Calibre Mining Corp (TSE: CXB) (OTCMKTS: CXBMF) (FRA: WCLA) published its fifth annual sustainability report on Monday, showing how it’s mingled its economic performance without sacrificing its values.
President and CEO Darren Hall said in a press release the company’s success is interconnected with the well-being of the communities where it operates.
He also called 2024 a transformative year for Calibre in a Tuesday press release. This relates to the company’s recent actions, which include the development of the Valentine Gold Mine in Newfoundland and the upcoming merger with Equinox Gold Corp (TSE: EQX) (NYSEAMERICAN: EQX) (FRA: 1LRC).
“Our ability to consistently deliver on our commitments is rooted in a disciplined, purpose-driven approach and a culture that embeds sustainability into every aspect of our business,” Hall said. “Sustainability is core to our principles, guiding us in everything we do.”
The company continues to evolve, but with a clear focus on creating lasting value for all stakeholders. It achieves this through transparent engagement, ethical practices, and operational excellence.
Additionally, the company builds strong partnerships with Indigenous groups and invests in local development. It upholds its commitment to free, prior, and informed consent. These efforts help position the company as a trusted and respectful neighbour.
The 2024 Sustainability Report outlines this journey. It highlights key achievements, addresses ongoing challenges, and reaffirms the company’s commitment to mining with purpose.
Where other companies may pay lip service but ultimately fail in their stewardship duties, Calibre has a track record for sustainability.
Calibre has been hard at work advocating for the environment.
Read more: Calibre Mining reports solid Q1 results; receives court approval for Equinox Gold merger
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Calibre has a singular focus on ESG issues
It started this with its first Climate Report on October 28, 2024.
This inaugural report detailed the company’s initiatives to address climate change. These included scenario analyses of climate-related risks and opportunities, and outlined its framework for evaluating risks, setting climate-related goals, and measuring performance.
Calibre also produced 164,355 trees in Nicaragua to support reforestation and carbon sequestration efforts.
Meanwhile, the Artisanal and Small-Scale Miners (ASM) Ore Purchase Program prevented the use of 7.42 tonnes of mercury. The company reported one significant environmental incident. Lessons learned from the event informed enhancements to its management systems.
Calibre has also made significant contributions to internal social responsibility issues.
The company distributed USD$897 million in economic value across its sites. It invested US$4.19 million in community development projects focused on education, health, and infrastructure.
Further, it supported 1,133 direct jobs, with 95 per cent of the workforce made up of national employees. Of those, 82 per cent came from local communities.
In addition, the company reported zero fatalities and reduced its Lost Time Injury Frequency Rate by 22 per cent.
It also experienced no site shutdowns or project delays due to non-technical factors. The communities Calibre is working with had no human rights concerns. The company also resolved 93 per cent of community grievances.
Additionally, the company recorded no significant instances of non-compliance with laws or regulations. In connection, the company performed a Human Rights Impact Assessment at the Eastern Borosi Mine, ensuring 100 per cent of its Nicaraguan operations were assessed within the past three years.
Calibre also marked its fourth year of conformance with the World Gold Council’s Responsible Gold Mining Principles.
Company shares have risen 60%
The company generated USD$586 million in revenue, driven by strong operational performance across all sites. Correspondingly, this culminated in a 60 per cent increase in share price. This development demonstrates strong investor confidence and a focus on value creation.
Meanwhile, the company advanced construction of the Valentine Gold Mine, with first gold production expected in Q3 2025.
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