08:08 AM EDT, 07/09/2024 (MT Newswires) -- Calibre Mining ( CXBMF ) said on Tuesday that the fully-funded construction of the Valentine Gold Mine is 73% complete.

Among the highlights, the company reported consolidated quarterly gold production of 58,754 ounces, of which 49,208 ounces in Nicaragua and 9,546 ounces in Nevada.

The company reported consolidated year-to-date gold production of 120,521 ounces. The Nicaragua gold production was 104,215 ounces and the Nevada gold production was 16,306 ounces.

Darren Hall, president and chief executive officer of Calibre, said in a statement that Calibre is on track for a strong second half to deliver a fifth consecutive year of increased annual gold production guidance of 275,000 to 300,000 ounces.

Operational readiness is progressing as planned with pre-commissioning well underway, Hall said, adding that the first gold pour remains scheduled for the second quarter of 2025.

The company will release the second quarter financial results after the close of the market on Aug. 12.