Calibre Mining Corp (TSX: CXB) (OTCQX: CXBMF) was recognized this week for exemplary safety at Newfoundland’s Valentine gold operation throughout last year. The company reported zero injuries.
The Canadian Institute for Mining, Metallurgy and Petroleum (CIM) just presented Calibre with its 2023 John T. Ryan National Safety Trophy for Select Mines. It is given to companies that help improve the mining industry’s safety record.
The CIM is a leading non-profit technical society dedicated to the domestic minerals and materials industries. Ryan, who passed away in 1941, is known for his instrumental role in establishing coal mine safety practices during the early 20th century.
“Well done!” Calibre President Darren Hall said. “Achieving zero injuries requires a comprehensive approach that encompasses stringent safety protocols, training programs and constant vigilance.”
Mosaic Co. (NYSE: MOS), which was honoured for safety at its Belle Plaine potash mine in Saskatchewan; and the North American Construction Group, recognized for outstanding safety practices at its Syncrude Aurora mine in Alberta, were the other recipients.
The @CIMorg awarded our Belle Plaine facility the John T. Ryan National Safety Trophy for Select Mines! Belle Plaine received this honour for its safety performance in 2023, with 1,165,949 hours worked and a reportable injury rate of zero! #Sask #Saskatchewan #potash #WeAreMosiac pic.twitter.com/8T5yBtxmhE
— Mosaic-Canada (@mosaicincanada) May 13, 2024
Read more: Calibre Mining pulls high value gold and silver in Nicaragua
Read more: Calibre Mining remains on track to deliver on its 2024 guidance of between 275-300K ounces
Calibre to provide update on Valentine
The gold producer will host a conference call on May 15 to discuss its ongoing progress in Newfoundland and first-quarter financial results. Initial gold production at Valentine is expected before July next year.
Once that has been achieved, the mine will produce about 195,000 gold ounces annually for 12 years. It will employ over 500 people.
Calibre expects to generate between 275,000 to 300,000 ounces this year from its producing assets in Nicaragua and Nevada. About C$27.5 million will be spent on exploration throughout 2024.
The company closed a C$115 million private placement last month to help fund its activities. As of April, Calibre had a cash balance of C$86 million.
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