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Calibre Mining Corp.
8/10/2022
good day and thank you for standing by welcome to the caliber mining corp second quarter 2022 earnings results and conference call at this time all participants are in a listen-only mode after the speaker's presentation there will be a question and answer session to ask a question during the session you will need to press star 1 1 to raise your hand please be advised that today's conference is being recorded i would not like to hand the conference over to your speaker today ryan king Senior VP, Corporate Development and Investor Relations. Please go ahead.
Thank you, Operator. Well, good morning, everyone. Thank you for taking the time to join the call this morning. Before we get started, I'd like to direct everyone to the forward-looking statements on slide two. Our remarks and answers to your questions today may contain forward-looking information about the company's future performance. Although management believes that our forward-looking statements are based on fair and reasonable assumptions, actual results may turn out to be different from these forward-looking statements. For a complete discussion of the risks, uncertainties, and factors which may lead to actual operating and financial results being different from the estimates contained in our forward-looking statements, please refer to our 2021 annual MD&A and AIF available on our website as well as on CDAR. And finally, all figures are in U.S. dollars unless otherwise stated. Present today with me on the call are Darren Hall, President and Chief Executive Officer, David Swett, Senior Vice President and Chief Financial Officer, and Tom Gallo, Senior Vice President, Growth. We will be providing comments on our second quarter and year-to-date results. exploration programs and our outlook for the remainder of 2022, after which we'll be happy to take questions. The slide deck we'll be referencing is available on our website at calibremining.com under the event section. You can also click on the webcast to join the live presentation. And with that, I'll turn the call over to Darren.
Thanks, Ryan. Moving to slide three. Good morning and thank you for taking the time to join us today. I'd like to start by thanking all of our employees and business partners for their continued focus, which resulted in another record production quarter, which pleasingly was led with our safest quarter ever. As of the end of Q2, our year-to-date injury rate is 55% lower than our full year 2021 rate, clearly demonstrating the team's focus on improving performance. The team delivered a record 59,783 ounces for the quarter, for 112,270 ounces year-to-date, positioning us favorably with respect to budget at mid-year. Despite industry-wide inflationary pressures, our year-to-date all-in sustaining cost of 1244 per ounce is favorable to budget and within guidance. With our solid H1 performance and continued increase in grades in Nicaragua, which will support higher production and lower cash costs in H2, we're well-positioned to reaffirm our commitment deliver on full-year 2022 guidance. We have completed 120 of our budgeted 170-kilometer exploration drill programs, which has led to new discoveries and resource growth opportunities. I'm encouraged by the success in Nevada with drilling at Pan and Gold Rock delineating higher grades and potential to expand resources and increase reserves. During the quarter, we announced the exciting discovery at Pantheon North within the LeMond Complex. which coupled with our VTEM results provide us a new understanding of mineralization controls along kilometers of potential strike length. Tom will discuss our exploration progress across the portfolio in more detail shortly. The company is in great financial shape with $92 million in cash and continues to strengthen Treasury after investment into exploration and mine development. And I'll pass it over to David to discuss our second quarter financials.
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