Calibre Mining Non-GAAP EPS of $0.01, revenue of $131.89M beats by $3.8M

May 15, 2024

Calibre Mining press release (OTCQX:CXBMF): Q1 Non-GAAP EPS of $0.01.
Revenue of $131.89M (+3.9% Y/Y) beats by $3.8M.
Gold sales of 61,778 ounces grossing $129.2 million in revenue at an average realized gold price of $2,092/oz;
Consolidated Total Cash Costs of $1,337/oz; Nicaragua $1,316/oz and Nevada $1,512/oz;
Consolidated All-In Sustaining Costs of $1,555/oz; Nicaragua $1,471/oz & Nevada $1,576/oz;
Generated $45.8 million in cash flow from operations, and;
Cash on hand of approximately $144 million as of April 30, 2024.
Guidance: Calibre’s 2024 guidance reflects, what is expected to be, the fifth consecutive year of annual production growth. Given its proven track record, Calibre will continue to reinvest into exploration and growth with over 130,000 metres of drilling and development of new satellite deposits across its asset portfolio. The Company has guided slightly higher AISC and significantly lower growth capital (excluding Valentine mine capital investment). Net total spend in 2024 is expected to be similar to that of 2023 which generated strong operating cash flow at an average realized gold price of $1,942 per ounce. Our exploration spend is marginally higher than 2023, reflecting the additional US$5 – $10 million investment at Valentine.