Climate Change Data

Environmental Metrics

Social Achievements

• Implemented companywide safety protocols (14-day self-isolation, travel restrictions, remote working, enhanced hygiene controls) in response to the COVID-19 pandemic.
• Provided assistance to neighboring communities by donating medical, hygiene, and food supplies.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic resulting in suspended field-based operations in Bolivia.
• Political and economic risks in Bolivia (government regulations, social unrest, potential changes in government positions on foreign investment, mining concessions, land tenure, environmental regulation, community relations, or taxation).
• Uncertainty regarding ratification of the Mining Production Contract (MPC) with COMIBOL.
• Potential for loss of key personnel.

Mitigation Strategies

• Implemented companywide safety protocols in response to the COVID-19 pandemic.
• Provided assistance to neighboring communities.
• Continued monitoring of the situation and planned recommencement of Silver Sand operations when deemed safe.
• Strategic review of the Tagish Lake Gold Project and establishment of a wholly owned subsidiary, Whitehorse Gold Corp., to hold its 100% interest.
• Reached a compensation agreement with the Qinghai Government for the RZY Project.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Implemented Companywide safety protocols including 14-day self-isolation where necessary, travel restrictions, remote working and enhanced hygiene controls in response to the COVID-19 pandemic; provided assistance to communities neighboring projects by donating medical, hygiene, personal protective equipment, and food supplies.

Governance Achievements

• Adopted a written code of business conduct and ethics; established procedures for dealing with conflicts of interest involving directors and officers.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacts (operating, supply chain, project development delays, market volatility); political and economic risks in Bolivia (government regulations, social unrest, expropriation, currency fluctuations); community relations and social license to operate; delays in implementing capital expenditure projects; general market events and conditions; no known commercial mineral deposits; changes in market price of metals; mining operations may not be established or profitable; estimates of mineralization figures; acquisition and maintenance of permits and government approvals; operations and exploration subject to governmental regulations; impact of environmental laws and regulations; mining is inherently dangerous; financing; competition; specialized skill and knowledge; title to mineral properties; conflicts of interest; cybersecurity risks; outcome of future litigation or regulatory actions; foreign currency exchange fluctuations; dependence on certain key personnel; recent and current market conditions.

Mitigation Strategies

• Implemented Companywide safety protocols; provided community assistance; strengthened treasury by raising net proceeds of CAD$38.9 million through two bought deal financings; developed and implemented good standard procedures for sample preparation, analytical, and security protocols; established an Audit Committee; adopted a written code of business conduct and ethics; established procedures for dealing with conflicts of interest.

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: NI 43-101

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

Climate Goals & Targets

Environmental Challenges

• Sufficient water rights for current activities, but additional water will be needed for mining and processing operations.
• PEL size sufficient for current mineralization, but additional land may be needed for deeper or lateral extensions and ancillary facilities.

Mitigation Strategies

• The company will need to secure additional water rights for future operations.
• The company will need to acquire additional land rights to accommodate future exploration and development.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Establishing a development fund for sustainable development projects in partnership with local communities.
• Advancing socialization process with communities and collecting environmental baseline data.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Illegal, artisanal, and small-scale mining on and near mineral concessions.
• Political and economic risks in Bolivia (government changes, instability, regulations).
• Community relations and maintaining a social license to operate.
• Acquisition and maintenance of permits and governmental approvals.
• Compliance with International Finance Corporation's eight performance standards for sustainable development.

Mitigation Strategies

• Formal legal proceedings commenced in December 2023 to address illegal mining.
• Working with local government authorities and external contractors to reduce illegal mining.
• Prioritizing community relationships and dedicating resources to responsibilities.
• Pursuing compliance with the International Finance Corporation's eight performance standards for sustainable development.

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

• Responsible Mining
• Community Relations
• Environmental Impact Assessment

Environmental Achievements

• Not disclosed

Social Achievements

• Advancing socialization process with communities; establishing framework to coexist with artisanal and small-scale miners (ASMs); implementing measures to safeguard cultural and historical heritage; addressing the presence of ASMs whose activities do not align with development objectives.

Governance Achievements

• Pursuing compliance with the International Finance Corporation’s eight performance standards for sustainable development.

Climate Goals & Targets

Environmental Challenges

• Illegal artisanal and small-scale mining (ASM) activities at the Silver Sand Project; political and economic risks in Bolivia; community relations and social license to operate; acquisition and maintenance of permits and governmental approvals; challenges related to the Frontier Area.

Mitigation Strategies

• Commenced legal proceedings against illegal ASMs; working with local communities, government authorities, and external consultants to reduce the prevalence of illegal ASMs; building stronger relationships with local communities; offering community development programs; pursuing compliance with IFC performance standards; working to secure necessary permits for Carangas Project; engaging with COMIBOL to obtain ratification and approval of the MPC.

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: IFC Performance Standards

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

• Stakeholder relationships
• Community engagement
• Responsible mining
• Environmental studies
• Socioeconomic studies
• Hydrological studies

Environmental Achievements

• Not disclosed

Social Achievements

• Working with local communities to secure surface rights and advance permitting; strong engagement at local, departmental, and federal levels leading to the passage of a Ministerial Resolution outlining the AMC conversion process.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Disruption of progress towards land lease agreements at Silver Sand due to illegal artisanal and small-scale miners operating within mineral rights.

Mitigation Strategies

• Legal action to protect rights, obtaining an execution order to restore rights, working with judiciary and law enforcement to enforce mineral rights.

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