Climate Change Data

Newlox Gold Ventures Corp.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental remediation
  • Social improvement for artisanal miners
  • Sustainable gold production

Environmental Achievements

  • Developed and implemented a gold recovery process requiring no crushing and minimal grinding, reducing operating costs and environmental impact.
  • Achieved 91% gold recovery in flotation tests, nearing laboratory results in the field.
  • Designed tailings remediation facility for efficiency and low environmental impact using proven industry-standard technology.

Social Achievements

  • Improved economic conditions for artisanal miners by providing a market for their tailings and removing waste from their mine sites.
  • Partnered with artisanal mining cooperatives, creating legal entities in Costa Rica.
  • Working with local communities to improve environmental and social conditions.

Governance Achievements

  • Established a strong governance structure with experienced management team.
  • Operates in Costa Rica, a politically stable country with established legal frameworks.

Climate Goals & Targets

Long-term Goals:
  • Become a mid-size gold producer.
Medium-term Goals:
  • Commission Plant 2 (Boston Project) at 150 tpd.
  • Reach +145,000 ounces of gold per year in 5 years by commissioning multiple plants.
Short-term Goals:
  • Increase production at Plant 1 to 80 tpd.

Environmental Challenges

  • Fluctuations in precious metal prices
  • Unpredictable results of operational activities
  • Fluctuations in the costs of goods and services
  • Problems associated with processing and trading operations
  • Changes in legal, social or political conditions in Costa Rica
Mitigation Strategies
  • Focus on low-CAPEX projects with rapid commissioning times.
  • Internal cash flow financing for growth.
  • Diversification of projects and partnerships.

Supply Chain Management

Responsible Procurement
  • Purchasing tailings from artisanal cooperatives on a per-truckload basis.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 13 (Climate Action)

Newlox's operations contribute to these goals through sustainable gold production, economic development for artisanal miners, and environmental remediation.

Sustainable Products & Innovation

  • Organic Aqua Regia (OAR) Technology