Gold Terra Resource Corp.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Exploration programs conducted to comply with environmental regulations and respect communities and environments; Con mine reclamation near completion
Social Achievements
- Regular meetings with local communities, regulators, and stakeholders before and during exploration work; strives to earn social license
Governance Achievements
- Board of Directors approves and monitors risk management processes
Climate Goals & Targets
Short-term Goals:
- Increase drilling program south of Con mine to a depth of 1,000 meters with the objective of increasing high-grade gold mineral resource
Environmental Challenges
- Ongoing global economic weakness and volatile capital markets; limited opportunities to raise additional capital; potential need to abandon mineral properties if commitments cannot be met; potential future global outbreaks of contagious diseases
Mitigation Strategies
- Cautious management of cash reserves; review of mineral property commitments and working capital position; exploring various financing alternatives
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Exploration programs conducted to comply with environmental regulations and respect communities and environments.
Social Achievements
- Regular meetings with local communities, regulators, and stakeholders to understand important issues and enable social and economic benefits.
Governance Achievements
- Appointment of Paul Bonneville to the Board of Directors and Audit Committee.
- Grant of stock options to officers, employees, and consultants.
Climate Goals & Targets
Environmental Challenges
- Ongoing global economic weakness and volatile capital markets.
- Limited opportunities to raise additional capital.
- Potential need to abandon mineral properties due to financial constraints.
Mitigation Strategies
- Cautious approach to maintaining cash reserves.
- Securing funds from May 2023 and April 2024 offerings to meet obligations through 2024.
- Ongoing review of mineral property commitments and working capital.