Strong free cash flow generation to fully fund organic growth initiatives.Strong balance sheet with $96M in cash and zero bank debt (as at September 30, 2021).Supported by a mineral resource base of 4.4 Mozs measured and indicated and 3.1 Mozs inferred.Nevada gold production of 50,000 ozs per year at the Pan Mine 1.Creates a diversified, Americas-focused, growing mid-tier gold producer with targeted annual gold production of approximately 245,000 ozs and AISC of $1,020 per ounce 1.Key highlights following completion of the Transaction include: This growth strategy will be supported by a strong balance sheet with a combined cash balance of $96 million and no bank debt (as at September 30, 2021).Ĭalibre will be acquiring a 100% interest in Fiore's operating Pan Gold Mine ("Pan Mine"), the adjacent advanced-stage Gold Rock Project ("Gold Rock") and the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project in Washington State.Īll amounts are in United States dollars unless otherwise indicated. The combined company will have comprehensive technical capabilities to exploit a pipeline of development and exploration opportunities across a broader portfolio. The Transaction will create a diversified, Americas-focused, growing mid-tier gold producer with targeted annual gold production of approximately 245,000 ozs 1. (TSXV: F) (OTCQB: FIOGF) ("Fiore") are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") whereby Calibre will acquire all of the issued and outstanding common shares of Fiore pursuant to a court-approved plan of arrangement (the "Transaction"). (TSX: CXB) (OTCQX: CXBMF) ("Calibre" or the "Company") and Fiore Gold Ltd.
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