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Investegate |Calibre Mining Corp Announcements | Calibre Mining Corp : Calibre Exceeds High End of 2020 Production Guidance With 136,009 Ounces and Beats Low End of All-in Sustaining Cost[1] Guidance at $1,043 Per Ounce

Limon: Q4 2020 Total mine production consisted of 219,428 ore tonnes at an average grade of 4.28 g/t gold. The majority of the mine production originated from the Limon Central (173,651 tonnes at an average grade of 4.51 g/t gold), the Santa Pancha underground mine (29,559 tonnes at an average grade of 3.11 g/t gold), with the remaining tonnes mined from Veta Nueva. Effective June 1, 2020, the Company considers Limon Central Phase 2 to be in commercial production and defers stripping waste material above the average life of mine waste : ore strip ratio. Limon produced 19,006 ounces driven by an average mill grade of 5.48 g/t gold and recovery of 89.5% from 120,109 tonnes of ore milled. Gold production in Q4 2019 was 15,440 ounces, slightly lower when compared to Q4 2020, as a result of higher tonnes processed from operating for 3 months (in Q4 2020) compared to 2½ months in Q4 2019. AISC

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