Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF)
(“Calibre” or the “Company”) is pleased to announce the publication
of its 2022 Sustainability Report (“the Report”). The Report
outlines Calibre’s 2022 progress and achievements, provides
guidance for the Company’s Environmental, Social and Governance
(“ESG”) performance, and underscores Calibre’s unwavering
commitment to transparency, accountability and responsible business
practices.
Calibre acknowledges that incorporating
sustainability into its business strategy is essential to our
long-term success. In 2022, the Company saw record production for
the third consecutive year. Calibre’s increasing focus on
sustainability practices and robust ESG performance ensures that
such accomplishments are achieved in ways that are ethical,
transparent, accountable, and respectful of the rights of
others.
Darren Hall, President and Chief
Executive Officer, stated: “At Calibre, we recognize our
responsibility to conduct operations in a manner that is both
sustainable and socially conscious. Our commitment to transparency,
accountability and responsible practices is a core value and is
fundamental to our business model. We believe that by publishing
this report, we can provide our stakeholders with a clear
understanding of our focus on sustainability and the positive
impacts we strive to achieve.
Key among our responsible practices are those
seeking to ensure that our activities support and promote human
rights and do not contribute to conflict. In 2022, Calibre engaged
an expert third-party consulting firm to conduct a human rights
impact assessment of our operations in Nicaragua, applying a
methodology aligned with the United Nations Guiding Principles on
Business and Human Rights and the Danish Institute for Human Rights
HRIA Guidance, with no significant negative findings. A management
plan was developed to address recommendations on the most salient
risks, to ensure that our business activities do not directly
cause, and avoid complicity with, any human rights abuses.
Calibre will continue to apply robust due
diligence practices throughout our supply chain, seeking to
identify and address any potential risks associated with human
rights violations or conflicts, and to prevent or mitigate any
adverse effects on local communities and the environment. The way
we do business –with accountability and traceability from
exploration through production and sales– will continue to ensure
that Calibre produces properly sourced and mined gold.”
2022 HIGHLIGHTS
Environment
- Zero high-risk reportable
environmental incidents
- 77% water recycled, compared to 46%
in 2021
- 59% of waste recycled, compared to
37% in 2021
- 156,600 trees planted in 2022, and
over a million trees planted since 2010 in Nicaragua to contribute
to nationwide reforestation campaigns
- Zero market-based Scope 2 emissions
in Nicaragua: 100% of electricity from grid is I-REC certified
clean energy.
Social
- Zero significant fines, violations
or incidents related to employment practices, health and safety,
workplace disruptions or non-technical delays during the reporting
period
- 96% national employees, of whom 78%
are from communities adjacent to, or near, our operations
- 2022 LTIFR of 0.29, a reduction of
43% compared to 2021 (0.51)
- US$387M in economic value
distributed, a 35% increase from 2021 (US$286M)
- Community-led development plan
designed for Riscos de Oro
Governance
- Zero substantiated cases of human
rights violations and zero significant instances of non-compliance
with laws and regulations
- Zero substantiated incidents of
supplier corruption
- Human Rights Impact Assessment
conducted for all our Nicaraguan assets, with no significant
findings
- 88% (245/277) of all Calibre
security personnel received formal training on the Voluntary
Principles on Security and Human Rights (VPSHRs)
- Year-Two Progress Report on
implementation of the World Gold Council’s Responsible Gold Mining
Principles published and externally assured (found here)
Petri Salopera, VP Sustainability,
stated: “In an ever-changing context, industries from all
sectors must approach ESG in a way that is transparent, consistent,
dynamic, innovative, and future-focused, all while continuing to
support human progress without negatively affecting the
environment. At Calibre, our aspiration for the future is to see a
mining industry that transforms lives and ecosystems for the better
as we play an active role in positive change.”
Calibre’s 2022 Sustainability Report has been
prepared in accordance with the Global Reporting Initiative (“GRI”)
Standards and the related GRI G4 Mining and Metals Supplement, the
Value Reporting Foundation’s Sustainability Accounting Standards
Board 2021 Metals & Mining Industry Standards, and the Mining
Local Procurement Reporting Mechanism.
The acquisition of Fiore Gold in January 2022
expanded Calibre’s operating portfolio, as well as its
sustainability contributions, impacts and responsibilities. To
maintain a high standard of reporting and ensure that Calibre’s
full scope is covered, the Company expanded the boundaries of its
reporting to include legacy Fiore Gold production projects.
The Report can be found here and on the Company
website at www.calibremining.com.
In addition to the Sustainability Report, Darren
Hall and Petri Salopera conducted interviews regarding Calibre’s
commitment to a robust ESG program. Please view their interviews
found here on the Company website in both English and Spanish.
ON BEHALF OF THE BOARD
“Darren Hall”
Darren HallPresident and Chief Executive Officer
For further information, please contact:
Ryan KingSenior Vice President, Corporate
Development & IRT: 604.628.1010E: calibre@calibremining.comW:
www.calibremining.com
About Calibre Mining Corp.
Calibre is a Canadian-listed, Americas focused,
growing mid-tier gold producer with a strong pipeline of
development and exploration opportunities across Nevada and
Washington in the USA, and Nicaragua. Calibre is focused on
delivering sustainable value for shareholders, local communities
and all stakeholders through responsible operations and a
disciplined approach to growth. With a strong balance sheet, a
proven management team, strong operating cash flow, accretive
development projects and district-scale exploration opportunities
Calibre will unlock significant value.
Cautionary Note Regarding Forward
Looking Information
This news release includes certain
“forward-looking information” and “forward-looking statements”
(collectively “forward-looking statements”) within the meaning of
applicable Canadian securities legislation. All statements in this
news release that address events or developments that we expect to
occur in the future are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
identified by words such as "expect", "plan", "anticipate",
"project", "target", "potential", "schedule", "forecast", "budget",
"estimate", "intend" or "believe" and similar expressions or their
negative connotations, or that events or conditions "will",
"would", "may", "could", "should" or "might" occur. Forward-looking
statements necessarily involve assumptions, risks, and
uncertainties, certain of which are beyond Calibre’s control. For a
listing of risk factors applicable to the Company, please refer to
Calibre’s annual information form for the year ended December 31,
2022, and its management discussion and analysis (“MD&A”) for
the year ended December 31, 2022 all available on the Company’s
SEDAR profile at www.sedar.com. This list is not exhaustive of the
factors that may affect Calibre’s forward-looking statements such
as potential sanctions implemented as a result of the United States
Executive Order 13851 dated October 24, 2022.
Calibre’s forward-looking statements are based
on the applicable assumptions and factors management considers
reasonable as of the date hereof, based on the information
available to management at such time. Calibre does not assume any
obligation to update forward-looking statements if circumstances or
management’s beliefs, expectations or opinions should change other
than as required by applicable securities laws. There can be no
assurance that forward-looking statements will prove to be
accurate, and actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements. Accordingly, undue reliance should not
be placed on forward-looking statements.
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