Calibre Mining Corp. (TSE: CXB) (OTMRKTS: CXBMF) achieved four straight years of compliance with the World Gold Council’s Responsible Gold Mining Principles (RGMP).
The company released its 2024 Responsible Gold Mining Principles Conformance Report on Tuesday. The report provides details on the company’s practices over the past year, and shows its commitment to sustainability, transparency and ethical mining.
Calibre has consistently led the integration of the RGMPs across its operations over the past four years. Furthermore, this effort displays the company’s strong social management systems, detailed risk assessments, proactive stakeholder engagement strategies, and human rights due diligence. These achievements set a high standard for industry best practices.
Additionally, Calibre completed a readiness review to ensure it meets the Conflict-Free Gold Standard. This milestone highlights Calibre’s dedication to responsible sourcing and supply chain integrity, strengthening stakeholder confidence.
Darren Hall, Calibre’s CEO and president, reinforced that Calibre’s commitment to responsible mining was a pillar of its sustainability strategy.
“Achieving RGMP conformance for the fourth consecutive year and advancing toward the Conflict-Free Gold Standard reinforces our steadfast dedication to transparency, ethical practices and sustainable development,” said Hall.
Independent verification has also confirmed Calibre’s adherence to the RGMPs. The company has addressed gaps from past assessments with action plans.
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RGMPs promote transparency, sustainability and ethical practices
Hall said Calibre’s progress in responsible mining, noting its recognition by global rating agencies. MSCI recently upgraded the company’s ESG Rating from ‘BBB’ to ‘A,’ reflecting significant strides in sustainability. Since earning a ‘BB’ rating in 2021, Calibre has consistently improved, showcasing the team’s dedication to embedding sustainability in its operations.
“Sustainability is a journey, and we are confident that our continued focus on improvement will drive further enhancements over time,” Hall said.
The Responsible Gold Mining Principles are a set of standards developed by the World Gold Council to guide gold mining companies in achieving responsible practices across environmental, social, and governance (ESG) areas.
These principles aim to promote transparency, sustainability, and ethical practices in the gold mining industry. This also ensures that companies manage the environmental impact of their operations, respect human rights, and contribute positively to local communities.
The RGMPs are put together using a collaborative process involving input from stakeholders. These include mining companies, governments, non-governmental organizations, and other industry experts. The principles cover a wide range of areas, such as corporate governance, responsible sourcing, environmental management, and community engagement.
The World Gold Council expects companies to implement and report on their adherence to these principles regularly. This way they can demonstrate their commitment to sustainability and continuous improvement. Independent third-party audits and reviews are often conducted to verify compliance, ensuring accountability and credibility in the industry.
ESG principles have been integral to Calibre’s success and evolution since its transformation from an explorer to a gold producer in 2019.
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joseph@mugglehead.com
