Calibre Mining Corp. is thrilled to announce that the Honorable Steven Guilbeault, Minister of Environment and Climate Change Canada, has granted approval for the addition of a third open pit, known as the Berry Deposit or ‘Berry Pit,’ at the Valentine Gold Mine. This mine is fully owned by Calibre and is located in Newfoundland & Labrador, Canada.
The approval comes after an environmental assessment update was submitted to the Impact Assessment Agency of Canada (IAAC) in August 2023. The proposed changes to the Valentine Gold Mine, including the addition of the Berry Pit and associated infrastructure modifications, underwent a thorough analysis by the IAAC. This analysis included consultations with Indigenous groups, communities, stakeholder organizations, and a review of public comments received.
Minister Guilbeault signed an Amended Decision Statement, officially approving the inclusion of the Berry Pit. This decision marks a significant milestone for Calibre Mining, as it now possesses the major approvals required for the three-pit mine plan outlined in the 2022 Feasibility Study.
Darren Hall, President and Chief Executive Officer of Calibre Mining, expressed his satisfaction with the federal environmental approval, stating, ‘I am pleased to announce that we have obtained Federal Environmental approval for the development of the Berry Pit at Valentine. With this approval and the recent issuance of Provincial mining and surface leases for Berry and associated infrastructure, we now have the major approvals required for the three-pit mine plan included in the 2022 Feasibility Study.’
Since acquiring the Valentine Gold Mine in January, Calibre Mining has made significant progress in various aspects. Engineering has reached 98% completion, construction has advanced from 50% to 77%, and a skilled operations team has been assembled. These achievements position the company to deliver its first gold in the second quarter of 2025.
Calibre Mining is a Canadian-listed gold producer with a focus on the Americas. The company has a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. Calibre is committed to delivering sustainable value for its shareholders, local communities, and all stakeholders through responsible operations and a disciplined approach to growth. With a robust balance sheet, an experienced management team, strong operating cash flow, and promising development projects, Calibre Mining is poised to unlock significant value.
For more information, please contact Ryan King, SVP Corporate Development & IR, at calibre@calibremining.com or visit the company’s website at www.calibremining.com.