World Gold Council Declares New Addition to its Board of Directors

SEATTLE (Scrap Monster): The World Gold Council (WGC) has expanded its Board of Directors, by adding Vancouver, Canada-headquartered Calibre Mining Corp. as its 27^th member. The market development organization for the gold industry welcomed the new member to its Board.

Commenting on the development, David Tait, Cheif Executive Officer, WGC noted that the company plays a key role in the production and exploration of gold in Nicaragua. The Council looks forward to working with Calibre Mining, which offers high importance to sustainable operating practices.

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Meantime, Russel Ball, Chief Executive of Calibre Mining said that the company’s vision to support global standards to reinforce trust and transparency in the gold sector goes well with the Council’s beliefs. The company looks forward to participate in various initiatives by the Council including the Responsible Gold Mining Principles, he added.

Calibre Mining had recently transitioned from an explorer into a junior miner. It operates the El Limon and La Libertad gold mines in Nicaragua, which it had acquired from B2Gold in October last year for an aggregate consideration of $100 million. Alongside, it had also bought the Pavon gold project and related mineral concessions. It must be noted that El Limon mine is located in northwestern Nicaragua, whereas the La Libertad mine is located east of the capital of Managua.