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Calibre Mining releases 2020 sustainability report

2021-06-23 10:00 ET - News Release

Mr. Darren Hall reports

CALIBRE MINING PUBLISHES INAUGURAL 2020 SUSTAINABILITY REPORT

Calibre Mining Corp. has published its inaugural 2020 sustainability report. The report outlines the company's achievements and progress during 2020 and provides guidance for the company's environmental, social and corporate governance initiatives for 2021.

The report is available on the company's website.

2020 highlights

People

  • The company's workplace: 2,754 employees and contractors, of which 98 per cent are Nicaraguan nationals with 65 per cent from the local communities where it operates;
  • Held 748 transparent and open community engagement meetings;
  • Conducted four public consultations, all resulting in project approval.

Socio-economic benefits

  • Distributed $198.4-million total economic value to the company's host country of Nicaragua through wages and benefits to employees, contracts to suppliers, taxes and community investments.

Health and safety

  • Developed a "one calibre" organizational health and safety culture program;
  • Executed a self-imposed 10-week COVID-19 response shutdown in Q2 2020;
  • Implemented new rigorous health and safety procedures and protocols;
  • Reduced lost time injury frequency rate by 12 per cent compared with full year 2019.

Environment

  • Zero significant environmental incidents, including no notices of violations, fines or sanctions;
  • Established multistakeholder partnership in Rancho Grande for water conservation.

Governance

  • Joined the World Gold Council and working to comply with all responsible gold mining principles;
  • Advancing alignment with the United Nations' sustainable development goals;
  • Integrating and adhering to updated governance and social responsibility policies and procedures.

Darren Hall, president and chief executive officer of Calibre, stated: "I am pleased to introduce our inaugural sustainability report. This is an important milestone for Calibre as we seek to communicate with full transparency our approach to responsible and sustainable mining, ensuring our accountability to all stakeholders by doing what we say, and responsibly delivering on our commitments.

"2020 was a year that saw us change the way we do business to safeguard employees, contractors and host communities from the COVID-19 pandemic.

"Given the rapidly deteriorating global environment at the end of the first quarter, we initiated extensive discussions with government representatives, employees, unions, contractors, and other key stakeholders and decided to temporarily suspend operations at the El Limon and La Libertad mines in April. We resumed operations in mid-May under a comprehensive protocol, aligned with World Health Organization guidelines, which established measures for the health and well-being of our employees and contractors.

"COVID-19 also changed how we engaged with stakeholders, particularly in our host communities, by limiting our ability to meet in person and in large groups. However, we managed to maintain strong relationships and advance several critical projects, including the Pavon project and preliminary consultations for requests for new mining concessions. By the end of 2020, we had held 748 meetings with local and national stakeholders, maintaining a strict adherence to community health and safety protocols.

"Our most significant sustainability focus in 2020 related to an aspect perhaps most critical for our success and one of our core values: ensuring the health and safety of our work force. The unfortunate fatality of one of our contractors in July, 2020, was a failure of the company to send one of our extended family members safely home from work. We strongly believe all incidents are avoidable, and this one was no exception. As a concrete response, we launched a radical change in our approach to occupational health and safety and are now adopting a one calibre risk-based culture, which includes all levels of the work force, as we aspire to zero harm.

"We support the increasing emphasis that all stakeholders, particularly investors, place on ESG issues. To that end, we are aiming to conform fully with the RGMPs within the World Gold Council's three-year timeframe. To prepare for this, we will be conducting a gap analysis in the second half of 2021 to identify those policies, standards and processes that already comply with the RGMPs and those areas that require improvement.

"Sustainability is integral to our vision and our success. I trust you will find in our inaugural sustainability report a comprehensive representation of Calibre's 2020 ESG performance, commitments and strategy for the future. We are proud of our progress to date, and we will strengthen our transparency on an ongoing basis, by improving the quality of our data and demonstrating progress on each of the material issues identified."

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed gold mining and exploration company with two 100-per-cent-owned operating gold mines in Nicaragua. The company is focused on sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon gold project, Calibre has proceeded to integrate its operations into a hub-and-spoke operating philosophy, whereby the company can take advantage of reliable infrastructure, favourable transportation costs, and multiple high-grade mill feed sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.

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