Calibre (TSX: CXB)
Reported that on May 25, 2024, a geotechnical incident occurred on the west wall of the Limon Norte Open Pit in Nicaragua.
A change in Limon Norte Open Pit mine sequencing will be required which will negatively impact Q2 2024 gold production.
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| Calibre Mining | TSX: CXB |
| Stage | Production, development, exploration |
| Metals | Gold |
| Market cap | C$1.5 Billion @ C$1.92 |
| Location | Canada, Nicaragua, USA |
| Website | www.calibremining.com |
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CALIBRE REPORTS PARTIAL SLOPE MOVEMENT AT THE LIMON NORTE OPEN PIT; FULL YEAR PRODUCTION GUIDANCE MAINTAINED
VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) — Calibre (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) reports that on May 25, 2024, a geotechnical incident occurred on the west wall of the Limon Norte Open Pit in Nicaragua.
The pit wall movement did not impact personnel or equipment, however a change in Limon Norte Open Pit mine sequencing will be required which will negatively impact Q2 2024 gold production. All other open pit and underground operations at Limon are unaffected.
The Company currently anticipates Q2 2024 consolidated production to be between 55,000 to 60,000 ounces. With higher-grade ore prioritized in Q3 and Q4 our full-year consolidated production guidance remains unchanged at 275,000 to 300,000 ounces.
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To View Calibre Mining’s historical news, please click here
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To read the full news release please click HERE
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Disclosure
At the time of writing the author holds shares in Calibre Mining.
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