Following a ten-week Covid-19-pandemic-related suspension of operations, Canada-listed Calibre Mining on Wednesday issued a revised 2020 guidance, with the new estimate being 20% less than its original plans.
The miner is now forecasting production of between 110 000 oz and 125 000 oz from its mines in Nicaragua. Before the pandemic, Calibre had planned to produce 140 000 oz to 150 000 oz this year.
“The phased restart of operations continues as planned with enhanced safety and health protocols in place and we anticipate reaching steady-state production levels in July,” said CEO Russell Ball.