- Calibre Mining yesterday announced record consolidated quarterly gold production of 65,750 ounces in Q1 2023, up 27% compared to Q1 2022 and above budget at the end of the quarter.
Total cash costs and all-in sustaining costs for Q1 2023 were $1,164 per ounce and $1,302 per ounce respectively, higher than the previous period and in line with expectations. Calibre noted that its record Q1 2023 gold sales of 65,770 ounces generated $126.9 million in revenue at an average realized gold price of $1,891/oz.
President and CEO Darren Hall stated, “Calibre had an excellent start to the year, responsibly delivering record gold production of 65,750 ounces. During the quarter we continued to solidify our position as a growing mid-tier gold producer, expanding our hub and spoke operating strategy to include the new high-grade open pit mine at Pavon Central. During Q2 we began mining at our new Eastern Borosi open pit and expect initial deliveries to Libertad in Q2.
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