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Saturday, Mar 22, 2025
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.
Calibre Mining joins Mining Association of Canada
Calibre Mining joins Mining Association of Canada
Photo via Calibre Mining.

Gold

Calibre Mining joins Mining Association of Canada

Calibre has a robust environmental, social, and governance framework and is already part of the World Gold Council

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) joined the Mining Association of Canada to enhance its best responsible mining practices and actively participate in the association’s Toward Sustainable Mining performance system.

The mid-tier miner announced joining the association on Monday and said it will push towards maintaining high standards in the mining industry.

Last July, the association made it easier for mining companies to stay on top of their environmental and social practices with its Towards Sustainable Mining (TSM) program, which works as a subscription service, allowing companies to publicly report on key sustainability data.

The system is designed to drive performance and accountability in key areas such as environmental and social responsibility.

“We are proud to join the prestigious Mining Association of Canada, a leading advocate for ethical, sustainable and socially responsible mining practices in Canada and across the globe,” Calibre CEO Darren Hall said in a statement.

Calibre has a robust Environmental, Social, and Governance (ESG) framework and in 2020, it joined the World Gold Council to adhere to its responsible mining principles.

“Our membership in MAC reaffirms Calibre’s commitment to transparency, accountability and adherence to the highest standards of environmental and social responsibility by aligning with MAC’s Towards Sustainable Mining initiative,” Hall added.

“Calibre looks forward to actively engaging with the Mining Association of Canada and its fellow members as we work together to shape a responsible and sustainable future for the mining industry.”

Read more: Calibre Mining secures largest undeveloped gold resource in Atlantic Canada through $345M Marathon Gold merger

Read more: Calibre Mining reports record year-to-date earnings in Q3 financials

Calibre’s ESG efforts cover all stages of its operations

Calibre’s environmental, social, and governance efforts cover all stages of its operations from exploration to closure and reclamation.

Since 2019, its  Nicaragua-based Rancho Grande water source protection program has worked together with the Center for an Understanding with Nature (CEN) and the local population to have a water source preservation program.

In its 2022 ESG report, the company reported zero high-risk environmental incidents, notices of violations or fines. At its Pavon project, the company planted approximately 66,000 trees, created 37 hectares of protected wildlife refuge, supported 38 local beekeeping producers and avoided 4.9 tons of mercury for artisanal milling.

Calibre also employed 168 locals, improved access to drinking water for 350 people, repaired 3 kilometres of community roads and improved the infrastructure of four schools.

At the end of November, the miner announced finishing its Safety Time Out Session for the fourth quarter of 2023 at its Nicaraguan operations where it focused on risk management and controls.

The company also conducted several studies to determine the feasibility of a resettlement project in the communities of Cebadilla and Santa Pancha-Pozo 7, in the Limon Mining District. The studies led to Calibre resettling 35 families where 174 individuals benefitted including 55 children.

Read more: Calibre Mining intercepts high-grade gold below Jabali mine, identifies 3 new gold targets

Read more: Calibre Mining outshines expectations with robust Q3 gold production: BMO Capital Markets

The mining association is among the most renowned worldwide

The Mining Association of Canada was formed in 1935 and represents the Canadian mining industry in key areas such as regulatory efficiency, economic competitiveness, climate change, corporate responsibility and Indigenous affairs.

MAC has approximately 48 full members and around 65 associates. The association is led by industry experts working in some of the largest mining companies in the world such as Rio Tinto Group (ASX: RIO) (NYSE: RIO) (LON: RIO), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Teck Resources Limited (TSX: TECK.A and TECK.B) (NYSE: TECK) and Glencore plc (LON: GLEN) among others.

This month, the association announced a partnership with The Copper Mark, the International Council on Mining and Metals (ICMM) and the World Gold Council to come up with a unified global framework and consolidate their unique mining standards.

The partnership will draw on each organization’s strength to establish a practical and implementable global standard that can be applied to any mine operator.

 

Calibre Mining is a sponsor of Mugglehead News coverage

 

natalia@mugglehead.com

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