VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Firm” or “Calibre”) declares that President and CEO Russell Ball is stepping down from his govt place and as a Director of the Firm for private causes efficient instantly. The Firm want to thank Mr. Ball for his contributions to Calibre over the previous three years and desires him nicely in his future endeavours. The Firm’s present Senior VP & Chief Working Officer, Darren Corridor has been appointed President & Chief Government Officer and Director of Calibre efficient instantly.
Blayne Johnson, Chairman of Calibre said: “The Board of Administrators of Calibre may be very happy to welcome Darren Corridor to his new function as President, CEO and Director of the Firm. Darren is an skilled mining skilled who was concerned within the acquisition of Calibre’s Libertad and Limon gold mines in 2019. He’s the originator of Calibre’s “Hub and Spoke” working technique which has resulted in a 30% enhance in our forecast gold manufacturing in 2021 to 170,000 to 180,000 ozs. Darren was instrumental in rising the market cap of our earlier firm Newmarket Gold from $150 million to when Newmarket merged with Kirkland Lake Gold in a $1.0 billion transaction in 2016. Darren has a deep understanding of Calibre’s enterprise and progress technique and can proceed his sturdy report of management and achievement as President and CEO of the Firm.”
Darren Corridor has over 30 years of management expertise within the mining business with a observe report of accelerating manufacturing, decreasing prices, and selling well being, security, and enterprise excellence. Darren joined Calibre as Senior VP & COO in 2019 concurrently with Calibre’s acquisition of the Limon and Libertad gold mines in Nicaragua. Previous to becoming a member of Calibre, Darren was COO of Newmarket Gold and was accountable for sustaining a powerful basis of high quality gold manufacturing from three mines together with the high-grade Fosterville gold mine, yielding report outcomes. Previous to Newmarket Gold, Mr. Corridor labored for Newmont Mining Company the place he held roles of accelerating management and duty all through the group for nearly 30 years.
Darren Corridor, MAusIMM, President & Chief Government Officer of Calibre Mining Corp is a “certified particular person” as set out below NI 43-101 has reviewed and accepted the scientific and technical info on this information launch.
ON BEHALF OF THE BOARD
Blayne Johnson, Chairman
For additional info, please contact:
Vice President, Company Growth & IR
T: (604) 628-1012
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed gold mining and exploration firm with two 100%-owned working gold mines in Nicaragua. The Firm is concentrated on sustainable working efficiency and a disciplined method to progress.
Cautionary Notice Relating to Ahead Wanting Info
This information launch consists of sure “forward-looking info” and “forward-looking statements” (collectively “forward-looking statements”) throughout the which means of relevant Canadian securities laws. All statements on this information launch that tackle occasions or developments that we anticipate to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t historic details and are recognized by phrases equivalent to “anticipate”, “plan”, “anticipate”, “mission”, “goal”, “potential”, “schedule”, “forecast”, “finances”, “estimate”, “intend” or “consider” and related expressions or their damaging connotations, or that occasions or circumstances “will”, “would”, “could”, “might”, “ought to” or “may” happen Ahead-looking statements essentially contain assumptions, dangers and uncertainties, sure of that are past Calibre’s management. For a list of danger components relevant to the Firm, please check with Calibre’s annual info kind for the yr ended December 31, 2019, out there on www.sedar.com. This checklist will not be exhaustive of the components that will have an effect on Calibre’s forward-looking statements.
Calibre’s forward-looking statements are based mostly on the relevant assumptions and components administration considers affordable as of the date hereof, based mostly on the data out there to administration at such time. Calibre doesn’t assume any obligation to replace forward-looking statements if circumstances or administration’s beliefs, expectations or opinions ought to change apart from as required by relevant securities legal guidelines. There may be no assurance that forward-looking statements will show to be correct, and precise outcomes, efficiency or achievements might differ materially from these expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance shouldn’t be positioned on forward-looking statements.