Calibre Mining Corp. Reinforces Ethical Supply Chains and Local Sourcing in 2024
- Calibre Mining Corp is dedicated to combating forced and child labor in its operations and supply chains.
- The company prioritizes local sourcing and employs around 1,449 individuals, fostering community economic development.
- Calibre's commitment to ethical practices enhances its corporate responsibility profile and aligns with global mining standards.
Calibre Mining Corp's Commitment to Ethical Supply Chains in 2024
In its 2024 Annual Statement, Calibre Mining Corporation underscores its steadfast dedication to combating forced and child labor within its operations and supply chains. The Vancouver-based mid-tier gold producer, which operates three producing mines and is progressing on the Valentine Gold Mine in Newfoundland, outlines key measures implemented throughout the year to ensure compliance with Canada’s Fighting Against Forced and Child Labour in Supply Chains Act. This commitment not only reflects Calibre's adherence to ethical practices but also enhances its corporate responsibility profile in an industry often scrutinized for labor practices.
Calibre's proactive approach involves rigorous assessments of its supply chain, which consists of approximately 1,461 suppliers focused on construction, mining operations, and logistics. The company prioritizes local sourcing, employing around 1,449 individuals and 3,590 contractors primarily from surrounding communities. By fostering local employment, Calibre contributes to economic development while simultaneously ensuring a transparent and ethical procurement process. This strategy not only mitigates the risks associated with forced labor but also strengthens community ties and promotes sustainable practices within its operational footprint.
Additionally, Calibre's comprehensive business model encompasses the entire mine lifecycle, from exploration to closure. This holistic approach allows the company to diversify its supply chain and reduce economic dependence on specific contracts or suppliers. By aligning its operations with global standards and best practices, Calibre demonstrates a commitment to responsible mining that resonates with stakeholders and sets a benchmark for industry peers. The company’s ongoing focus on ethical sourcing is indicative of a broader trend within the mining sector, where transparency and social responsibility are increasingly prioritized.
In other developments, Calibre Mining is on track to produce approximately 242,487 ounces of gold in 2024, bolstered by its expanding operations. The anticipated Valentine Gold Mine, projected to be Atlantic Canada’s largest, is slated for first production in late Q3 2025. Moreover, the company is set to merge with Equinox Gold Corp., a move expected to strengthen its market position. This merger, pending regulatory approvals, signifies a strategic effort to enhance operational capabilities and stakeholder value in an evolving mining landscape.
Calibre Mining’s commitment to ethical practices and responsible sourcing not only safeguards its operations but also reflects a growing industry-wide awareness of social and environmental responsibilities.