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Calibre Mining Corp (2)
Symbol CXB
Shares Issued 339,470,645
Close 2021-10-15 C$ 1.70
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Calibre Mining appoints Gallo as senior VP of growth

2021-10-18 09:49 ET - News Release

Mr. Darren Hall reports

CALIBRE MINING APPOINTS TOM GALLO AS SENIOR VICE PRESIDENT, GROWTH

Calibre Mining Corp. has appointed Thomas Gallo as senior vice-president of growth effective immediately.

Darren Hall, president and chief executive officer of Calibre, stated: "I am very pleased to welcome Tom Gallo to the Calibre executive team as SVP -- growth. Tom's strong capital markets and technical background as a lead precious metal research analyst at Canaccord Genuity is a skillset that will be a valuable addition to our leadership team as we accelerate our growth strategies. Considering our 'hub-and-spoke' execution, 50 per cent surplus capacity at our Libertad mill, significant exploration growth potential, strong treasury and no debt, Tom is a great addition to the team. Together we will continue to grow the business, via accretive acquisitions, into a multiasset, multijurisdictional quality mid-tier gold producer."

Mr. Gallo, SVP of growth for Calibre, stated: "When I was presented with an opportunity to join Calibre Mining at such a pivotal time, I was excited. In my view, the company presents investors with a unique combination of strong fundamental value and dynamic growth potential. Management's operating track record coupled with latent installed milling capacity and underexplored ground in prolific gold camps give this group a great foundation on which to grow. As an analyst, Calibre was a top pick for these reasons, and I look forward to working with the team in delivering value to shareholders."

Most recently Mr. Gallo was vice-president of equity research at Canaccord Genuity where he covered high-quality mining companies in the precious metal sector. In 2020 Mr. Gallo was ranked in the top five Canadian equity analysts by TipRanks Market Research where, on average, his analyst recommendations returned 24.4 per cent over the year and a success rate of 74.6 per cent. Prior to becoming a top ranked mining analyst, Mr. Gallo worked with St. Andrews Goldfields, now Kirkland Lake Gold, where he held various roles in the geology group focusing on near mine exploration, resource estimation and production primarily at the Holt/Holloway mines. Mr. Gallo holds a bachelor of science degree from the University of Western Ontario.

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed international gold mining and exploration company with three 100-per-cent-owned operating gold mines and strong exploration assets located in highly prospective gold regions across Nicaragua. The company is focused on unlocking resources and generating value through sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon gold project, Calibre has proceeded to integrate its operations into a hub-and-spoke operating philosophy whereby the company can take advantage of reliable infrastructure, favourable transportation costs and multiple high-grade ore sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.

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