Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Air and water quality reported to be below national guidelines for particulates, gasses and dissolved metals. Air quality and noise measurements conducted in the Project area show levels are typical of rural areas in Perú and comply with environmental quality standards. No archaeological sites were identified in the area affected by the exploration activities.

Social Achievements

• Successful consultation with local communities, evidenced by minimal interruptions and opposition during exploration activities.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Potential effects on water quantity downstream of the Project site due to dewatering activities and the use of contact water in mining activities. Assumption in the PEA that water quality downstream of the Project will remain unaffected by the discharge of mining effluents needs to be verified. Assessment of the likely effects on stakeholders in the Project area of influence will need to be conducted, together with an appropriate assessment of permittability, social impacts, financial impacts, and mitigation measures that may be applicable. Requirement to relocate some stakeholders from the communities of Ccalla, Ccochapata, the town of Cotabambas, and the surrounding district.
• Need for additional agreements and permits for future mining operations and exploration activities outside permitted areas.

Mitigation Strategies

• A comprehensive environmental and social impact assessment (EIA) will be necessary for the Project in order to obtain necessary permits for construction, operations, and closure. This assessment will be conducted in compliance with Peruvian regulations. The EIA for the Project will include a conceptual closure plan to obtain the environmental approval. A detailed Mine Closure Plan must be submitted within one year after EIA approval. A provision of $50 M has been made in the Project financial model to take the closure costs into account. Mitigation measures to avoid, reduce, or compensate for potential Project effects will need to be developed and supported by comprehensive environmental and social baseline investigations and engineering studies.

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: ISO 9001:2000, ISO 17025

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
• Social
• Governance

Social Achievements

• Limited social engagement program initiated

Climate Goals & Targets

Environmental Challenges

• Limited environmental baseline studies conducted
• Inability to purchase or lease lands for project development
• Potential acid generation from waste rock and tailings

Mitigation Strategies

• Additional environmental baseline studies and social engagement program recommended
• Agreements to be negotiated with local communities and individual surface rights holders
• Additional geochemical and ABA testwork recommended to understand water treatment requirements and potential for acid generation

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101