Calibre Exercises Its Right to Buy Back 1% NSR at Its 100% Owned Eastern Borosi Mine
25 April 2023 - 8:00PM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the
"Company" or "Calibre") announces that it is exercising its right
to purchase 50% of the Production Royalty, 1% Net Smelter Return
(“NSR”), for US$2 million from Triple Flag Precious Metals Corp.,
at its 100% owned Eastern Borosi project, thereby reducing the
existing royalty to a 1% NSR.
Darren Hall, President, and Chief
Executive Officer of Calibre stated: “I am pleased with
the progress being made at the Eastern Borosi Mine with the team
being on time and on budget with the start of our high-grade open
pit mining operation. We believe there is excellent potential to
expand resources and make new discoveries that will provide
additional runway for future gold production growth. Based on
demonstrated execution and upside growth potential at Eastern
Borosi, it makes good sense to exercise this right given the
anticipated high return on investment.”
ON BEHALF OF THE BOARD
"Darren Hall"
Darren Hall, President, and Chief Executive
Officer
For further information, please contact:
Ryan KingSenior Vice President, Corporate
Development & IRT: (604)
628-1012E: calibre@calibremining.comW:
www.calibremining.com
About Calibre Mining Corp.
Calibre Mining 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, 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
Information
This 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 (“AIF”) for the year ended
December 31, 2022, and its management discussion and analysis
(“MD&A”) for the year ended December 31, 2022, all available on
the Company’s SEDAR profile at 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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