Gold production in the fourth quarter was 75,482 oz., including 64,963 oz. from Nicaragua and 10,519 oz. from Nevada.
By Dec. 31, the company had cash of $86 million, for a 52% increase over end of year 2022. This is despite a C$40 million investment in Marathon Gold, which Calibre acquired in November 2023.
“The recently announced combination of Calibre and Marathon Gold is a transformational transaction for Calibre and puts the company in an exciting position,” Calibre’s CEO Darren Hall commented, adding that the merger would create an Americas-focused, high-growth mid-tier gold company.
The acquisition of Marathon adds the Valentine gold project in central Newfoundland to Calibre’s portfolio. The project represents an open pit mining and conventional milling operation with annual production of 195,000 oz. for 12 years within a 14.3-year mine life. Construction is already underway, with first pour targeted for…
