Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Water Management
• Energy Reduction
• Waste Management
• Tailings Management
• Reclamation
• Biodiversity

Environmental Achievements

• Operated mines in compliance with applicable environmental regulations, with the exception of minor spills.
• Implemented measures to contain, clean, and report oil spills at Island Gold.
• Implemented additional effluent treatment strategies at Young-Davidson.
• Replacement of high-intensity lights with LED bulbs at Mulatos, saving nearly 42,000 kWh in electricity per year.
• Successful implementation of measures to contain and treat mine contact water at Mulatos, mitigating off-site migration.
• Construction of an independent water reservoir at Kirazli to provide water for operation and clean drinking water for nearby communities.

Social Achievements

• No instances of artisanal mining at any Alamos site.
• Progressive reclamation efforts including reforestation, treatment of runoff water, and re-contouring slopes.
• Rehabilitated portions of historic tailings at Young-Davidson.
• Increased progressive reclamation activities at El Chanate, reforesting 84 hectares.

Governance Achievements

• Annual review of mine closure plans and associated financial obligations.
• Independent examinations and reviews of closure budgets by third-party experts.

Climate Goals & Targets

Environmental Challenges

• Minor oil spills at Island Gold and Young-Davidson.
• Effluent discharge at Island Gold failing to meet toxicity parameters.
• Tailings discharge at Young-Davidson (occurred in December 2017).
• Potential impacts on biodiversity in Mexico due to larger footprint of open pit mines.

Mitigation Strategies

• Spills were contained, cleaned, and reported to authorities.
• Environmental fines paid for spills and non-conformance.
• Implemented additional effluent treatment strategies at Young-Davidson.
• Comprehensive surface and groundwater monitoring programs.
• Water treatment using treatment plants and holding ponds.
• Biodigestion and microorganisms used to treat wastewater at El Chanate.
• Long-term water management strategies developed at Mulatos and Young-Davidson.
• Measures to contain and treat mine contact water at Mulatos.
• Progressive reclamation and reforestation programs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• 35% anticipated reduction in GHG emissions over the life of the mine at Island Gold due to the Phase 3+ expansion
• 9% reduction in GHG emissions at Young-Davidson following lower mine expansion
• Conversion of propane usage to compressed natural gas at Young-Davidson Mine resulting in cost savings and GHG reduction.

Social Achievements

• 15% of annual incentive bonus tied to safety and ESG including climate change targets

Governance Achievements

• Established a Climate Change Steering Committee and a Climate Change Working Group to oversee climate-related initiatives.
• Updated energy management plans across all sites.
• Adopted the World Gold Council’s Responsible Gold Mining Principles.

Climate Goals & Targets

Environmental Challenges

• Increased GHG emissions in 2021 due to Mulatos mine ramp-up and construction activities at La Yaqui Grande.
• Permitting delays preventing Mulatos Mine's connection to the national electricity grid.
• Potential impacts of drought conditions at Mulatos Mine affecting water supply.
• Risks associated with integrating new technologies (electric mining equipment) with existing systems.
• Potential disruptions to operations due to extreme weather events (floods, heavy precipitation, wildfires).

Mitigation Strategies

• Utilizing existing water models to improve water efficiency at Mulatos.
• Designing a water treatment plant for La Yaqui Grande and investigating options to repurpose existing infrastructure as water reservoirs.
• Prioritizing energy and emission reduction opportunities at all operations and development projects.
• Developing a roadmap for implementation of GHG reduction target, including six key projects.
• Assessing carbon abatement opportunities to reduce costs associated with Lynn Lake Gold Project.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Flooding
• Wildfires
• Rising temperatures
• Heavy precipitation
• Cold spells
• Extreme cold and freezing rain

Transition Risks

• Increasingly stringent emission regulations
• Rising cost of carbon
• Fuel price increases
• GHG emission regulations
• Renewable electricity generation shares
• Cost of renewable energy
• Cost of abatement
• Cost of fuels
• Fossil fuel subsidies
• Carbon reduction policies

Opportunities

• Transition to more efficient production processes
• Investment in renewable energy programs
• Adoption of energy efficiency measures

Reporting Standards

Frameworks Used: TCFD

Third-party Assurance: Third-party verification of GHG emissions at Young-Davidson (annual), Island Gold (annual), and Mulatos (every 3 years)

Environmental Metrics

ESG Focus Areas

• Community Relations
• Indigenous Rights
• Supplier Relations
• Economic Development
• Environmental Impact
• Social Impact

Environmental Achievements

• No instances of violations involving the rights of Indigenous peoples across all Alamos mines and projects in 2019.
• Environmental Impact Assessments and monitoring at various mine sites.

Social Achievements

• Relocation of Mulatos residents to Matarachi with the construction of new homes, a school, church, and medical clinic.
• Investment of over $16.3 million in local community initiatives.
• Implementation of formalized community grievance mechanisms in Mexico and Turkey.
• Resolution of all seven grievances filed by local community members during the year.
• Approximately 36% of supplier spend was local, and 96% of supplier spend was distributed in-country.

Governance Achievements

• Award of Best Corporate Social Responsibility Practice 2019 in the category of Connecting with the Community by Cemefi, AliaRSE, and Forum Empresa.

Climate Goals & Targets

Environmental Challenges

• Potential negative impacts on local communities due to mine operations (e.g., pressures on infrastructure, housing, services; income inequality; social dynamics changes; relocation of homes; access to clean land and water; divisions between those who benefit and those who don't; increased exposure to harassment).
• Social media campaign with false information leading to protests against the Kirazlı Project in Turkey.

Mitigation Strategies

• Extensive consultation and collaboration with communities involved in relocation projects.
• Mitigation plans being assessed to limit negative impacts of project development.
• Ongoing dialogue to understand community priorities and expectations.
• Formalized community grievance mechanisms to address concerns.
• Community engagement and consultation to manage issues and concerns.
• Addressing concerns regarding land and water disturbance and effects on vegetation and wildlife, with emphasis on traditional practices and Indigenous rights.

Supply Chain Management

Responsible Procurement

• Prioritizing local vendors
• Training and upskilling local vendors

Climate-Related Risks & Opportunities

Awards & Recognition

• Best Corporate Social Responsibility Practice 2019

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 79% of total water use is recycled water
• 3% reduction in water consumed per tonne of ore treated
• 1% reduction in absolute greenhouse gas emissions
• 38% reduction in absolute energy use
• 55% of hazardous waste recycled or reused
• 49% of non-hazardous waste recycled or reused

Social Achievements

• 3,513 employees and contractors in Canada, Mexico, Turkey, and the United States
• 99.9% of global workforce hired in-country
• 80% of global workforce hired from local communities
• $2.4 million invested in community initiatives
• Zero fatalities
• 28% reduction to total recordable injury frequency rate (TRIFR) and 17% reduction to lost time injury frequency rate (LTIFR) over 2019

Governance Achievements

• 2 new governance policies published in 2020 including sustainability policy, human rights policy and supply chain policy
• 90% of the board are independent directors
• 33% of independent directors are women
• Zero disputes between labour and management resulting in work stoppages
• Zero fines or sanctions for non-compliance with environmental laws and regulations
• Received independent annual assurance over World Gold Council’s (WGC) Conflict-Free Gold Standard and Responsible Gold Mining Principles

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations, supply chain, and local communities
• Temporary shutdowns at Mulatos and Island Gold
• Renewal of concessions in Turkey remains outstanding
• Drought conditions in Mexico affecting water supply
• Major social media campaign with false information in Turkey leading to protests

Mitigation Strategies

• Strict health and safety protocols, including on-site testing
• Donations to local hospitals, medical clinics, and communities
• Communications strategy to build broader support in Turkey
• Improving water efficiency at Mulatos, designing a water treatment plant for La Yaqui Grande, investigating options to repurpose existing infrastructure as water reservoirs
• Addressing concerns raised through community engagement and stakeholder consultation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing local suppliers
• Training and upskilling vendors

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Flooding
• Wildfires
• Rising temperatures
• Heavy precipitation

Transition Risks

• Stringent emission regulations
• Rising cost of carbon
• Fuel price increases

Opportunities

• Increased energy and water efficiency
• Attracting socially responsible investments

Reporting Standards

Frameworks Used: SASB Metals & Mining Industry Standard, GRI Standards (Core requirements)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2020 Ethics and Values in Industry Award (Mulatos)
• 2020 Empresa Socialmente Responsable (ESR) (El Chanate and Mulatos)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 90% of hazardous waste recycled or reused on-site
• 50% reduction in GHG emissions at Young-Davidson following lower mine expansion
• 0.4 tCO2e per ounce of gold production, nearly 40% less than industry average
• Zero significant environmental incidents
• Zero reportable tailings-related incidents
• 9% of total water use recycled

Social Achievements

• Zero disputes between labour and management resulting in work stoppages
• 1.2 to 1.8 times greater entry-level wages than local minimum wages at our sites
• Launched Wellness Program at Island Gold mine
• $1.4 million invested in community initiatives

Governance Achievements

• 90% of director independence
• 38% of independent directors are women
• 15% of Annual Incentive Bonus now tied to safety and ESG
• 16 new corporate sustainability policies developed across governance, safety, environment and community aspects

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacts on operations, supply chain, and local communities
• Increase in Lost Time Injuries (LTIs) and recordable injuries (attributed to disruptions to planned health and safety training and increased worker fatigue during COVID-19)
• Increased worker fatigue during COVID-19
• Prolonged drought conditions in Mexico potentially affecting water availability
• Government of Canada’s Output-Based Pricing System (OBPS) impacting Lynn Lake project
• Permitting delays preventing Mulatos mine’s connection to the national electricity grid

Mitigation Strategies

• Strict health and safety protocols, including on-site testing and vaccinations
• Donations to local hospitals, medical clinics, and community members
• Stop-work orders issued to contractors until sufficient safety improvements were demonstrated
• Water models to improve water management at Mulatos
• Updating engineering models to improve water efficiency at Mulatos
• Designing a water treatment plant for La Yaqui Grande
• Investigating options to reuse existing infrastructure as water reservoirs at Mulatos
• Assessing carbon abatement opportunities at Lynn Lake
• Advancing permitting to construct an electrical line at Mulatos to replace diesel power with grid electricity

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing local vendors
• Training and upskilling local vendors
• 41% of supplier spending local, 98% in-country

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water stress
• Wildfires
• Flooding
• Drought

Transition Risks

• Stringent emission regulations
• Rising cost of carbon
• Fuel price increases

Opportunities

• Resource efficiency
• Attracting socially responsible investments
• Renewable energy programs
• Energy efficiency measures

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Certifications: ISO 45001 (Mulatos)

Third-party Assurance: Independent third-party assurance over GHG emissions reporting

UN Sustainable Development Goals

• Not disclosed

Mulatos awards recognize strong practices supporting the UN Sustainable Development Goals

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Socially Responsible Company Award (Mulatos)
• Award for Corporate Ethics and Values in Industry (Mulatos)
• Award for Outstanding Practice in Action for Climate (Mulatos)

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environment
• Community
• Governance and Disclosure

Environmental Achievements

• Zero significant environmental incidents and two minor reportable events in the second quarter of 2024
• Received approval from the province for a routine tailings raise at the Island Gold and Young-Davidson Mines
• Received Environmental Compliance Approval Air and Noise from the Ministry of Environment, Conservation and Parks at Island Gold
• Continued reclamation activities at Mulatos for the Cerro Pelon, El Victor and San Carlos pits

Social Achievements

• Various sponsorships to support local youth sports teams and community events, and donations to local charities and organizations around the Company's mines
• Continued to advance a long-term power project at Island Gold in partnership with Batchewana First Nation
• Continued to provide local community support including road maintenance, dust suppression, and water distribution to Matarachi and surrounding areas around the Mulatos Mine

Governance Achievements

• Published Alamos' 2023 Environmental, Social and Governance (“ESG”) Report, outlining the Company’s progress on its ESG performance across its operations, projects and offices
• Mulatos was awarded the Empresa Socialmente Responsable award for the 16th consecutive year in recognition of the mine’s ethical and sustainable practices
• Published Alamos’ 2023 Report on Conformance to the Responsible Gold Mining Principles (“RGMP”s) in accordance with the World Gold Council’s RGMP framework
• Published Alamos’ inaugural 2023 Report on Modern Slavery in accordance with Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act
• Published Alamos’ Extractive Sector Transparency Measures Act 2023 Annual Report, outlining payments made to governments in Canada and abroad related to our activities on a country and project basis

Climate Goals & Targets

Environmental Challenges

• Two minor reportable events during the quarter involved an oil spill (1,000 litres) following the accidental puncture of a container, and a dust concern due to strong winds, at the Young-Davidson mine.

Mitigation Strategies

• The area of the oil spill was contained and remediated with no anticipated long-term effects for either event.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: RGMP

Awards & Recognition

• Empresa Socialmente Responsable award