Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change & Energy Management
• Tailings & Waste
• Water
• Land Use & Biodiversity
• Indigenous and Community Relations
• Worker Health and Safety
• Diversity, Equity & Inclusion
• Ethics & Compliance

Environmental Achievements

• Reduced the use of bottled water brought in by airplane, transitioning to treated freshwater from the lake.
• Commissioned a sewage treatment plant.
• Collected extensive environmental baseline data over 10 years for the Springpole Gold Project.
• Spent over $4.9 million on environmental studies (2020: $1.7 million), including key wildlife and habitat studies.

Social Achievements

• Finalized development of Indigenous Peoples and Stakeholder Engagement policies.
• Increased Indigenous employees to nine out of 49 (six new hires in 2021).
• Procured over $2.5 million in goods and services locally, including from Indigenous businesses (up from $800,000 in 2020).
• Provided capacity support funding for all Indigenous communities ($500,000).
• Completed a comprehensive assessment of cultural heritage resources.
• Founding partner in Sioux Lookout Mining Centre of Excellence, providing basic mining training to 150 Indigenous youth.
• Funded Traditional Knowledge studies ($100,000).

Governance Achievements

• Hired a new female Board Member (1 of 4 independent directors).
• Developed a Health & Safety policy and program.
• Implemented a process for managing entity-level controls to manage business ethics risk.
• All employees trained on company policies with regular refresher training.

Climate Goals & Targets

Environmental Challenges

• Potential GHG emissions from the Springpole Gold Project.
• Managing potential acid generation and seepage from tailings.
• Potential effects on fish and fish habitat from dewatering.
• Balancing the needs of the project with the interests of Indigenous communities.

Mitigation Strategies

• Plan to connect Springpole Gold Project to the electrical power grid.
• Building an 89-kilometre transmission line.
• Considering a trolley assist system for haul trucks.
• Exploring renewable energy options (wind and solar).
• Designing a Co-Disposal Facility (CDF) to manage tailings and mine rock.
• Implementing offsetting and compensation measures for fish habitat impacts.
• Extensive engagement with Indigenous communities through consultation and information sharing.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Local procurement of goods and services, including from Indigenous businesses.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Opportunities to reduce GHG emissions through grid connection and renewable energy.

Reporting Standards

Frameworks Used: SASB Metals and Mining framework

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Good Health and Well-being
• Industry, Innovation and Infrastructure
• Gender Equality
• Climate Action
• Clean Water and Sanitation
• Decent Work and Economic Growth
• Partnerships for the Goals

FMG's initiatives contribute to these goals through environmental protection, community engagement, job creation, and sustainable development practices.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Indigenous Relations
• Community Relations
• Climate Change
• Water Management
• Land Use
• Biodiversity

Environmental Achievements

• Published Draft Environmental Assessment
• Aquatic Environmental DNA (eDNA) sampling program to assess the presence of Lake Sturgeon, a non-invasive method

Social Achievements

• 30% of full-time employees are female
• 19% of full-time employees self-identify as Indigenous
• Zero recordable injury cases
• $48k toward community investment
• $725k overall capacity support funding for Indigenous communities

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Null

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

• Environmental Impact
• Social Impact
• Governance

Environmental Achievements

• Completed upgrades to the sewage treatment system at the Springpole Project site and relocated fuel tanks further away from water sources.
• Initiated a regional caribou study, a wolverine study, and a Lake Sturgeon eDNA study at Springpole.
• Optimized the design for its co-disposal facility at Springpole, including hydraulic transport of tailings to reduce air emissions.

Social Achievements

• Increased percentage of full-time female employees from 35% to 43%.
• 19% of employees self-identified as Indigenous, including 55% of site staff at Springpole.
• Spent $4.7 million in goods and services with locally and Indigenous-owned businesses (24% increase from 2022).

Governance Achievements

• Two directors completed the ICD-Rotman directors Education Program.
• Established an anonymous grievance mechanism through the corporate Whistle-blower Policy/Hotline.
• Maintained and updated relevant policies including Code of Business Conduct and Ethics, Whistleblower Policy, Securities Trading Policy, etc.

Climate Goals & Targets

Environmental Challenges

• Regulatory review of the draft EIS/EA for Springpole, requiring responses to over 1,800 comments and questions.
• Legal challenge to the construction permit for a winter road overland for exploration camp resupply at Springpole.
• Addressing environmental and legacy issues from past mining activities at Duparquet.

Mitigation Strategies

• Working with reviewers to answer questions and incorporate feedback into the final EIS/EA for Springpole.
• Reached a settlement agreement with Cat Lake First Nation regarding the winter road permit at Springpole.
• Initiated discussions with relevant Quebec ministries to address environmental and legacy issues at Duparquet.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Procurement of goods and services from local and Indigenous businesses.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions affecting winter road access (Springpole).

Transition Risks

• Regulatory changes related to GHG emissions.

Opportunities

• Renewable energy integration at Springpole.

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed