Calibre Mining Unveils 2024 Sustainability Report Commitment
Calibre Mining Corp. Releases Important Sustainability Report
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has proudly published its fifth annual Sustainability Report, emphasizing a commitment to responsible mining and sustainable growth. The report showcases significant economic performance and the company's dedication to ethical practices.
Highlights of the 2024 Sustainability Report
Darren Hall, President and CEO of Calibre, expressed that 2024 represented a transformative year for the company. He stated, "This year saw us not only achieving strong operational results but also laying a firm foundation for future growth, especially with the development of the Valentine Gold Mine in Central Newfoundland and our merger with Equinox Gold. Sustainability remains at the forefront of our strategy, guiding our business practices to ensure we deliver lasting value to our stakeholders through transparency and operational excellence."
Community Engagement and Responsibility
Calibre recognizes that its success is closely tied to the communities in which it operates. The company actively collaborates with Indigenous groups and invests in local projects that promote education, health, and infrastructure. This report reflects Calibre’s journey in building trust and fostering community relationships while achieving mining goals.
Environmental Stewardship Initiatives
Calibre is making strides in environmental stewardship, as detailed in their recent sustainability efforts. Key achievements include:
- The publication of their first Climate Report, which includes a comprehensive analysis of climate-related risks and opportunities.
- Initiatives that resulted in the planting of 164,355 trees for reforestation and improved carbon sequestration efforts in Nicaragua.
- Successful prevention of 7.42 tonnes of mercury emissions through the Artisanal and Small-scale Miners (ASM) Ore Purchase Program.
- A review of environmental incidents that led to enhanced management and operational systems.
Social and Economic Contributions
Understanding the significance of social responsibility, Calibre reported remarkable contributions to the economic growth of local communities:
- Distributed US$897 million in economic value across all operational sites.
- Invested US$4.19 million in community development projects tailored to the needs of educational, health, and infrastructure improvements.
- Created 1,133 direct job opportunities, with an impressive 95% of the workforce being national employees, 82% of whom hail from local communities.
- Achieved a notable reduction in injury rates, witnessing zero fatalities and a 22% reduction in the Lost Time Injury Frequency Rate, now standing at 0.21.
Commitment to Governance and Ethical Practices
Calibre Mining emphasizes governance and ethical operations as core to its sustainability practices. The company has recorded:
- No significant instances of legal or regulatory non-compliance.
- A comprehensive Human Rights Impact Assessment conducted at the Eastern Borosi Mine, assuring alignment with industry best practices.
- A sustained commitment to the World Gold Council’s Responsible Gold Mining Principles for four consecutive years.
- Improved ESG risk ratings, with MSCI ESG upgrades to "A" and a Sustainalytics score of 29.0 reflecting medium risk.
Financial Performance and Investor Confidence
In terms of financials, Calibre Mining achieved impressive results:
- Generated US$586 million in revenue, fueled by strong performance across all operational fronts.
- Experienced a remarkable 60% uptick in share price, showcasing increasing investor confidence and a robust value proposition.
- Continued development of the Valentine Gold Mine, with the first gold production expected soon.
- Pursued a merger with Equinox Gold, a transformative move that positions Calibre as Canada’s second-largest gold producer with enhanced growth opportunities.
Future Outlook and Commitment to Transparency
The 2024 Sustainability Report was crafted in line with notable standards set by leading global bodies, affirming Calibre's commitment to transparent reporting. The company will file its 2024 Bill S-211 Report as mandated by Canadian legislation, further enhancing their accountability.
Ultimately, Calibre Mining Corp. remains focused on growth while ensuring they act responsibly towards the environments and communities they touch. For additional information relating to their sustainability practices, stakeholders can visit Calibre’s official website.
Frequently Asked Questions
What is Calibre Mining's latest sustainability report about?
The report highlights the company's economic performance, responsible practices, and key initiatives in sustainability and community engagement.
How does Calibre Mining contribute to the communities it operates in?
Calibre invests in local development projects, supports jobs, and collaborates with Indigenous groups to foster positive relationships.
What environmental initiatives has Calibre Mining undertaken?
Efforts include reforestation projects, climate risk analysis, and mercury emission prevention through their ASM Ore Purchase Program.
What financial achievements did Calibre report recently?
The company reported US$586 million in revenue and a 60% increase in share price, reflecting robust investor confidence.
How does Calibre ensure responsible governance?
Calibre conducts assessments for human rights impacts, adheres to responsible mining principles, and maintains compliance with regulations.
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