Climate Change Data

Amerigo Resources Ltd.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Renewable Energy Share:100% (2020)
Total Energy Consumption:308,653 MWh (2020)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Received its first annual Renewable Energy Certificate (REC) issued by the International REC Standard, reliably claiming that 100% of MVC’s electricity consumption came from renewable sources in 2020.
  • In December 2021, MVC satisfactorily completed the external audits required to obtain the ISO 50001 Energy Management Systems certification.
  • MVC implemented measures to conserve water, improving water recovery by 10% to 15%.

Social Achievements

  • MVC operations continued without any significant disruptions due to COVID-19.
  • MVC’s average plant availability during 2021 was 98%.
  • The Company paid a quarterly dividend of Cdn$0.02 per share in Q4 2021 and Cdn$0.03 per share in Q1 2022.

Governance Achievements

  • The Company repurchased for cancellation 1,376,425 shares under the NCIB at an aggregate cost of $1.4 million.
  • The Company completed a Substantial Issuer Bid and took up and paid for 7,116,345 common shares at a price of Cdn$1.30 per common share for an aggregate cost of $7.4 million.
  • MVC satisfactorily completed the external audits required to obtain the ISO 50001 Energy Management Systems certification.

Climate Goals & Targets

Environmental Challenges

  • Fluctuating metal prices (copper and molybdenum).
  • Availability of tailings from Codelco’s El Teniente mine (interruptions due to various reasons).
  • Availability of water (drought conditions in 2019).
  • Compliance with environmental regulations (received a notification from Chile’s Environmental Supervisory Unit for three counts of non-compliance).
Mitigation Strategies
  • MVC completed an optimization study and laboratory work to increase the processing of fresh tailings and improve recoveries.
  • MVC implemented measures to maximize water recycling and minimize water loss.
  • MVC filed a Compliance Plan with the SMA to remedy the environmental non-compliance charges.
  • The Company manages liquidity risk through close controls on cash requirements and regular updates to short-term cash flow projections.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Drought

Reporting Standards

Frameworks Used: NI 43-101

Certifications: ISO 50001