Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity and Inclusion
• Safety
• Human Rights
• Host Community Commitment
• Local Community Support

Environmental Achievements

• Andacollo Operations transitioned to 100% renewable power in September 2020.

Social Achievements

• Maintained a zero total recordable injury frequency rate for employees for the past five years.
• Implemented COVID-19 initiatives to support employee well-being, including remote work options and flexible hours.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic caused temporary operational curtailments at several operating properties and impacted production forecasting.
• COVID-19 protocols at Khoemacau caused significant workforce absences, affecting production.

Mitigation Strategies

• Monitored the impact of the pandemic on stream and royalty interests as part of regular asset impairment analysis.
• Khoemacau is working to receive lender support and additional equity contributions to meet working capital needs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, water shortages

Transition Risks

• Regulatory changes to reduce greenhouse gas emissions

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SK1300, CIM Standards, JORC Code

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

• Diversity and Inclusion
• Safety
• Human Rights
• Host Community Commitment
• Climate Change

Environmental Achievements

• Achieved a total recordable injury frequency rate of zero for employees for each of the past six years.
• Andacollo entered into a long-term power purchase agreement to provide 100% renewable power for its operations.

Social Achievements

• Maintained a very low voluntary turnover rate, with many current staff employed for over 10 years.
• Actively sought opportunities to advance sustainability initiatives supporting communities hosting operations.
• Annual charitable giving administered by an employee committee supporting local communities.

Governance Achievements

• Diversity & Inclusion Policy outlines values, commitment to a diverse and inclusive Board and workforce.

Climate Goals & Targets

Environmental Challenges

• Volatility in metal prices impacting revenue and cash flow.
• Limited access to data about operating properties hindering performance projection and assessment.
• Risks associated with conducting business in foreign countries.
• Inaccurate assumptions underlying operators’ production, mineral reserve, or mineral resource estimates.
• Growing environmental risks, including those associated with climate change.
• Potential for environmental liabilities for historic periods.
• Dependence on services of executives and other key employees.

Mitigation Strategies

• Continual review of opportunities to acquire new stream and royalty interests.
• Implementation of due diligence practices in acquisitions.
• Securing contractual rights to monitor operators’ compliance.
• Addressing climate change risks through proactive measures and enhanced disclosures.
• Maintaining a People Policy to ensure safe work conditions.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (flooding)
• Water shortages
• Wildfires

Transition Risks

• Regulatory changes to reduce greenhouse gas emissions
• Market shifts due to climate change

Reporting Standards

Frameworks Used: SK1300, NI 43-101, JORC Code, CIM Standards