million for 2024 demonstrate Calibre’s commitment to future resource expansion and production scalability.

With a disciplined financial approach, Calibre leverages its processing capacity and infrastructure—particularly in Nicaragua, where over 1 million tonnes of annual processing capacity provides substantial operational flexibility. This capital-efficient strategy, combined with targeted investments in growth and exploration, positions Calibre to generate sustainable, long-term returns while responsibly advancing its assets in the Americas.

Calibre Mining Corp. is emerging as a leading mid-tier gold producer in the Americas, with a robust portfolio of assets, a solid financial position, and a clear vision for sustainable growth. The company’s flagship Valentine Gold Mine and its expansion projects across Nicaragua, Nevada, and Newfoundland are central to achieving its 500,000-ounce production target by 2026, positioning Calibre to deliver substantial returns and operational scalability.

With a management team that combines deep industry expertise with a commitment to responsible mining, Calibre prioritizes environmental stewardship, community engagement, and low-cost production. The company’s disciplined approach to growth is supported by over $215 million in cash reserves, competitive all-in sustaining costs, and over 1 million tonnes of processing capacity, enabling cost-effective expansion and maximizing shareholder value.

For investors seeking exposure to a growth-oriented gold company with a strong asset base, strategic focus, and dedication to sustainable practices, Calibre Mining Corp. represents a compelling opportunity. As Calibre continues to advance its projects and expand its resource base, it is well-positioned to deliver long-term value and contribute positively to the communities in which it operates.