Kuya Silver Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Long-term Goals:
- Build a 350 tpd processing plant at Bethania
Medium-term Goals:
- Advance underground development at Bethania
- Expand exploration strategy at Bethania, including Carmelita concessions
Short-term Goals:
- Review options to add value to the Bethania Silver Project, including toll-milling
Environmental Challenges
- Financing constraints
- Political and social risks in Peru (protests, blockades, potential tax increases)
- Permitting complexities and delays
- Fluctuating metal prices
- Environmental risks and regulations
- Competition in the mining industry
- Dependence on key personnel
- Cybersecurity risks
- Legal proceedings
- Reliance on local advisors
- Anti-corruption and anti-bribery compliance
- Risk of loss of concentrate in storage or transit
- Unauthorized mining
- Mine closure risks
- Conflicts of interest
- Inflation
- Health and safety risks
- Global economic conditions
- COVID-19 pandemic
- Climate change
- Fluctuation in the Price of Commodities
Mitigation Strategies
- Seeking various financing options
- Thoughtful stakeholder engagement plan in Peru
- Implementing health and safety measures
- Maintaining insurance to protect against certain risks
- Compliance with local and international standards
- Engaging security personnel to address illegal mining
- Closely monitoring the evolving COVID-19 crisis and adhering to best practices
- Mitigation strategies for climate change risks (not specified)
- Managing conflicts of interest as per BCBCA and the Code
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Changes in rainfall rates, reduced water availability, higher temperatures, increased snowfall, and other extreme weather events
Transition Risks
- Regulation in respect of emissions (such as carbon taxes) and energy efficiency