Calibre Mining Clarifies Position on Condor Gold Developments

Calibre Mining Addresses Condor Gold's Recent Announcement

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF), a notable player in the mining industry, has recently made headlines concerning a statement from Condor Gold. The announcement from Condor pertains to the ongoing sale process of Condor's La India gold asset, which has been in motion for a significant period.

Understanding the Situation

For the past two years, Calibre has engaged in discussions with Condor about the potential acquisition of the La India gold asset. This asset is considered to fit well within Calibre's existing Hub & Spoke operational strategy. Despite prior conversations, Calibre Mining has officially stated that it is currently not engaged in any discussions with Condor and does not hold an active offer regarding the La India asset.

Current Status of Discussions

The company has made it clear that unless Condor Gold expresses a willingness to resume meaningful discussions, Calibre does not foresee the completion of any acquisition. This clear stance reflects Calibre Mining’s strategic approach towards acquisitions, emphasizing only pursuing opportunities that align with their operational goals and financial strategies.

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed mid-tier gold producer with a focus on the Americas. The company boasts a robust portfolio of development and exploration projects spreading across various regions, including parts of Canada and Central America. With operations grounded in sustainability and community engagement, Calibre is committed to delivering long-term value to its shareholders and other stakeholders.

Commitment to Sustainable Mining Practices

Calibre places significant emphasis on responsible operations. The company believes in fostering growth not just for the organization but also for local communities impacted by their operations. This commitment to sustainable mining practices is evident throughout their operations in regions like Newfoundland & Labrador, Nevada, Washington, and Nicaragua.

Future Growth Prospects

Calibre Mining continues to seek opportunities to enhance its growth trajectory. With a strong management team at the helm, the company focuses on maintaining a solid balance sheet and generating positive operating cash flow. This financial discipline is paramount as Calibre pursues district-scale exploration avenues and accretive development projects for future success.

Communication and Investor Relations

For those interested in learning more about Calibre Mining or seeking additional information, the company encourages direct communication through its corporate office. Ryan King, SVP of Corporate Development & Investor Relations, is available for inquiries via telephone or email. Additionally, the company maintains various social media platforms to keep stakeholders updated.

Frequently Asked Questions

What prompted Calibre Mining's statement regarding Condor Gold?

Calibre Mining responded to a news release from Condor Gold concerning the sale process of the La India gold asset, clarifying its current position on discussions with Condor.

Is Calibre Mining currently in negotiations to acquire Condor Gold's asset?

No, Calibre Mining has confirmed that it is not engaged in any discussions or negotiations with Condor Gold at this time.

What is the focus of Calibre Mining's operations?

Calibre Mining focuses on responsible gold production in the Americas, with a commitment to sustainability and community engagement across its operations.

How can I contact Calibre Mining for more information?

Interested parties can contact Ryan King, the SVP of Corporate Development & Investor Relations, via telephone or email for further inquiries about the company.

What is the significance of the La India gold asset to Calibre Mining?

The La India gold asset aligns well with Calibre's Hub & Spoke operational strategy, making it a subject of prior discussions. However, without re-engagement, an acquisition is not being pursued.

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