Calibre Releases 2024 Sustainability Report, Reaffirming Commitment to Responsible Growth and Stakeholder Value
Calibre Mining (CXBMF) has released its fifth annual Sustainability Report for 2024, showcasing strong operational and sustainability performance. The company generated US$586 million in revenue and achieved a 60% increase in share price. Key highlights include producing 164,355 trees for reforestation, distributing US$897 million in economic value, and maintaining a 95% national workforce. The company reported zero fatalities and a 22% reduction in Lost Time Injury Rate to 0.21.
Environmental initiatives included preventing 7.42 tonnes of mercury use through the ASM Ore Purchase Program. The company invested US$4.19 million in community development projects. Calibre's ESG performance improved with an MSCI ESG rating upgrade to "A" and a Sustainalytics score of 29.0. The company is advancing the Valentine Gold Mine construction, with first gold production expected in Q3 2025, and announced a merger with Equinox Gold.
Calibre Mining (CXBMF) ha pubblicato il suo quinto Rapporto annuale sulla Sostenibilità per il 2024, evidenziando solide performance operative e di sostenibilità. L'azienda ha generato 586 milioni di dollari USA di ricavi e registrato un aumento del 60% nel prezzo delle azioni. Tra i principali risultati, ha prodotto 164.355 alberi per la riforestazione, distribuito un valore economico di 897 milioni di dollari USA e mantenuto una forza lavoro composta al 95% da personale nazionale. Non sono stati registrati decessi e il tasso di infortuni con perdita di tempo è diminuito del 22%, scendendo a 0,21.
Le iniziative ambientali hanno incluso la prevenzione dell'uso di 7,42 tonnellate di mercurio grazie al Programma di Acquisto Minerale ASM. L'azienda ha investito 4,19 milioni di dollari USA in progetti di sviluppo comunitario. La performance ESG di Calibre è migliorata con l'upgrade della valutazione MSCI ESG a "A" e un punteggio Sustainalytics di 29,0. Prosegue la costruzione della Valentine Gold Mine, con la prima produzione d'oro prevista per il terzo trimestre del 2025, e l'azienda ha annunciato una fusione con Equinox Gold.
Calibre Mining (CXBMF) ha publicado su quinto Informe anual de Sostenibilidad para 2024, mostrando un sólido desempeño operativo y en sostenibilidad. La compañía generó 586 millones de dólares estadounidenses en ingresos y logró un aumento del 60% en el precio de sus acciones. Entre los aspectos destacados se encuentran la producción de 164,355 árboles para reforestación, la distribución de un valor económico de 897 millones de dólares estadounidenses y mantener una plantilla laboral nacional al 95%. La empresa reportó cero fatalidades y una reducción del 22% en la tasa de lesiones con tiempo perdido, alcanzando 0.21.
Las iniciativas ambientales incluyeron la prevención del uso de 7.42 toneladas de mercurio a través del Programa de Compra de Mineral ASM. La compañía invirtió 4.19 millones de dólares estadounidenses en proyectos de desarrollo comunitario. El desempeño ESG de Calibre mejoró con una actualización en la calificación MSCI ESG a "A" y una puntuación Sustainalytics de 29.0. La construcción de la mina Valentine Gold avanza, con la primera producción de oro prevista para el tercer trimestre de 2025, y se anunció una fusión con Equinox Gold.
Calibre Mining (CXBMF)는 2024년 다섯 번째 연례 지속 가능성 보고서를 발표하며 강력한 운영 및 지속 가능성 성과를 선보였습니다. 회사는 5억 8,600만 달러의 수익을 창출하고 주가가 60% 상승했습니다. 주요 성과로는 164,355그루의 나무를 재조림용으로 생산하고, 8억 9,700만 달러의 경제적 가치를 분배했으며, 95%의 국내 인력 비율을 유지했습니다. 사망자는 없었고, 업무상 손실 시간 부상률은 22% 감소하여 0.21을 기록했습니다.
환경 이니셔티브로는 ASM 광석 구매 프로그램을 통해 7.42톤의 수은 사용을 방지했습니다. 회사는 419만 달러를 지역사회 개발 프로젝트에 투자했습니다. Calibre의 ESG 성과는 MSCI ESG 등급이 "A"로 상향 조정되고 Sustainalytics 점수는 29.0으로 개선되었습니다. Valentine 금광 건설이 진행 중이며, 첫 금 생산은 2025년 3분기로 예상되며, Equinox Gold와의 합병도 발표했습니다.
Calibre Mining (CXBMF) a publié son cinquième rapport annuel de durabilité pour 2024, mettant en avant de solides performances opérationnelles et en matière de durabilité. La société a généré 586 millions de dollars US de revenus et enregistré une hausse de 60 % du cours de son action. Parmi les points clés, la production de 164 355 arbres pour la reforestation, la distribution d’une valeur économique de 897 millions de dollars US et le maintien d’une main-d’œuvre nationale à 95 %. L’entreprise a déclaré zéro décès et une réduction de 22 % du taux de blessures avec arrêt de travail, qui est passé à 0,21.
Les initiatives environnementales ont permis d’éviter l’utilisation de 7,42 tonnes de mercure grâce au programme d’achat de minerai ASM. La société a investi 4,19 millions de dollars US dans des projets de développement communautaire. La performance ESG de Calibre s’est améliorée avec une note MSCI ESG portée à "A" et un score Sustainalytics de 29,0. La construction de la mine d’or Valentine progresse, avec une première production d’or prévue au troisième trimestre 2025, et une fusion avec Equinox Gold a été annoncée.
Calibre Mining (CXBMF) hat seinen fünften jährlichen Nachhaltigkeitsbericht für 2024 veröffentlicht und dabei eine starke operative und nachhaltige Leistung präsentiert. Das Unternehmen erzielte einen Umsatz von 586 Millionen US-Dollar und verzeichnete einen Aktienkursanstieg von 60%. Zu den wichtigsten Highlights gehören die Produktion von 164.355 Bäumen zur Wiederaufforstung, die Verteilung von 897 Millionen US-Dollar an wirtschaftlichem Wert und die Aufrechterhaltung einer 95%igen nationalen Belegschaft. Es wurden keine Todesfälle gemeldet und die Rate der Arbeitsunfälle mit Ausfallzeit wurde um 22% auf 0,21 gesenkt.
Umweltinitiativen umfassten die Verhinderung des Einsatzes von 7,42 Tonnen Quecksilber durch das ASM-Erzkaufprogramm. Das Unternehmen investierte 4,19 Millionen US-Dollar in Gemeindeentwicklungsprojekte. Die ESG-Leistung von Calibre verbesserte sich mit einer MSCI-ESG-Bewertung von "A" und einem Sustainalytics-Score von 29,0. Der Bau der Valentine Gold Mine schreitet voran, mit der ersten Goldproduktion im dritten Quartal 2025, und eine Fusion mit Equinox Gold wurde angekündigt.
- 60% increase in share price, indicating strong investor confidence
- US$586 million in revenue generated from strong operational performance
- US$897 million distributed in economic value across sites
- 22% reduction in Lost Time Injury Frequency Rate to 0.21
- MSCI ESG rating upgraded to 'A' and improved Sustainalytics score
- Strategic merger with Equinox Gold to create Canada's second-largest gold producer
- Valentine Gold Mine on track for first production in Q3 2025
- One significant environmental incident reported
- 7% of community grievances remain unresolved
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to announce the publication of its fifth annual Sustainability Report, highlighting another year of strong economic performance and continued leadership in responsible mining practices.
Darren Hall, President and Chief Executive Officer of Calibre, stated: “2024 was a transformative year for Calibre. We continued to deliver strong results while laying the foundation for future growth through the development of the Valentine Gold Mine in Central Newfoundland, Canada and our upcoming merger with Equinox Gold. These milestones reflect our disciplined approach to growth, underpinning strong performance with sustainability as a strategic priority. 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. Sustainability is core to our principles, guiding us in everything we do. As we continue to evolve, our focus remains clear: to create lasting value for all stakeholders through transparent engagement, ethical practices, and operational excellence.
Our success is deeply connected to the well-being of the communities where we operate. Through partnerships with Indigenous groups, investments in local development, and our commitment to free, prior, and informed consent, we strive to be a trusted and respectful neighbor. The 2024 Sustainability Report captures this journey—our achievements, our challenges, and our continued commitment to mining with purpose.”
Environmental Stewardship
- Published our first Climate Report, including scenario analysis for climate-related risks and opportunities.
- Produced 164,355 trees for reforestation and carbon sequestration in Nicaragua.
- Prevented the use of 7.42 tonnes of mercury through the Artisanal and Small-scale Miners (ASM) Ore Purchase Program.
- Reported one significant environmental incident; lessons learned informed enhancements to management systems.
Social Responsibility
- Distributed US
$897 million in economic value across sites, investing US$4.19 million in community development projects focusing on education, health, and infrastructure. - Supported 1,133 direct jobs, with a
95% national workforce—82% of whom are from local communities. - Reported zero fatalities and achieved a
22% reduction in the Lost Time Injury Frequency Rate, down to 0.21. - Zero site shutdowns or project delays due to non-technical factors and no substantiated human rights concerns raised by communities, resolving
93% of community grievances, with a renewed focus on response times and stakeholder engagement.
Governance and Ethics
- No significant instances of non-compliance with laws and regulations.
- Human Rights Impact Assessment conducted at the Eastern Borosi Mine, ensuring
100% of Calibre operations in Nicaragua assessed within the past 3 years. - Fourth year of conformance with the World Gold Council’s Responsible Gold Mining Principles.
- Improved ESG risk ratings: MSCI ESG upgraded to “A”; Sustainalytics score improved to 29.0 (“Medium” risk).
- Enhanced procurement due diligence to strengthen ASM ore sourcing governance systems.
Financial and Investor Performance
- Generated US
$586 million in revenue, driven by strong operational performance across all sites. - Delivered a
60% increase in share price, underscoring growing investor confidence and value creation. - Advanced construction of Valentine Gold Mine, with first gold production expected in Q3 2025.
- Announced a transformational merger with Equinox Gold, creating Canada’s second-largest gold producer with a diversified growth platform.
The 2024 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, the GRI 14: Mining Sector 2024 Standard, the SASB 2023 Metals and Mining Standards, and the Mining Local Procurement Reporting Mechanism and includes the Company’s operating mines. The Company will file its 2024 Bill S-211 Report on or before May 31, 2025, under Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act. A link to the Company’s 2023 Bill S-211 Report can be found here.
Click here to access the full 2024 Sustainability Report. For further details on Calibre's sustainability initiatives please visit the Company website at www.calibremining.com.
About Calibre
Calibre (TSX:CXB) is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.
ON BEHALF OF THE BOARD
“Darren Hall”
Darren Hall, President & Chief Executive Officer
For further information, please contact:
Ryan King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com
Calibre’s head office is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.
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Cautionary Note Regarding Forward Looking Information
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. These include, without limitation, statements with respect to: Calibre and its business combination (the “Arrangement”) with Equinox Gold Corp. (“Equinox”), the combined company’s plans and expectations with respect to the proposed Arrangement and the anticipated impact of the proposed Arrangement on the combined company’s results of operations, financial position, growth opportunities and competitive position, the receipt of required approvals, and the expected timing of completion of the Arrangement.
These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the risk that any other condition to closing of the Arrangement may not be satisfied; the risk that the closing of the Arrangement might be delayed or not occur at all; the risk that the either Calibre or Equinox may terminate the Arrangement Agreement and either Calibre or Equinox is required to pay a termination fee to the other party; potential adverse reactions or changes to business or employee relationships of Calibre or Equinox, including those resulting from the announcement or completion of the Arrangement; the diversion of management time on transaction-related issues; the ultimate timing, outcome and results of integrating the operations of Calibre and Equinox; the effects of the business combination of Calibre and Equinox, including the combined company’s future financial condition, results of operations, strategy and plans; the ability of the combined company to realize anticipated synergies in the timeframe expected or at all; changes in capital markets and the ability of the combined company to finance operations in the manner expected; the risk that Calibre or Equinox may not receive the required court, stock exchange and regulatory approvals to effect the Arrangement; the risk of any litigation relating to the proposed Arrangement; the risk of changes in laws, governmental regulations or enforcement practices; the effects of commodity prices, life of mine estimates; the timing and amount of estimated future production; the risks of mining activities; the fact that operating costs and business disruption may be greater than expected following the public announcement or consummation of the Arrangement; and other risks and uncertainties set out in Calibre’s annual information form (“AIF”) for the year ended December 31, 2024, its management discussion and analysis for the year ended December 31, 2024 and other disclosure documents of the Company filed on the Company’s SEDAR+ profile at www.sedarplus.ca.
Calibre's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Calibre does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements.
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