Gatos Silver, Inc.
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Socially Responsible Conduct
- Corporate Governance Practices
Environmental Achievements
- CLG mine was built to world-class environmental standards; ensured operation is not causing air pollution through enclosure of surface conveyors and ore storage areas; constructed tailings storage facility with a double liner and leak detection; practiced continual reclamation by replanting inactive disturbed areas with native species plants.
Social Achievements
- Consistent reduction in lost-time injury frequency at CLG; annually funded purchase of educational materials for local schools and provided scholarships; built the first full-time medical clinic in the ejido of San Jose del Sitio; funded redevelopment of the community water system; proactive response to COVID-19, including access to molecular nasal testing, strong prevention protocols, and community aid; over 99% of employees reside in Mexico, with 24% from local communities and 60% residing in Chihuahua State; women comprise 20% of the workforce; CLG project recognized by the Mexican government as a socially responsible company for the third consecutive year.
Governance Achievements
- Separated the Board Chair and Chief Executive Officer role; Board comprised of nine highly qualified Directors from various countries with extensive experience in the resource sector.
Climate Goals & Targets
Short-term Goals:
- Extinguish the Los Gatos Working Capital Facility; Repurchase an 18.5% interest in the Los Gatos Joint Venture to increase ownership to 70.0%; Complete a feasibility study expanding the CLG production rate to 3,000 tpd; Further exploration of the Los Gatos District; Explore our wholly-owned Santa Valeria property.
Environmental Challenges
- COVID-19 pandemic resulted in a 45-day temporary suspension of non-essential activities at the CLG site; high fluorine content in concentrates required additional cleaning stages.
Mitigation Strategies
- Implemented health protocols, allowed remote work, reduced mining and milling, completed project enhancements, and finalized a mine plan; added additional flotation cells to the lead and zinc circuits to reduce fluorine content.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Recognized by the Mexican government as a socially responsible company for the third consecutive year.