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Calibre Strengthens its Executive Leadership Team with the Appointment of Chief Operating Officer and Vice President of Technical Services, Nicaragua

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Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced two key appointments to strengthen its executive leadership team. David Schummer has been appointed as Senior Vice President & Chief Operating Officer, effective October 1, 2024. Schummer brings over 35 years of mining industry experience, having worked in various countries and held leadership positions at companies like Perseus Mining, Ma'aden Gold & Base Metals, and Newmont Mining

Stephen McCaughey has been appointed as Vice President Technical Services, Nicaragua. McCaughey is a qualified geologist with over 30 years of experience in the mining industry, including 14 years focused on Latin America. His most recent role was Regional Manager Technical Services for Endeavour Silver in Mexico.

These appointments are part of Calibre's transition from a junior gold producer to an Americas-focused, multi-asset mid-tier gold producer. The company expects these additions to contribute to optimizing operations, growing production, and creating significant value for shareholders.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha annunciato due nomine chiave per rafforzare il suo team dirigenziale. David Schummer è stato nominato Vicepresidente Senior e Direttore Operativo, con decorrenza dal 1 ottobre 2024. Schummer porta con sé oltre 35 anni di esperienza nel settore minerario, avendo lavorato in vari paesi e ricoperto posizioni dirigenziali in aziende come Perseus Mining, Ma'aden Gold & Base Metals e Newmont Mining.

Stephen McCaughey è stato nominato Vicepresidente dei Servizi Tecnici, Nicaragua. McCaughey è un geologo qualificato con oltre 30 anni di esperienza nel settore minerario, di cui 14 anni focalizzati sull'America Latina. Il suo ruolo più recente è stato quello di Manager Regionale dei Servizi Tecnici per Endeavour Silver in Messico.

Queste nomine fanno parte della transizione di Calibre da produttore di oro junior a produttore di oro di medio livello, focalizzato sulle Americhe e con più asset. L'azienda si aspetta che queste nuove aggiunte contribuiscano a ottimizzare le operazioni, aumentare la produzione e creare un valore significativo per gli azionisti.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha anunciado dos nombramientos clave para fortalecer su equipo de liderazgo ejecutivo. David Schummer ha sido nombrado Vicepresidente Senior y Director de Operaciones, con efecto a partir del 1 de octubre de 2024. Schummer aporta más de 35 años de experiencia en la industria minera, habiendo trabajado en varios países y ocupado posiciones de liderazgo en empresas como Perseus Mining, Ma'aden Gold & Base Metals y Newmont Mining.

Stephen McCaughey ha sido nombrado Vicepresidente de Servicios Técnicos, Nicaragua. McCaughey es un geólogo calificado con más de 30 años de experiencia en la industria minera, incluyendo 14 años enfocados en América Latina. Su rol más reciente fue Gerente Regional de Servicios Técnicos para Endeavour Silver en México.

Estos nombramientos son parte de la transición de Calibre de un productor de oro junior a un productor de oro de nivel medio enfocado en las Américas y con múltiples activos. La compañía espera que estas adiciones contribuyan a optimizar las operaciones, aumentar la producción y crear un valor significativo para los accionistas.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF)는 임원 리더십 팀을 강화하기 위해 두 개의 주요 임명을 발표했습니다. David Schummer가 2024년 10월 1일부터 선임 부사장 겸 COO로 임명되었습니다. Schummer는 35년 이상의 광업 경력을 보유하고 있으며, 다양한 국가에서 근무했으며 Perseus Mining, Ma'aden Gold & Base Metals, Newmont Mining 등의 회사에서 리더십 직책을 역임했습니다.

Stephen McCaughey가 니카라과 기술 서비스 부사장으로 임명되었습니다. McCaughey는 30년 이상의 광업 경력을 가진 자격 있는 지질학자로, 그 중 14년은 라틴 아메리카에 중점을 두고 있습니다. 그의 최근 역할은 멕시코의 Endeavour Silver의 지역 기술 서비스 관리자였습니다.

이 임명은 Calibre의 주니어 금 생산자에서 아메리카에 초점을 맞춘 다중 자산 중간급 금 생산자로의 전환의 일환입니다. 회사는 이러한 추가 인력이 운영 최적화, 생산 성장 및 주주 가치를 창출하는 데 기여할 것으로 기대하고 있습니다.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) a annoncé deux nominations clés pour renforcer son équipe de direction. David Schummer a été nommé Vice-président Senior et Directeur des opérations, à compter du 1er octobre 2024. Schummer apporte plus de 35 ans d'expérience dans l'industrie minière, ayant travaillé dans plusieurs pays et occupé des postes de direction dans des entreprises telles que Perseus Mining, Ma'aden Gold & Base Metals et Newmont Mining.

Stephen McCaughey a été nommé Vice-président des Services techniques pour le Nicaragua. McCaughey est un géologue qualifié avec plus de 30 ans d'expérience dans l'industrie minière, dont 14 ans axés sur l'Amérique latine. Son dernier poste était celui de Responsable régional des services techniques pour Endeavour Silver au Mexique.

Ces nominations font partie de la transition de Calibre d'un producteur d'or junior à un producteur d'or de taille intermédiaire axé sur les Amériques et avec plusieurs actifs. L'entreprise s'attend à ce que ces ajouts contribuent à optimiser les opérations, à augmenter la production et à créer une valeur significative pour les actionnaires.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) hat zwei wichtige Ernennungen bekannt gegeben, um sein Führungsteam zu stärken. David Schummer wurde zum Senior Vice President und Chief Operating Officer ernannt, mit Wirkung zum 1. Oktober 2024. Schummer bringt über 35 Jahre Erfahrung in der Bergbauindustrie mit und hat in verschiedenen Ländern gearbeitet und Führungspositionen in Unternehmen wie Perseus Mining, Ma'aden Gold & Base Metals und Newmont Mining innegehabt.

Stephen McCaughey wurde zum Vice President Technical Services für Nicaragua ernannt. McCaughey ist ein qualifizierter Geologe mit über 30 Jahren Erfahrung in der Bergbauindustrie, einschließlich 14 Jahren mit Schwerpunkt auf Lateinamerika. Seine letzte Rolle war Regionalleiter für technische Dienste bei Endeavour Silver in Mexiko.

Diese Ernennungen sind Teil von Calibres Übergang von einem Junior-Goldproduzenten zu einem mittelständischen Goldproduzenten mit mehreren Assets, der sich auf die Amerikas konzentriert. Das Unternehmen erwartet, dass diese Ergänzungen zur Optimierung der Abläufe, zur Steigerung der Produktion und zur Schaffung erheblicher Werte für die Aktionäre beitragen.

Positive
  • Appointment of experienced executives to key leadership positions
  • Strengthening of the management team to support company growth
  • Transition towards becoming a mid-tier gold producer
Negative
  • None.

VANCOUVER, British Columbia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to announce the appointment of Mr. David Schummer as Senior Vice President (“SVP”) & Chief Operating Officer (“COO”) effective October 1, 2024, and Stephen McCaughey as Vice President Technical Services, Nicaragua.

Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am very pleased to welcome David Schummer as SVP & Chief Operating Officer, and Stephen McCaughey as Vice President Technical Services, Nicaragua as we continue to strengthen the team while transitioning from a junior gold producer to an Americas focused, multi-asset mid-tier gold producer.”

“Dave is a proven leader of large-scale mining companies with a focus on safety, optimizing asset performance, cost reduction and sustainability. Having worked with Dave at Newmont, and seeing his capabilities firsthand, coupled with his Canadian, USA and Latin American open pit and underground experience, I am confident that Dave is the right choice to lead our operations and optimize and grow production with a goal of creating significant value for shareholders.”

“Stephen’s extensive technical background along with Latin American experience will be invaluable in optimizing our operations in Nicaragua.”

“I look forward to the contributions of both David and Stephen in their new roles.”

David Schummer - Senior Vice President & Chief Operating Officer
Mr. Schummer has over 35 years of mining industry experience working in the U.S., Canada, Peru, Indonesia, West Africa and the Middle East. David is a proven executive leader of large-scale mining companies focused on building a strong health and safety culture and driving value creation through mining efficiencies. David has seen significantly increasing levels of responsibility throughout his career. Prior to joining Calibre as COO, David was the COO for Perseus Mining, and prior to that he was the President of Ma’aden Gold & Base Metals (MGBM) and was the Chairman of the Board for both MGBM and Ma’aden Barrick Copper Company (MBCC). David previously held the role of EVP & COO at New Gold Mining and spent 22 years at Newmont Mining Corporation. While at Newmont, David progressively moved into more senior roles, ultimately becoming the Senior Vice President, Africa. Prior to his time in Africa, David was Newmont’s Vice President of North American Operations where he led a group of eight operating mines, including both open pit and underground operations which collectively produced approximately two million ounces of gold annually.

Stephen McCaughey – Vice President Technical Services, Nicaragua
Mr. McCaughey is a qualified geologist with a First-Class Honours Degree in Geology from Monash University, and an MBA from the Melbourne Business School. Stephen is a registered Member of the Australian Institute of Geoscientists and has over 30 years of experience in the mining industry including 14 years with BHP. He relocated permanently to Latin America 14 years ago and has been working exclusively in the region since then, with a particular emphasis on Mexico, Central and South America. Stephen has held numerous positions of increasing responsibility throughout his career including Development & Exploration Manager Peru (Tintaya) for BHP-Billiton, Exploration Manager, Managing Director of ASX listed Callabonna Resources, Technical & Operations Director Loyal King International and Vice President Technical Services – Compania Minera Cerro Negro, Peru. Stephen’s most recent role prior to joining Calibre was Regional Manager Technical Services for Endeavour Silver Corporation based in Mexico where he played a key role in the operational turn-around from 2020 onwards.

About Calibre
Calibre is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.

ON BEHALF OF THE BOARD

“Darren Hall”

Darren Hall, President & Chief Executive Officer

For further information, please contact:
Ryan King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com

Calibre’s head office is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.

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The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.


FAQ

Who are the new executives appointed by Calibre Mining (CXBMF)?

Calibre Mining has appointed David Schummer as Senior Vice President & Chief Operating Officer and Stephen McCaughey as Vice President Technical Services, Nicaragua.

When does David Schummer start his role as COO at Calibre Mining (CXBMF)?

David Schummer's appointment as Senior Vice President & Chief Operating Officer at Calibre Mining is effective October 1, 2024.

What is Calibre Mining's (CXBMF) goal with these new appointments?

Calibre Mining aims to strengthen its team as it transitions from a junior gold producer to an Americas-focused, multi-asset mid-tier gold producer, optimizing operations and creating significant value for shareholders.

What experience does David Schummer bring to Calibre Mining (CXBMF)?

David Schummer brings over 35 years of mining industry experience, having worked in the U.S., Canada, Peru, Indonesia, West Africa, and the Middle East, with leadership roles at companies like Perseus Mining, Ma'aden Gold & Base Metals, and Newmont Mining

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