Climate Change Data

GoldMining Inc.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Water Consumption:505,450 m3/year

ESG Focus Areas

  • Climate change
  • Water management
  • Cuttings management
  • Biodiversity management
  • Workforce health and safety
  • Human rights
  • Community relations
  • Local procurement
  • Corporate governance
  • Diversity and inclusion
  • ESG governance

Environmental Achievements

  • 100% reclamation of all 2022 active drill sites
  • 99% of water recycled
  • 500 trees replanted in São Jorge, Brazil
  • Zero drill cuttings released to the environment
  • No assets located in protected conservation areas or endangered species habitat
  • No assets located in water scarce jurisdictions

Social Achievements

  • Zero medical aid injuries, lost-time injuries or fatalities
  • 250 hours of health, safety & emergency response training provided to staff
  • Approximately 44% of procurement of goods and services sourced from local vendors, amounting to over $750,000 invested back into local communities
  • 100% of staff hired from the country of operation
  • Over $28,000 invested in local community programs

Governance Achievements

  • 100% Employees confirm adherence with Code of Business Conduct and Ethics
  • 43% female Executives & Senior Management
  • Ethnically-diverse representation on GMI Board

Climate Goals & Targets

Short-term Goals:
  • Increase local procurement spend to 50% average across all sites
  • Develop corporate drill cuttings and waste protocols aligned to best practices
  • Develop greenhouse gas (“GHG”) inventory template for exploration activities
  • Begin environmental baseline study for Yarumalito and Cachoeira Projects, including water monitoring, biodiversity and environmental studies
  • Increase female representation on the Board to at least 30% (by 2025)
  • Increase training on anti-corruption to all project sites and at corporate headquarters
  • Hold inaugural Safety and Sustainability Committee meeting

Environmental Challenges

  • Strengthening water monitoring, drill cuttings and emissions measurement programs to accurately measure and reduce environmental impact
Mitigation Strategies
  • Set goals to strengthen and improve water monitoring, drill cuttings and emissions measurement programs

Supply Chain Management

Responsible Procurement
  • Local procurement

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Towards Sustainable Mining (TSM)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:N/A
Scope 1 Emissions:N/A
Scope 2 Emissions:N/A
Scope 3 Emissions:N/A
Renewable Energy Share:N/A
Total Energy Consumption:N/A
Water Consumption:176.9 m³ (Colombia)
Waste Generated:0.10098 metric tons (Colombia)
Carbon Intensity:N/A

ESG Focus Areas

  • Corporate Governance
  • Diversity & Inclusion
  • ESG Governance
  • Climate Change
  • Water Management
  • Biodiversity Management
  • Health and Safety
  • Human Rights
  • Community Relations
  • Local Procurement

Environmental Achievements

  • Zero reportable environmental incidences.
  • Drill cuttings and waste protocols developed for all respective countries.
  • Biodiversity baseline assessment and social impact and engagement study completed for Yarumalito.
  • Preliminary Environmental License granted for Cachoeira in 2022.
  • Initial field tests completed in Cachoeira indicating a 60% recovery of mercury content and a 95% reduction in mercury needed to treat ore concentrate.

Social Achievements

  • Invested approximately $580,000 in local communities through local procurement.
  • Donated approximately $55,240 to local community organizations.
  • 632 hours of health and safety training for employees and contractors.
  • 26 stakeholder and community meetings held with 116 community leaders to develop the Yarumalito social development and management plan.

Governance Achievements

  • 100% compliance with material applicable regulations and laws.
  • First meeting of GMI’s Safety & Sustainability Committee held.
  • Anti-corruption training held for all project sites and corporate headquarters with 100% participation.

Climate Goals & Targets

Medium-term Goals:
  • Increase female representation on the Board to at least 30% by end of FY25.
Short-term Goals:
  • Measure GHG emissions at all active exploration sites.
  • Conduct climate risk assessment for material properties and report against the TCFD.
  • Ensure 100% compliance with applicable environmental regulation and zero environmental incidences.
  • Conduct 100% reclamation of all active drill sites.
  • Target strong safety record of zero lost-time injuries.
  • Conduct human rights training for Corporate and Site teams.
  • Increase local procurement spend to 50% average across all sites.

Environmental Challenges

  • One lost-time incident related to an injured ankle.
  • Did not achieve 50% average local procurement across all sites (achieved 38%).
  • Water quality challenges at São Jorge.
Mitigation Strategies
  • Strengthened Health and Safety protocols across sites, including conducting a performance assessment and additional training in Brazil.
  • Continued efforts to increase local procurement to 50% in FY24.
  • Further investigation of a water borehole at São Jorge in FY24.

Supply Chain Management

Supplier Audits: N/A

Responsible Procurement
  • Focus on local procurement and hiring.

Climate-Related Risks & Opportunities

Physical Risks
  • Drought
  • El Niño (water shortages)
  • Increased precipitation and extreme storms
Transition Risks
  • Increasing GHG regulation
  • Increased reporting requirements
Opportunities
  • New applications for gold in energy transition technologies (solar panels, fuel conversion, electric vehicles).

Reporting Standards

Frameworks Used: SASB, GRI

Third-party Assurance: N/A