Climate Change Data

Environmental Metrics

Governance Achievements

• Management Reorganization in December 2013, including appointment of Thomas E. Irwin as President and Chief Executive Officer and a 30% reduction in full-time staff.

Climate Goals & Targets

Environmental Challenges

• The Livengood Gold Project, the company's only project, is not commercially viable at current gold prices.
• The company has a history of losses and expects to continue to incur losses in the future.
• The company requires additional financing to fund exploration and development.
• The volatility of the price of gold could adversely affect future operations.
• Increased costs could affect the ability to bring projects into production and profitability.
• Resource exploration, development, and production involve a high degree of risk, and the company does not maintain insurance for certain risks.
• The company may not be able to obtain all required permits and licenses to place properties into production.
• Title to the Livengood Gold Project may be subject to defects in title or other claims.
• The company's activities are subject to environmental laws and regulations that may increase costs and restrict operations.
• Legislation has been proposed that would significantly affect the mining industry and the company's business.
• The mining industry is intensely competitive, and the company has limited financial and personnel resources.
• A shortage of equipment and supplies could adversely affect the ability to operate the business.
• The company is dependent on key personnel, and their absence could adversely affect the business.
• Canadian investors may not be able to enforce their civil liabilities against the company.

Mitigation Strategies

• Management is exploring opportunities for optimization and reducing project costs.
• The company is limiting 2014 spending to essential activities.
• The company is seeking a strategic alliance to help support the future development of the Project.
• The company has prepared for the potential of a continuing lower gold price by limiting 2014 spending to essential activities.
• The company reduced its full-time staff by approximately 30% effective January 1, 2014.
• The company maintains insurance within ranges of coverage consistent with industry practice.
• The company has received all necessary exploration permits for its activities in Alaska.
• The company has taken reasonable steps to verify title to mineral properties.
• The company is conducting extensive environmental baseline studies.
• The company is complying with applicable laws, regulations, and permits.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101