Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental and Social Governance (ESG)

Environmental Achievements

• Life-of-mine spending in excess of US$20 million on environmental and social stewardship.

Social Achievements

• Significant commitment to ongoing environmental and social stewardship.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Potential opposition to activities and plans from local, international environmental or special interest groups as the project expands.
• Inflationary pressures impacting exploration costs in Brazil.
• Geo-political risks associated with operating in Brazil.
• Potential delays in obtaining required government approvals and permits.
• Risks associated with the exploration and development stage, including the possibility of unprofitable efforts and unforeseen technical difficulties.
• Need for additional funding to complete development and permitting of the CDS project.
• Potential for significant disruption to information technology systems.
• Potential title disputes related to mineral properties.
• Potential dilution to existing shareholders due to the need for additional financing.
• Impacts of international health pandemics (e.g., COVID-19) on operations.
• Fluctuations in the price of gold.
• Environmental regulations and requirements.
• Operating hazards and risks associated with mineral exploration and development.

Mitigation Strategies

• Close monitoring of activities and factors that could negatively impact them.
• Risk management and timely decisions regarding future property expenditures.
• Seeking additional funding to complete development and permitting.
• Implementing robust information technology security measures.
• Careful evaluation of title to properties.
• Managing liquidity risk by maintaining sufficient cash and cash equivalents.
• Temporary suspension of operations during COVID-19 pandemic and subsequent resumption.
• Compliance with environmental laws and regulations.
• Careful risk assessment and mitigation strategies for operating hazards.

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

• Community Relations
• Environmental Protection
• Education

Environmental Achievements

• Completion of EIA (Environmental Impact Assessment) in 2022
• Environmental regulator site visit in 2023
• Environmentally clean mining process (no sulphides)

Social Achievements

• Community support and engagement (townhall meetings, Esperança IV school rebuilding)
• Investment in local community projects
• Focus on health, education, and environment

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Obtaining necessary permits (LP permit)
• Not disclosed

Mitigation Strategies

• LP permit application submitted in July 2022
• Townhall meeting in November 2023 to address community concerns
• 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 and Social Governance (ESG)

Environmental Achievements

• A significant commitment to ongoing environmental and social stewardship with life-of-mine spending in excess of US$20 million.

Climate Goals & Targets

Environmental Challenges

• Potential opposition to activities and plans from local, international environmental or special interest groups as the size and scope of the project expands.
• Inflationary pressures impacting exploration costs in Brazil.
• Risks associated with fluctuations in the market price of gold impacting ability to raise capital.
• Geo-political risks associated with operating in Brazil.
• Potential delays in obtaining required government approvals and permits.
• Potential inability to obtain suitable or adequate machinery, equipment, power or labor.
• Risks associated with the exploration and development of mineral properties (unexpected geological formations, rock bursts, cave-ins, flooding, fires, earthquakes, etc.).
• Potential for liabilities to exceed insurance coverage.
• Competition within the mineral industry.
• Potential for disruptions due to international health pandemics (e.g., COVID-19).

Mitigation Strategies

• Close monitoring of activities and factors that could negatively impact them.
• Risk management and timely decisions regarding future property expenditures.
• Seeking additional funding to complete development and permitting of the CDS project.
• Relying on a variety of information technology and automated systems to manage and support operations.
• Maintaining sufficient cash and cash equivalents to meet current liabilities.
• Employing experienced employees and advisors to assist in risk management.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Completion of EIA (Environmental Impact Assessment) in 2022
• Environmental regulator site visit in 2023
• Permitted multi-million-ounce deposit in 2023
• Environmentally clean mining process (no sulphides)

Social Achievements

• Townhall Meeting in 2023
• Esperança IV School rebuilding
• Community engagement and investment
• Focus on health, education, and environment

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

• Community Relations
• Environmental Protection
• Health and Safety

Environmental Achievements

• Completion of EIA (Environmental Impact Assessment) in 2022
• Environmental regulator site visit in 2023
• Focus on environmentally clean mining with no sulphides

Social Achievements

• Community support and engagement (town hall meetings)
• Esperança IV school rebuilding
• Delivering plants to local community
• Involvement of local cyclists in educational initiatives

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 and Social Governance (ESG)

Environmental Achievements

• A significant commitment to ongoing environmental and social stewardship with life-of-mine spending in excess of US$20 million.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Potential opposition to activities and plans from local, international environmental or special interest groups as the size and scope of the project expands.
• Inflationary pressures impacting exploration costs in Brazil.
• Risks associated with fluctuations in the market price of gold.
• Geo-political risks associated with operating in Brazil.
• Potential delays in obtaining required government approvals and permits.
• Inability to obtain suitable or adequate machinery, equipment, power or labor.
• Water availability and handling.
• Land access.
• Potential title disputes.
• Possible international health pandemics.
• Competition within the minerals industry.
• Risks of human injury, environmental and legal liability and loss of assets.
• Dependence on key senior executives.
• Potential dilution to existing shareholders due to the need for additional financing.

Mitigation Strategies

• Close monitoring of activities and factors that could negatively impact them.
• Risk management by employees and advisors.
• Timely decisions regarding future property expenditures.
• Seeking additional funding to complete development and permitting.
• Maintaining sufficient cash and cash equivalents to meet current liabilities.
• Investing in short-term, highly liquid and highly-rated financial instruments.
• Minimizing cash held in Brazil.
• Temporary suspension of operations at the CDS camp during the Covid-19 pandemic and restarting operations later.
• Competing for qualified employees.
• May elect not to have insurance for certain risks due to high premiums or unavailability of insurance.

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