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Calibre Mnng Suspends Operations and Withdraws 2020 Guidance

Mining News - Published on Thu, 26 Mar 2020

Image Source: Calibre Mining Coronavirus COVID-19
Calibre Mining Corp announced that it has commenced the legal process with the Nicaraguan Ministry of Labour to obtain authorization for the temporary suspension of its El Limon and La Libertad mines. Calibre Mining Chief Executive Officer Russell Ball said “We have implemented numerous mitigation measures across the business and to date have no confirmed cases at any of our locations. However, due to the rapidly deteriorating global environment and the increasing logistical challenges sourcing consumables, reagents and other supplies, we have taken the proactive step of temporarily suspending operations.”

The Company will maintain personnel at each site as required to ensure environmental compliance, progress ongoing permitting and technical studies, and maintain operational readiness. The Company cannot estimate the duration nor the impact of the suspension and is accordingly withdrawing its 2020 guidance (as previously provided on December 4, 2019).

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Posted By : Yogender Pancholi on Thu, 26 Mar 2020
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