Climate Change Data

Compañía Minera Pangea S.A. de C.V.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:2,973 tCO2e/year
Scope 1 Emissions:1,050 tCO2e/year
Scope 2 Emissions:1,923 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0.92%
Total Energy Consumption:4,198,537 KW/year (non-renewable)
Water Consumption:41,700 megaliters/year
Waste Generated:Not disclosed
Carbon Intensity:3.49 tons of CO2 equivalent per ounce produced in 2022.

ESG Focus Areas

  • Community engagement
  • Environmental stewardship
  • Employee development
  • Responsible corporate governance

Environmental Achievements

  • Successfully recirculated 100% of the 14,000 cubic meters of water used daily in the leach pad.
  • Recycled 61 tons of cyanide in the plant.
  • Reactivated 91% of the used activated carbon for reuse.
  • Reforested 15 hectares.

Social Achievements

  • Invested 115,000 USD in education, health, and infrastructure projects.
  • 290 days without Lost Time Accidents.
  • Implemented a values training program for all employees.
  • Launched the “See Better” eye health campaign.

Governance Achievements

  • No allegations or instances of corruption, nor any fines or sanctions related to corruption.
  • Enhanced focus on ethics, human rights, and equity through a comprehensive training program.
  • Successfully recovered 14 months of VAT, including arrears from 2021.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Commence construction of Project Fenix in late 2023 and initiate production in the second half of 2024.
Short-term Goals:
  • Reforest an additional 20 hectares by 2023.
  • Establish a water purification plant by 2023.

Environmental Challenges

  • Two disabling accidents in the first quarter of 2022.
  • Transition to deeper sulfide mineralization not amenable to heap leaching.
  • Inflation and dollar fluctuation.
  • Increased tax and labor burdens.
Mitigation Strategies
  • Paused and critically reassessed daily operational safety protocols.
  • Halted mining and crushing activities in the second quarter of 2018.
  • Actively seeking effective solutions to inflation and dollar fluctuation challenges.
  • Optimizing expenses and initiating specific activities during the transition period.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • Procurement Procedure

Climate-Related Risks & Opportunities

Physical Risks
  • Increased rainfall and extended drought periods
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, UN Global Compact, Mining Association of Canada TSM Model, World Gold Council Principles of Responsible Mining, 17 Sustainable Development Goals

Certifications: Clean Industry Certification (PROFEPA), Safe Company Certification (STPS)

Third-party Assurance: Value Code

UN Sustainable Development Goals

  • 1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 16, 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed