Spanish Mountain Gold Ltd.
Climate Impact & Sustainability Data (2024, 2024-01-01 to 2024-06-30)
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Community Relations
- Indigenous Relations
Environmental Achievements
- Reduced the program’s carbon footprint by approximately 72% compared to a standard diesel operation by using renewable diesel for drills, heavy equipment and light vehicles.
Social Achievements
- Safe and on-budget completion of the 2024 drill program.
- Partnership with Hard Rock Diamond Drilling and Williams Lake First Nation.
- Partnership with SkyWest Environmental and Xatsull First Nation to overcome wildfire work restrictions.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Wildfire work restrictions delaying the program.
Mitigation Strategies
- Partnership with First Nations and environmental companies to overcome scheduling challenges and complete the program after restrictions were lifted.
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
Reporting Period: 2024-01-01 to 2024-06-30
Environmental Metrics
ESG Focus Areas
- Environmental Assessment and Permitting
- Electrification, lowering carbon intensity and greenhouse gas emissions
- Stakeholder Engagement (First Nations)
- Sustainable Mining Practices
Environmental Achievements
- Completed System Impact Study Stage 1 Technical Assessment with BC Hydro for a new power line; Received funding approval to assess power-efficient alternatives for mineral processing; Investigating sustainable tailings, waste, and water management solutions.
Social Achievements
- Active engagement with First Nations; Signed Engagement Protocol Agreements with Xatśūll First Nation and Lhtako Dené Nation; Working towards Life-of-Mine Relationship Agreements with First Nations.
Governance Achievements
- Engaged market-making services; Completed listing on the Frankfurt Stock Exchange; Engaged investor relations firms.
Climate Goals & Targets
Medium-term Goals:
- Embark on a PFS in 2025
Short-term Goals:
- Complete a new MRE and PEA by the end of Q1 2025
Environmental Challenges
- Delay in completing the environmental assessment process; Need to update the geological model and Pre-Feasibility Study; Potential for mineralization and follow up drilling or support historical condemnation assumptions.
Mitigation Strategies
- Completed a review of the geology and PFS; Engaged consultants for geological re-interpretation, structural modelling, and geochemical analysis; Undertaking a new Mineral Resource Estimate and Preliminary Economic Assessment; Investigating alternative mining scenarios and electrification options.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Electrification of mining operations; Reduction of carbon intensity.