Nicaragua: Calibre Mining Corp announces legal process to temporarily suspend operations in two mines; company comments
Author: Calibre Mining, Published on: 26 March 2020
“Calibre Commences Temporary Suspension of Operations; Withdraws 2020 Guidance and Provides Liquidity Update”, 25th March 2020
…Calibre Mining Corp…announces 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.
Russell Ball, Chief Executive Officer stated, “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…
Related companies: Calibre Mining Corp.