About
This year’s disclosure is the first to have been prepared in conformance with our inaugural Materiality Assessment of sustainability topics, and the first of Alamos’ reports to utilize a microsite format
How We Report
Since 2013, Alamos has published an annual ESG Report to capture the management and results of sustainability initiatives associated with our operating mines, projects, and offices. While the disclosures within this Report are tailored to these operations, the information contained herein does not exclude any of Alamos’ subsidiaries. As such, there should be no discrepancies between the information reported herein and information provided through any other channel – including our consolidated financial reports. Please see our Annual Information Form for an organizational chart of all Alamos-associated entities. Our annual ESG Reports are not externally assured, but rather are subject to rigorous internal review for accuracy, consistency, and defensibility by committees which include Alamos senior executives.
This year’s disclosure (encompassing a reporting period of January 01, 2022 to December 31, 2022) is the first to have been prepared in conformance with our inaugural Materiality Assessment of sustainability topics, and the first of Alamos’ reports to utilize a microsite format. Aside from these updates, there have been no significant changes in scope, boundary, or measurement methods from previous reports. While great care is taken to produce a thorough report each year, where updated information or improved data collection methods become available, restatements of information from previous years may be made. These cases will be made clear where applicable. We continue to be transparent in our calculation methods and sources, and follow industry best-practice frameworks to ensure data comparability. Specifically, this Report has been prepared in reference to the Global Reporting Initiative (GRI) Standards, and in accordance with the Metals and Mining Standard of the Sustainability Accounting Standards Board (SASB), and the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD). Financial figures are reported in U.S. dollars, unless otherwise stated.
To expeditiously locate Sustainability information, users may utilize the GRI Content Map and SASB Content Map to be directed to specific disclosures within this Report and our Data Tables.
Materiality Assessment
The ESG reporting universe is highly dynamic with numerous disclosure standards and guidelines that are constantly developing. Rather than subscribing to an ever-changing list of industry reporting requirements, this year, Alamos has taken a robust approach to understanding our impacts across a comprehensive range of sustainability topics. By focusing on context-relevant topics, our report aims to capture the most useful, results-oriented sustainability information.
At our Young-Davidson and Island Gold mines in 2022, we worked with an independent consultancy to complete a series of documentation reviews, interviews, and workshops to better understand and measure the direct social and environmental impacts of our operations, and the indirect social and environmental impacts resulting from our value chain. The assessment involved Alamos staff and local community members and considered a comprehensive list of 60 sustainability issues that can be applicable to companies, as generated by the Embedding Project. Based on the results of this assessment, scores were applied for each topic at each operation, and consolidated1 into an Alamos-wide materiality score for Value Chain impacts (impacts Alamos may be subject to) and Operational Impacts (impacts Alamos may contribute to). Note that for the Mulatos Mine, an internal assessment was completed in 2022, and we are planning an independent assessment in 2023. The 23 highest-scoring topics were deemed material. In addition, 15 topics that fell outside of the top 23 are also required for disclosure by SASB and the TCFD, and have been included for a total of 38 sustainability topics to report on in 2022.
Rights and Wellbeing at Work | Figure 2.1
Rights and Wellbeing at Work
Rights and Resilience in Communities | Figure 2.2
Rights and Resilience in Communities
Governance and Ethics | Figure 2.3
Governance and Ethics
Materials and Waste | Figure 2.4
Materials and Waste
Ecosystems | Figure 2.5
Ecosystems
Water (Marine and Fresh) | Figure 2.6
Water (Marine and Fresh)
Pollutants | Figure 2.7
Pollutants
Climate | Figure 2.8
Climate
Text descriptions of each chart
To best serve all potential end users, Alamos provides both curated sustainability content and raw data. While our Report remains in accordance with SASB and TCFD and in alignment with GRI, the curated content afforded to each sustainability topic has been strategically determined through the Materiality Assessment. Data points that were determined to be of lesser relevance for Alamos Operations and our Value Chain have been intentionally excluded from the body of our Governance, Communities, Our People, and Environment tabs. However, all data that Alamos has disclosed in previous reporting periods will continue to be reported in the Data Tables and linked to the following GRI and SASB Content Maps.
GRI Content Map
GRI Indicator | Disclosure Requirement | Reference |
---|---|---|
General Disclosures | ||
2-1: Organizational details | a) Legal name | Home > Who We Are |
b) Nature of ownership and legal form | Home > Who We Are | |
c) Location of headquarters | Home > Where We Are | |
d) Countries of operation | Home > Where We Are | |
2-2: Entities included in the organization’s sustainability reporting | a) Entities included in sustainability reporting | About > How We Report |
b) Differences between entities included in financial reporting and sustainability reporting, if any | About > How We Report | |
c) Approach for consolidating information across entities | About > How We Report | |
2-3: Reporting period, frequency, and contact point | a) Reporting period and frequency of sustainability reporting | About > How We Report |
b) Reporting period for financial reporting | About > How We Report | |
c) Publication date | ||
d) Contact point for questions about sustainability reporting | Contact Us | |
2-4: Restatements of information | a) Reasons for restatements made from previous reporting periods | About > How We Report |
2-5: External assurance | a) Policy and practice for seeking external assurance, and involvement of highest governance body and senior executives | About > How We Report |
b) Whether sustainability reporting has been externally assured | About > How We Report | |
2-6: Activities, value chain and other business relationships | a) Business sector in which the organization is active | Home > Who We Are |
b) Supply chain, activities, products, services, and markets served | n/d | |
c) Relevant business relationships | n/d | |
d) Significant changes in value chain and business activities compared to previous reporting period | About > How We Report | |
2-7: Employees | a) Total employees by gender and region | Our People > Workforce > Table 2.1 Data Tables > Labor > Rows 2-22 |
b) Permanent, temporary, non-guaranteed hours, full-time, and part-time employees by gender and region | Our People > Workforce > Table 2.1 Data Tables > Labor > Rows 2-22 | |
c) Methodologies used to compile data | Our People > Workforce > Table 2.1 | |
d) Necessary contextual information | Our People > Workforce > Table 2.1 | |
e) Description of significant fluctuations in employees | Our People > Workforce > Table 2.2 | |
2-8: Workers who are not employees | a) Total number of workers who are not employees | Our People > Workforce > Table 2.1 |
b) Methodologies used to compile data | Our People > Workforce > Table 2.2 | |
c) Description of significant fluctuations in workers who are not employees | n/d | |
2-9: Governance structure and composition | a) Description of governance structure and committees of the highest governance body | Governance > Governance Approach > Structure |
b) List of committees responsible for decision-making and management of impacts on the economy, environment, and people | Governance > Governance Approach > Structure | |
c) Composition of the highest governance body | Governance > Governance Approach > Table 1.1 | |
2-10: Nomination and selection of the highest governance body | a) Nomination and selection process for the highest governance body and its committees | Management Information Circular |
b) Criteria used for nomination and selection | Management Information Circular | |
2-11: Chair of the highest governance body | a) Whether the chair of the highest governance body is also a senior executive in the organization | Governance > Business Ethics > Conflicts of Interest |
b) If the chair is also a senior executive, their function in management and reason for this arrangement | n/d | |
2-12: Role of the highest governance body in overseeing the management of impacts | a) Role of the highest governance body and senior executives in developing and approving values, strategies, policies, and goals related to sustainable development | Governance > Governance Approach > Structure |
b) Role of the highest governance body in overseeing due diligence processes to manage impacts on the economy, environment, and people | Governance > Governance Approach > Structure | |
c) Role of the highest governance body in reviewing the effectiveness of sustainability-related processes | Governance > Governance Approach > Structure | |
2-13: Delegation of responsibility for managing impacts | a) How the highest governance body delegates responsibility for management impacts to the economy, environment, and people | Governance > Governance Approach > Structure |
b) Process and frequency for senior executives and other employees to report to the highest governance body on the management of impacts to the economy, environment, and people | Governance > Governance Approach > Structure | |
2-14: Role of the highest governance body in sustainability reporting | a) Whether the highest governance body is responsible for reviewing and approving reported sustainability information | Governance > Governance Approach > Structure |
b) If not, explanation of reasoning | Governance > Governance Approach > Structure | |
2-15: Conflicts of interest | a) How the highest governance body prevents conflicts of interest | Governance > Business Ethics > Conflicts of Interest |
b) Whether conflicts of interest are disclosed to stakeholders | Governance > Business Ethics > Conflicts of Interest | |
2-16: Communication of critical concerns | a) How critical concerns are communicated to the highest governance body | Governance > Business Ethics > Communicating Critical Concerns |
b) Number and nature of critical concerns communicated to the highest governance body | Governance > Business Ethics > Communicating Critical Concerns | |
2-17: Collective knowledge of the highest governance body | a) Measures taken to advance the collective knowledge, skills, and experience of the highest governance body on sustainable development | Governance > Governance Approach > Continuous Improvement |
2-18: Evaluation of the performance of the highest governance body | a) How the performance of the highest governance body is evaluated | Governance > Governance Approach > Continuous Improvement |
b) Frequency of evaluations and whether they are independent | Governance > Governance Approach > Continuous Improvement | |
c) Actions taken in response to evaluations | Governance > Governance Approach > Continuous Improvement | |
2-19: Remuneration policies | a) Remuneration policies for members of the highest governance body and senior executives | Management Information Circular |
b) How these policies relate to performance and objectives related to impacts on the economy, environment, and people | Governance > Governance Approach > Structure | |
2-20: Process to determine remuneration | a) Process for determining remuneration and designing remuneration policies | Management Information Circular |
b) Results of stakeholder votes on remuneration policies and proposals | Results of the Annual General and Special Meeting of Shareholders | |
2-21: Annual total compensation ratio | a) Ratio of annual total compensation between highest-paid individual and median for all employees | Data Tables > Labor > Row 191 |
b) Ratio between the percentage increase for highest-paid individual and median percentage increase for all employees | Data Tables > Labor > Row 192 | |
c) Necessary contextual information on data compilation | n/d | |
2-22: Statement on sustainable development strategy | a) Statement from the most senior executive about the relevance of and strategy for sustainable development | Home > Message from the President and CEO |
2-23: Policy commitments | a) Policy commitments for responsible business conduct | Governance > Business Ethics > Our Commitment |
b) Policy commitment to respect human rights | Communities > Human Rights & Respect | |
c) Links to policy commitments | Governance > Our Policies | |
d) The level at which policy commitments were approved within the organization, and whether this is the most senior level | Governance > Our Policies | |
e) The extent to which policy commitments apply to the organization’s activities and business relationships | Governance > Our Policies | |
f) How policy commitments are communicated to workers, business partners, and other relevant parties | Governance > Our Policies | |
2-24: Embedding policy commitments | a) How policy commitments are embedded throughout business activities and relationships | Governance > Our Policies |
2-25: Process to remediate negative impacts | a) Commitments to remediate negative impacts caused or contributed to by the organization | Governance > Business Ethics > Communicating Critical Concerns |
b) Approach to identify and address grievances | Governance > Business Ethics > Communicating Critical Concerns | |
c) Other processes for remediating negative impacts | Governance > Business Ethics > Communicating Critical Concerns | |
d) How intended users of the grievance mechanism are involved in its design, review, operation, and improvement | Governance > Business Ethics > Communicating Critical Concerns | |
e) How the effectiveness of the grievance mechanism and other remediation processes is tracked | Governance > Business Ethics > Communicating Critical Concerns | |
2-26: Mechanisms for seeking advice and raising concerns | a) Mechanisms for individuals to seek advice on implementing responsible business conduct policies and to raise concerns | Governance > Business Ethics > Performance |
2-27: Compliance with laws and regulations | a) Number of fines and non-monetary sanctions for significant instances of non-compliance with laws and regulations during the reporting period | Governance > Business Ethics > Performance |
b) Value of fines for instances of non-compliance with laws and regulations in current reporting period and previous periods | Governance > Business Ethics > Performance | |
c) Description of significant instances of non-compliance | Governance > Business Ethics > Performance | |
d) How significant instances of non-compliance were determined | Governance > Business Ethics > Performance | |
2-28: Membership associations | a) Industry and other membership associations in which the organization participates | Governance > Stakeholder Management > Membership Associations |
2-29: Approach to stakeholder engagement | a) Description of stakeholder engagement approach | Governance > Stakeholder Management > Approach to Stakeholder Engagement |
2-30: Collective bargaining agreements | a) Percentage of employees covered by collective bargaining agreements | Our People > Labor Relations |
b) For employees not covered by collective bargaining agreements, whether their working conditions and terms of employment are based on agreements that cover other employees | Our People > Labor Relations | |
Economic Performance | ||
201-1: Direct economic value generated and distributed | a) Direct economic value generated, distributed, and retained | Data Tables > Economic > Rows 2-9 |
b) Economic values generated, distributed, and retained at country, regional, or market levels | Data Tables > Economic > Rows 2-10 | |
201-2: Financial implications and other risks and opportunities due to climate change | a) Risks and opportunities posed by climate change that have the potential to generate substantive changes in operations, revenue, or expenditure | Climate Change > Climate Risk Management Climate Change > Climate Strategy |
201-3: Defined benefit plan obligations and other retirement plans | a) If the plan’s liabilities are met by the organization’s general resources, the estimated value of those liabilities | Data Tables > Economic > Row 25 |
b) If a separate fund exists to pay the plan’s liabilities, the extent to which the scheme’s liabilities are estimated to be covered by allocated assets | n/a | |
c) If a fund to pay the plan’s liabilities is not fully covered, the strategy to work toward full coverage and timeline for achievement | n/a | |
d) Percentage of salary contributed by employee or employer | Data Tables > Economic > Row 26 | |
e) Level of participation in retirement plans | Data Tables > Economic > Rows 27-28 | |
201-4: Financial assistance received from government | a) Monetary value of financial assistance received from any government | Data Tables > Economic > Rows 10-19 |
b) The information in 201-4-a by country | Data Tables > Economic > Rows 20 -21 | |
c) Whether any government is present in the shareholding structure | Data Tables > Economic > Rows 22 | |
Market Presence | ||
202-1: Ratios of standard entry level wage by gender compared to local minimum wage | a) Ratio of entry level wage by gender to the local minimum wage for employees | Data Tables > Labor > Rows 185-189 |
b) Actions taken to determine whether workers who are not employees are paid above the minimum wage | n/d | |
c) Whether a local minimum wage is absent or variable at significant locations of operation, by gender | Data Tables > Labor > Row 185 | |
d) The definition used for ‘significant locations of operation’ | Home > Where We Are | |
202-2: Proportion of senior management hired from the local community | a) Percentage of senior management at significant locations of operation that are hired from the local community | Communities > Community Investment > Table 3.2 Data Tables > Social & Security > Row 3 |
b) The definition used for ‘senior management’ | Communities > Community Investment > Table 3.2 | |
c) The organization’s geographical definition of ‘local’ | Communities > Community Investment > Table 3.2 | |
d) The definition used for ‘significant locations of operation’ | Communities > Community Investment > Table 3.2 | |
Indirect Economic Impacts | ||
203-1: Infrastructure investments and services supported | a) Extent of development of significant infrastructure investments and services supported | Communities > Community Investment |
b) Current or expected positive and negative impacts on communities and local economies | Communities > Housing and Land | |
c) Whether these investments are commercial, in-kind, or pro bono engagements | Communities > Community Investment | |
203-2 : Significant indirect economic impacts | a) Examples of significant identified indirect economic impacts, both positive and negative | Communities > Housing and Land |
b) Significance of the indirect economic impacts in the context of external benchmarks and stakeholder priorities | n/d | |
Procurement Practices | ||
204-1: Proportion of spending on local suppliers | a) Percentage of the procurement budget used for significant locations of operations that is spent on suppliers local to that operation | Communities > Community Investment > Table 3.3 |
b) The organization’s geographical definition of ‘local’ | Communities > Community Investment > Table 3.3 | |
c) The definition used for ‘significant locations of operation’ | Communities > Community Investment > Table 3.3 | |
Anti-Corruption | ||
205-1: Operations assessed for risks related to corruption | a) Total number and percentage of operations assessed for risks related to corruption | Governance > Anti-Bribery & Corruption Data Tables > Governance > Row 16 |
b) Significant risks related to corruption identified through the risk assessment | Governance > Anti-Bribery & Corruption | |
205-2: Communication and training about anti-corruption policies and procedures | a) Total number and percentage of governance body members that the organization’s anti-corruption policies have been communicated to | Governance > Anti-Bribery & Corruption > Table 1.2 Data Tables > Governance > Rows 19-20 |
b) Total number and percentage of employees that the organization’s anti-corruption policies have been communicated to | Governance > Anti-Bribery & Corruption > Table 1.2 Data Tables > Governance > Rows 17-18 | |
c) Total number and percentage of business partners that the organization’s anti-corruption policies have been communicated to | Governance > Anti-Bribery & Corruption > Table 1.2 Data Tables > Governance > Rows 21-22 | |
d) Total number and percentage of governance body members that have received training on anti-corruption | n/d | |
e) Total number and percentage of employees that have received training on anti-corruption | n/d | |
205-3: Confirmed incidents of corruption and actions taken | a) Total number and nature of confirmed incidents of corruption | Governance > Anti-Bribery & Corruption Data Tables > Governance > Row 27 |
b) Total number of confirmed incidents in which employees were dismissed or disciplined for corruption | Governance > Anti-Bribery & Corruption Data Tables > Governance > Row 28 | |
c) Total number of confirmed incidents when contracts with business partners were terminated due to violations related to corruption | Governance > Anti-Bribery & Corruption Data Tables > Governance > Row 29 | |
d) Public legal cases regarding corruption brought against the organization or its employees | Governance > Anti-Bribery & Corruption Data Tables > Governance > Row 31 | |
Anti-Competitive Behaviour | ||
206-1: Legal actions for anti-competitive behavior, anti-trust, and monopoly practices | a) Number of legal actions pending or completed regarding anti-competitive behavior and violations of anti-trust and monopoly legislation in which the organization has been identified as a participant | Governance > Anti-Bribery & Corruption |
b) Main outcomes of completed legal actions, including any decisions or judgements | n/a | |
Tax | ||
207-1: Approach to tax | a) Description of the approach to tax | n/d |
207-2: Tax governance, control, and risk management | a) Description of the tax governance and control framework | n/d |
b) Description of the assurance process for disclosures on tax | n/d | |
207-3: Stakeholder engagement and management of concerns related to tax | a) A description of the approach to stakeholder engagement and management of stakeholder concerns related to tax | n/d |
207-4: Country-by-country reporting | a) All tax jurisdictions where the entities included in consolidated financial statements are resident for tax purposes | Data Tables > Tax |
b) Details on entities in each tax jurisdiction | Data Tables > Tax | |
c) The time period covered for reported tax information | Data Tables > Tax | |
Materials | ||
301-1: Materials used by weight or volume | a) Total weight and volume of non-renewable and renewable materials used to produce and package primary products | Data Tables > Environment > Rows 2-13 |
301-2: Recycled input materials used | a) Percentage of recycled input materials used to manufacture primary products | n/a |
301-3: Reclaimed products and their packaging materials | a) Percentage of reclaimed products and their packaging materials for each product category | n/a |
b) How the data for this disclosure have been collected | n/a | |
Energy | ||
302-1: Energy consumption within the organization | a) Fuel consumption within the organization from non-renewable sources including fuel types used | Environment > Energy > Table 4.1 |
b) Fuel consumption within the organization from renewable sources including fuel types used | Environment > Energy > Table 4.1 | |
c) Electricity, heating, cooling, and steam consumption | Data Tables > Environment > Rows 21-23 | |
d) Electricity, heating, cooling, and steam sold | Data Tables > Environment > Rows 25-29 | |
e) Total energy consumption within the organization | Environment > Energy > Table 4.1 | |
f) Standards, methodologies, assumptions, and calculation tools used | Environment > Energy > Table 4.1 | |
g) Source of the conversion factors used | Environment > Energy > Table 4.1 | |
302-2: Energy consumption outside of the organization | a) Energy consumption outside of the organization | Data tables > Environment > Rows 30-32 |
b) Standards, methodologies, assumptions, and calculation tools used | n/a | |
c) Source of the conversion factors used | n/a | |
302-3: Energy intensity | a) Energy intensity ratio for the organization | Environment > Energy > Table 4.2 Data Tables > Environment > Rows 33-35 |
b) Organization-specific metric chosen to calculate the ratio | Environment > Energy > Table 4.2 Data Tables > Environment > Rows 33-35 | |
c) Types of energy included in the intensity ratio; whether fuel, electricity, heating, cooling, steam, or all | Environment > Energy > Table 4.2 | |
d) Whether the ratio uses energy consumption both within and outside of the organization | Environment > Energy > Table 4.2 | |
302-4: Reduction of energy consumption | a) Reductions in energy consumption achieved as a direct result of conservation and efficiency initiatives | Data Tables > Environment > Rows 36-41 |
b) Types of energy included in the intensity ratio; whether fuel, electricity, heating, cooling, steam, or all | n/a | |
c) Basis for calculating reduction in energy consumption, such as base year or baseline | n/a | |
d) Standards, methodologies, assumptions, and calculation tools used | n/a | |
302-5: Reductions in energy requirements of products and services | a) Reductions in energy requirements of sold products and services achieved during the reporting period | n/a |
b) Basis for calculating reduction in energy consumption, such as base year or baseline | n/a | |
c) Standards, methodologies, assumptions, and calculation tools used | n/a | |
Water and Effluents | ||
303-1: Interactions with water as a shared resource | a) How the organization interacts with water, including how and where water is withdrawn, consumed, and discharged, and the water-related impacts the organization has caused or contributed to | Environment > Water |
b) Approach used to identify water-related impacts, including the scope of assessments and their timeframe | Environment > Water | |
c) How water-related impacts are addressed, including how the organization works with stakeholders to steward water as a shared resource, and how it engages with suppliers with significant water-related impacts | Environment > Water | |
d) Process for setting water-related goals and targets | Environment > Water | |
303-2: Management of water discharge-related impacts | a) Minimum standards for the quality of effluent discharge, and how these standards were determined | Environment > Water |
303-3: Water withdrawal | a) Total water withdrawals by water type | Environment > Water > Table 4.4 Environment > Water > Table 4.6 Environment > Water > Table 4.8 Data Tables > Environment > Rows 42-48 |
b) Water withdrawals from areas with water stress by water type | Data Tables > Environment > Rows 50-55 | |
c) Breakdown of total water withdrawal and withdrawal from areas of water stress by Freshwater and Other water | Data Tables > Environment > Rows 42-57 | |
d) Any contextual information necessary to understand how the data has been compiled | Environment > Water | |
303-4: Water discharge | a) Total water discharge by water type | Environment > Water > Table 4.4 Environment > Water > Table 4.6 Environment > Water > Table 4.8 Data Tables > Environment > Rows 59-64 |
b) Breakdown of total water discharge by Freshwater and Other water | Data Tables > Environment > Row 65 | |
c) Water discharge to areas of water stress broken down by Freshwater and Other water | n/a | |
d) Priority substances of concern for which discharges are treated, the approach for setting discharge limits, and number of incidents of non-compliance with discharge limits | Environment > Water | |
e) Any contextual information necessary to understand how the data has been compiled | Environment > Water | |
303-5: Water consumption | a) Total water consumption | Environment > Water Environment > Water > Table 4.3 Data Tables > Environment > Row 66 |
b) Water consumption from areas with water stress | Data Tables > Environment > Rows 67-68 | |
c) Change in water storage, if water storage has been identified as having a significant water-related impact | Data Tables > Environment > Rows 67-68 | |
d) Any contextual information necessary to understand how the data has been compiled | Environment > Water | |
Biodiversity | ||
304-1: Operational sites owned, leased, managed in, or adjacent to protected areas and areas of high biodiversity value outside protected areas | a) For each operational site owned, leased, managed in, or adjacent to protected areas and areas of high biodiversity value outside protected areas: (i) geographic location (ii) subsurface and underground land that is owned, leased, or managed by the operation (iii) position in relation to the protected area or high biodiversity value area (iv) type of operation (v) Size of site in km2 (vi) Biodiversity value characterized by attribute (vii) Biodiversity value characterized by listing of protected status | Environment > Biodiversity > Table 4.14 Environment > Biodiversity > Table 4.15 |
304-2: Significant impacts of activities, products and services on biodiversity | a) Nature of significant direct and indirect impacts on biodiversity | Environment > Biodiversity |
b) Significant direct and indirect impacts, both negative and positive, with reference to species affected, extent of areas impacted, duration of impacts, and reversibility or irreversibility of the impacts | Environment > Biodiversity | |
304-3: Habitats protected or restored | a) Size and location of all habitat areas protected or restored, and whether the success of the restoration measure was or is approved by independent external professionals | n/d |
b) Whether partnerships exist with third parties to protect or restore habitat areas distinct from where the organization has overseen and implemented restoration or protection measures | n/d | |
c) Status of each area based on its condition at the close of the reporting period | n/d | |
d) Standards, methodologies, and assumptions used | n/d | |
304-4: IUCN Red List species and national conservation list species with habitats in areas affected by operations | a) Number of IUCN Red List species and national conservation list species with habitats in areas affected by operations, by level of extinction risk | Environment > Biodiversity > Table 4.14 Data Tables > Environment > Rows 77-81 |
Emissions | ||
305-1: Direct (Scope 1) GHG emissions | a) Gross direct (Scope 1) GHG emissions | Climate Change > Climate Metrics & Targets > Table 5.5 Data Tables > Climate Change & Emissions > Row 2 |
b) Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all | Climate Change > Climate Metrics & Targets Data Tables > Climate Change & Emissions > Rows 3-10 | |
c) Biogenic CO2 emissions | Data Tables > Climate Change & Emissions > Row 5 | |
d) Base year for the calculation, if applicable | n/a | |
e) Source of the emission factors and the global warming potential (GWP) rates used | Climate Change > Climate Metrics & Targets > Table 5.5 | |
f) Consolidation approach for emissions; whether equity share, financial control, or operational control | Climate Change > Climate Metrics & Targets > Scope 1 and 2 | |
g) Standards, methodologies, assumptions, and/or calculation tools used | Climate Change > Climate Metrics & Targets > Scope 1 and 2 | |
305-2: Energy indirect (Scope 2) GHG emissions | a) Gross location-based energy indirect (Scope 2) GHG emissions | Climate Change > Climate Metrics & Targets > Table 5.6 Data Tables > Climate Change & Emissions > Row 11 |
b) If applicable, gross market-based energy indirect (Scope 2) GHG emissions | n/a | |
c) If available, gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all | n/d | |
d) Base year for the calculation, if applicable | n/a | |
e) Source of the emission factors and the global warming potential (GWP) rates used | n/d | |
f) Consolidation approach for emissions; whether equity share, financial control, or operational control | Climate Change > Climate Metrics & Targets > Scope 1 and 2 | |
g) Standards, methodologies, assumptions, and/or calculation tools used | Climate Change > Climate Metrics & Targets > Scope 1 and 2 | |
305-3: Other indirect (Scope 3) GHG emissions | a) Gross other indirect (Scope 2) GHG emissions | n/a |
b) If applicable, gross market-based energy indirect (Scope 2) GHG emissions | n/a | |
c) Biogenic CO2 emissions | n/a | |
d) Other indirect (Scope 3) GHG emissions categories and activities included in the calculation | Climate Change > Climate Metrics & Targets > Table 5.8 Data Tables > Climate Change & Emissions > Row 12 | |
e) Base year for the calculation, if applicable | n/a | |
f) Source of the emission factors and the global warming potential (GWP) rates used | n/d | |
g) Standards, methodologies, assumptions, and/or calculation tools used | Climate Change > Climate Metrics & Targets > Table 5.8 | |
305-4: GHG emissions intensity | a) GHG emissions intensity ratio | Climate Change > Climate Metrics & Targets > Table 5.7 Data Tables > Climate Change & Emissions > Rows 14-16 |
b) Organization-specific metric chosen to calculate the ratio | Climate Change > Climate Metrics & Targets > Table 5.7 | |
c) Types of GHG emissions included in the ratio; whether Scope 1, Scope 2, Scope 3, or all | Climate Change > Climate Metrics & Targets > Table 5.7 | |
d) Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all | Climate Change > Climate Metrics & Targets > Table 5.7 | |
305-5: Reduction of GHG emissions | a) GHG emissions reduced as a direct result of reduction initiatives | Data Tables > Climate Change & Emissions > Row 18 |
b) Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all | n/d | |
c) Base year for the calculation | n/d | |
d) Scopes in which the reductions took place; whether Scope 1, Scope 2, Scope 3, or all | n/d | |
e) Standards, methodologies, assumptions, and/or calculation tools used | n/d | |
305-6: Emissions of ozone-depleting substances (ODS) | a) Production, imports, and exports of ODS | Climate Change > Climate Metrics & Targets Data Tables > Climate Change & Emissions > Rows 19-22 |
b) Substances included in the calculation | n/a | |
c) Source of the emission factors used | n/a | |
d) Standards, methodologies, assumptions, and/or calculation tools used | n/a | |
305-7: Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions | a) Significant air emissions of NOx, SOx, persistent organic pollutants, volatile organic compounds, hazardous air pollutants and particulate matter | Environment > Air Quality > Table 4.16 Data Tables > Climate Change & Emissions > Rows 23-33 |
b) Source of the emission factors used | n/d | |
c) Standards, methodologies, assumptions, and/or calculation tools used | n/d | |
Effluents and Waste | ||
306-3: Significant spills | a) Total number and volume of recorded significant spills | Environment > Waste > Table 4.13 Data Tables > Environment > Rows 94-95 |
b) For each spill, the location, volume, and material | Environment > Waste > Table 4.13 | |
c) Impacts of significant spills | Environment > Waste > Table 4.13 | |
Waste | ||
306-1: Waste generation and significant waste-related impacts | a) Inputs, activities, and outputs that could lead to significant waste-related impacts, and whether these impacts stem from waste generated by the organization’s own activities, or from activities in its value chain | Environment > Waste |
306-2: Management of significant waste-related impacts | a) Actions taken to prevent waste generation and manage significant impacts from waste generated | Environment > Waste |
b) If applicable, the processes used to determine whether a third party is managing waste in line with contractual and legislative obligations | Environment > Waste | |
c) Processes used to collect and monitor waste-related data | Environment > Waste | |
306-3: Waste generated | a) Total weight of waste generated, by composition | Environment > Waste > Table 4.12 Data Tables > Environment > Rows 97-114 |
b) Contextual information necessary to understand data compilation | n/d | |
306-4: Waste diverted from disposal | a) Total weight of waste diverted from disposal, by composition | Environment > Waste > Table 4.12 Data Tables > Environment > Rows 115-132 |
b) Weight of hazardous waste diverted from disposal, broken down by recovery operation type | Environment > Waste > Table 4.12 Data Tables > Environment > Rows 115-123 | |
c) Weight of non-hazardous waste diverted from disposal, broken down by recovery operation type | Environment > Waste > Table 4.12 Data Tables > Environment > Rows 124-132 | |
d) For each recovery operation, a breakdown of the total weight of hazardous and non hazardous waste diverted from disposal onsite and offsite | Data Tables > Environment > Rows 124-132 | |
e) Contextual information necessary to understand data compilation | n/d | |
306-5: Waste directed to disposal | a) Total weight of waste directed to disposal, by composition | Environment > Waste > Table 4.12 Data Tables > Environment > Rows 133-154 |
b) Weight of hazardous waste directed to disposal, broken down by disposal operation type | Environment > Waste > Table 4.12 Data Tables > Environment > Rows 133-143 | |
c) Weight of non-hazardous waste directed to disposal, broken down by disposal operation type | Environment > Waste > Table 4.12 Data Tables > Environment > Rows 144-154 | |
d) For each disposal operation, a breakdown of the total weight of hazardous and non hazardous waste directed to disposal onsite and offsite | Data Tables > Environment > Rows 133-154 | |
e) Contextual information necessary to understand data compilation | n/d | |
Supplier Environmental Assessment | ||
308-1: New suppliers that were screened using environmental criteria | a) Percentage of new suppliers that were screened using environmental criteria | Data Tables > Environment > Rows 155-159 |
308-2: Negative environmental impacts in the supply chain and actions taken | a) Number of suppliers assessed for environmental impacts | Data Tables > Environment > Rows 155-159 |
b) Number of suppliers identified as having significant actual and potential negative environmental impacts | Data Tables > Environment > Rows 155-159 | |
c) Significant actual and potential environmental impacts identified in the supply chain | Data Tables > Environment > Rows 155-159 | |
d) Percentage of suppliers identified as having significant actual and potential negative environmental impacts with which improvements were agreed upon as a result of assessment | Data Tables > Environment > Rows 155-159 | |
e) Percentage of suppliers identified as having significant actual and potential negative environmental impacts with which relationships were terminated as a result of assessment | Data Tables > Environment > Rows 155-159 | |
Employment | ||
401-1: New employee hires and employee turnover | a) Total number and rate of new employee hires during the reporting period, by age group, gender, and region | Data Tables > Labor > Rows 75-87 |
b) Total number and rate of employee turnover during the reporting period by age group, gender, and region | Data Tables > Labor > Rows 88-115 | |
401-2: Benefits provided to full-time employees that are not provided to temporary or part-time employees | a) Benefits which are standard for full-time employees but are not provided to temporary or part-time employees, by significant locations of operation | Data Tables > Labor > Rows 158-159 |
b) The definition used for ‘significant locations of operation’ | Home > Where We Are | |
401-3: Parental leave | a) Total number of employees that were entitled to parental leave, by gender | Our People > Diversity, Equity & Inclusion > Table 2.7 Data Tables > Labor > Rows 158-181 |
b) Number of employees that took parental leave, by gender | Our People > Diversity, Equity & Inclusion > Table 2.7 Data Tables > Labor > Rows 158-181 | |
c) Number of employees that returned to work in the reporting period after parental leave ended, by gender | Our People > Diversity, Equity & Inclusion > Table 2.7 Data Tables > Labor > Rows 158-181 | |
d) Total number of employees that returned to work after parental leave ended that were still employed 12 months after their return to work, by gender | Our People > Diversity, Equity & Inclusion > Table 2.7 Data Tables > Labor > Rows 158-181 | |
e) Return to work retention rates of employees that took parental leave, by gender | Our People > Diversity, Equity & Inclusion > Table 2.7 Data Tables > Labor > Rows 158-181 | |
Labor/Management Relations | ||
402-1: Minimum notice periods regarding operational changes | a) Minimum number of weeks’ notice typically provide to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them | Our People > Labor Relations Data Tables > Labor > Row 198 |
b) Whether the notice period and provisions for consultation and negotiation are specified in collective agreements | Our People > Labor Relations | |
Occupational Health and Safety | ||
403-1: Occupational health and safety management system | a) Statement of whether an occupational health and safety management system has been implemented, including whether it’s been implemented due to legal requirements or recognized management system standards | Our People > Health and Safety > Management Systems Data Tables > Health & Safety > Rows 2-4 |
b) The scope of workers, activities, and workplaces covered by the occupational health and safety management system | Our People > Health and Safety > Management Systems | |
403-2: Hazard identification, risk assessment, and incident investigation | a) Processes used to identify work-related hazards and assess risks on a routine and non-routine basis, and to apply the hierarchy of controls in order to eliminate hazards and minimize risks | Our People > Health and Safety > Risk Identification and Response |
b) Processes for workers to report work-related hazards and hazardous situations, and an explanation of how workers are protected against reprisals | Our People > Health and Safety > Risk Identification and Response | |
c) Policies and processes for workers to remove themselves from work situations that they believe could cause injury or ill health, and an explanation of how workers are protected against reprisals | Our People > Health and Safety > Risk Identification and Response | |
d) Processes used to investigate work-related incidents, including the processes to identify hazards and assess risks relating to the incidents, to determine corrective actions using the hierarchy of controls, and to determine improvements needed in the occupational health and safety management system | Our People > Health and Safety > Risk Identification and Response | |
403-3: Occupational health services | a) The occupational health services’ functions that contribute to the identification and elimination of hazards and minimization of risks, and how the organization ensures the quality of these services and facilitates workers’ access to them | Our People > Health and Safety > Risk Identification and Response |
403-4: Worker participation, consultation, and communication on occupational health and safety | a) Processes for worker participation and consultation in the development, implementation, and evaluation of the occupational health and safety management system, and for providing access to and communicating relevant information on occupational health and safety to workers | Our People > Health and Safety > Management Systems |
b) Where formal joint management-worker health and safety committees exist, a description of their responsibilities, meeting frequency, decision-making authority, and whether any workers are not represented by these committees | Our People > Health and Safety > Management Systems | |
403-5: Worker training on occupational health and safety | a) Occupational health and safety training provided to workers, including generic training as well as training on specific work-related hazards, hazardous activities, or hazardous situations | Our People > Health and Safety > Management Systems |
403-6: Promotion of worker health | a) How the organization facilitates workers’ access to non-occupational medical and healthcare services, and the scope of access provided | Our People > Health and Safety > Management Systems |
b) Voluntary health promotion services and programs offered to workers to address major non-work-related health risks, including the specific health risks addressed, and how the organization facilitates workers’ access to these services and programs | Our People > Health and Safety > Management Systems | |
403-7: Prevention and mitigation of occupational health and safety impacts directly linked by business relationships | a) Approach to preventing or mitigating significant negative occupational health and safety impacts that are directly linked to its operations, products or services by its business relationships, and the related hazards and risks | Our People > Health and Safety > Risk Identification and Response |
403-8: Workers covered by an occupational health and safety management system | a) The number and percentage of employees and workers who are not employees who are covered by an occupational health and safety management system, and the number and percentage of those who are covered by audited systems, separated by internally and externally audited | Our People > Health and Safety > Management Systems > Table 2.3 |
b) Whether any workers have been excluded from this disclosure and why | n/a | |
c) Necessary contextual information on data compilation | n/a | |
403-9: Work-related injuries | a) Work-related injury statistics for employees | Our People > Health and Safety > Performance > Table 2.5 Data Tables > Health & Safety > Rows 5-36 |
b) Work-related injury statistic for workers who are not employees | Our People > Health and Safety > Performance > Table 2.5 Data Tables > Health & Safety > Rows 5-36 | |
c) Work-related hazards that pose a risk of high-consequence injury | Our People > Health and Safety > Risk Identification and Response | |
d) Actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls | Our People > Health and Safety > Risk Identification and Response | |
e) Whether the rates have been calculated based on 200,000 or 1,000,000 hours worked | Our People > Health and Safety > Performance > Table 2.5 Data Tables > Health & Safety > Rows 5-36 | |
f) Whether any workers have been excluded from this disclosure and why | n/d | |
g) Necessary contextual information on data compilation | n/d | |
403-10: Work-related ill health | a) Work-related ill health statistics for employees | Our People > Health and Safety > Performance Data Tables > Health & Safety > Rows 37-42 |
b) Work-related ill health statistics for workers who are not employees | Our People > Health and Safety > Performance Data Tables > Health & Safety > Rows 37-42 | |
c) Work-related hazards that pose a risk of ill health | Our People > Health and Safety > Risk Identification and Response | |
d) Whether any workers have been excluded from this disclosure and why | n/d | |
e) Necessary contextual information on data compilation | n/d | |
Training and Education | ||
404-1: Average hours of training per year per employee | a) Average hours of training that the organization’s employees have undertaken during the reporting period, by gender and employee category | Our People > Health and Safety > Training > Table 2.4 Data Tables > Labor > Rows 116-136 |
404-2: Programs for upgrading employee skills and transition assistance programs | a) Type and scope of programs implemented and assistance provided to upgrade employee skills | Our People > Health and Safety > Training |
b) Transition assistance programs provided to facilitate continued employability and the management of career endings resulting from retirement or termination of employment | n/d | |
404-3: Percentage of employees receiving regular performance and career development reviews | a) Percentage of total employees by gender and by employee category who received a regular performance and career development review during the reporting period | Our People > Workforce Data Tables > Labor > Rows 137-157 |
Diversity and Equal Opportunity | ||
405-1: Diversity of governance bodies and employees | a) Percentage of individuals within the organization’s governance bodies of each gender, age group, and other indicators of diversity | Governance > Governance Approach > Structure > Table 1.1 |
b) Percentage of employees per employee category of each gender, age group, and other indicators of diversity | Our People > Diversity, Equity & Inclusion > Table 2.6 Data Tables > Labor > Rows 27-74 | |
405-2: Ratio of basic salary and remuneration of women to men | a) Ratio of the basic salary and remuneration of women to men for each employee category, by significant locations of operation | Data Tables > Labor > Rows 184-186 |
b) Definition used for ‘significant locations of operation’ | Home > Where We Are | |
Non-Discrimination | ||
406-1: Incidents of discrimination and corrective actions taken | a) Total number of incidents of discrimination during the reporting period | Our People > Diversity, Equity & Inclusion |
b) Status of the incidents and actions taken | n//a | |
Freedom of Association and Collective Bargaining | ||
407-1: Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | a) Operations and suppliers in which workers’ rights to exercise freedom of association or collective bargaining may be violated or at significant risk | Our People > Labour Relations |
b) Measures taken intended to support rights to exercise freedom of association and collective bargaining | Our People > Labour Relations | |
Child Labor | ||
408-1: Operations and suppliers at significant risk for incidents of child labor | a) Operations and suppliers considered to have significant risk for incidents of child labor and young workers exposed to hazardous work | Our People > Labour Relations |
b) Operations and suppliers considered to have significant risk for incidents of child labor broken down by type of operation and supplier, and countries or geographic areas with operations and suppliers considered at risk | n/a | |
c) Measures taken intended to contribute to the effective abolition of child labor | Our People > Labour Relations | |
Forced or Compulsory Labor | ||
409-1: Operations and suppliers at significant risk for incidents of forced or compulsory labor | a) Operations and suppliers considered to have significant risk for incidents of forced or compulsory labor broken down by type of operation and supplier, and countries or geographic areas with operations and suppliers considered at risk | Our People > Labour Relations |
b) Measures taken intended to contribute to the elimination of forced or compulsory labor | Our People > Labour Relations | |
Security Practices | ||
410-1: Security personnel trained in human rights policies or procedures | a) Percentage of security personnel who have received formal training in the organization’s human rights policies or specific procedures and their application to security | Communities > Human Rights & Respect |
b) Whether training requirements also apply to third-party organizations providing security personnel | Communities > Human Rights & Respect | |
Rights of Indigenous Peoples | ||
411-1: Incidents of violations involving the rights of Indigenous peoples | a) Total number of identified incidents of violations involving the rights of Indigenous peoples during the reporting period | Communities > Rights of Indigenous Peoples |
b) Status of the incidents and actions taken | Communities > Rights of Indigenous Peoples | |
Local Communities | ||
413-1: Operations with local community engagement, impact assessments, and development programs | a) Percentage of operations with implemented local community engagement, impact assessments, and/or development programs | Communities > Human Rights & Respect > Table 3.1 |
413-2: Operations with significant actual and potential negative impacts on local communities | a) Operations with significant actual and potential negative impacts on local communities | Communities > Housing and Land |
Supplier Social Assessment | ||
414-1: New suppliers that were screened using social criteria | a) Percentage of new suppliers that were screened using social criteria | n/d |
414-2: Negative social impacts in the supply chain and actions taken | a) Number of suppliers assessed for social impacts | Data Tables > Social & Security > Row 5 |
b) Number of suppliers identified as having significant actual and potential negative social impacts | Data Tables > Social & Security > Row 6 | |
c) Significant actual and potential social impacts identified in the supply chain | n/d | |
d) Percentage of suppliers identified as having significant actual and potential negative social impacts with which improvements were agreed upon as a result of assessment | Data Tables > Social & Security > Row 7 | |
e) Percentage of suppliers identified as having significant actual and potential negative social impacts with which relationships were terminated as a result of assessment | Data Tables > Social & Security > Row 8 | |
Public Policy | ||
415-1: Political contributions | a) Total monetary value of financial and in-kind political contributions made directly and indirectly by the organization by country and recipient/beneficiary | Data Tables > Economic > Rows 23-24 |
b) If applicable, how the monetary value of in-kind contributions was estimated | n/a |
SASB Content Map
SASB Indicator | Response | Reference |
---|---|---|
Greenhouse Gas Emissions | ||
EM-MM-110a.1: Gross global Scope 1 emissions, percentage covered under emissions-limiting regulations | 169,302 tCO2e, 100% | Climate Change > Performance (Metrics and Targets) > Scope 1 and 2 Data Tables > Climate Change & Emissions > Row 2 |
EM-MM-110a.2: Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets | Climate Change > Climate Strategy > Figure 5.3 | |
Air Quality | ||
EM-MM-120a.1: Air emissions of the following pollutants: (1) CO, (2) NOx (excluding N2O), (3) SOx, (4) particulate matter (PM10), (5) mercury (Hg), (6) lead (Pb), and (7) volatile organic compounds (VOCs) | (1) 582 t (2) 4844 t (3) 15.4 t (4) 226.8 t (5) 0.00000204 t (6) 0.001234 t (7) 42.9 t | Environment > Air Quality > Table 4.16 Data Tables > Climate Change & Emissions > Rows 23-33 |
Energy Management | ||
EM-MM-130a.1: (1) Total energy consumed, (2) percentage grid electricity, (3) percentage renewable | (1) 3,592,064 GJ (2) 34% (3) 0% | Environment > Energy > Table 4.1 |
Water Management | ||
EM-MM-140a.1: (1) Total fresh water withdrawn, (2) total fresh water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress | (1) 6,495.9 ML (2) 3,445.3 ML, 0% | Environment > Water > Our Commitment > Table 4.3 Data Tables > Environment > Row 68 |
EM-MM-140a.2: Number of incidents of non-compliance associated with water quality permits, standards, and regulations | 0 | Environment > Water > Our Commitment Data Tables > Environment > Row 70 |
Waste & Hazardous Materials Management | ||
EM-MM-150a.4: Total weight of non-mineral waste generated | 7,674 t | Environment > Waste > Table 4.12 Data Tables > Environment > Row 97 |
EM-MM-150a.5: Total weight of tailings produced | 3,291,903 t | Environment > Waste > Table 4.12 Data Tables > Environment > Row 112 |
EM-MM-150a.6: Total weight of waste rock generated | 32,213,858 t | Environment > Waste > Table 4.12 Data Tables > Environment > Row 113 and 114 |
EM-MM-150a.7: Total weight of hazardous waste generated | 27,686,035 t | Environment > Waste > Table 4.12 Data Tables > Environment > Row 98 and 111 |
EM-MM-150a.8: Total weight of hazardous waste recycled | 496 t | Environment > Waste > Table 4.12 Data Tables > Environment > Row 115 |
EM-MM-150a.9: Number of significant incidents associated with hazardous materials and waste management | 3 | Environment > Waste > Table 4.13 Data Tables > Environment > Row 96 |
EM-MM-150a.10: Description of waste and hazardous materials management policies and procedures for active and inactive operations | Environment > Waste | |
Biodiversity Impacts | ||
EM-MM-160a.1: Description of environmental management policies and practices for active sites | Environment > Nature | |
EM-MM-160a.2: Percentage of mine sites where acid rock drainage is: (1) predicted to occur, (2) actively mitigated, and (3) under treatment or remediation | (1) 33% (2) 33% (3) 33% | Environment > Water > Table 4.10 Data Tables > Environment > Rows 71-73 |
EM-MM-160a.3: Percentage of (1) proved and (2) probable reserves in or near sites with protected conservation status or endangered species habitat | (1) 100% (2) 100% | Environment > Nature > Table 4.14 Data Tables > Environment > Rows 82-93 |
Security, Human Rights, & Rights of Indigenous Peoples | ||
EM-MM-210a.1: Percentage of (1) proved and (2) probable reserves in or near areas of conflict | (1) Gold: 8%, Silver: 54% (2) Gold: 20%, Silver, 31% | Data Tables > Social & Security > Rows 24-35 |
EM-MM-210a.2: Percentage of (1) proved and (2) probable reserves in or near Indigenous land | (1) Gold: 90%, Silver: 10% (2) Gold: 75%, Silver, 7% | Data Tables > Social & Security > Rows 10-21 |
EM-MM-210a.3: Discussion of engagement processes and due diligence practices with respect to human rights, Indigenous rights, and operation in areas of conflict | Communities > Human Rights & Respect > Paragraph 4 | |
Community Relations | ||
EM-MM-210b.1: Discussion of process to manage risks and opportunities associated with community rights and interests | Communities > Human Rights & Respect > Paragraph 2 | |
EM-MM-210b.2: Number and duration of non-technical delays | 0 | Communities > Human Rights & Respect > Paragraph 3 |
Labor Relations | ||
EM-MM-310a.1: Percentage of active workforce covered under collective bargaining agreements, broken down by U.S. and foreign employees | 16% | Our People > Labor Relations > Table 2.8 Data Tables > Labor > Row 193 |
EM-MM-310a.2: Number and duration of strikes and lockouts | 0 | Our People > Labor Relations > Paragraph 2 Data Tables > Labor > Rows 194-196 |
Workforce Health & Safety | ||
EM-MM-320a.1: (1) fatality rate, (2) near miss frequency rate (NMFR) and (3) average hours of health, safety, and emergency response training for (a) full-time employees and (b) contract employees | (1a) 0.16 (1b) 0.00 (2a) 5.92 (2b) 3.14 (3a) 57 (3b) ND | Our People > Training > Table 2.4 Data Tables > Health & Safety |
Business Ethics & Transparency | ||
EM-MM-510a.1: Description of the management system for prevention of corruption and bribery throughout the value chain | Governance > Business Ethics > Anti-Bribery & Corruption | |
EM-MM-510a.2: Production in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index | 0 | Governance > Business Ethics > Anti-Bribery & Corruption |
Tailings Storage Facility Management | ||
EM-MM-540a.1: Tailings storage facility inventory table: (1) facility name, (2) location, (3) ownership status, (4) operational status, (5) construction method, (6) maximum permitted storage capacity, (7) current amount of tailings stored, (8) consequence classification, (9) date of most recent independent technical review, (10) material findings, (11) mitigation measures, (12) site-specific EPRP | Overview of Alamos Tailings Facilities | |
EM-MM-540a.2: Summary of tailings management systems and governance structure used to monitor and maintain the stability of tailings storage facilities | Environment > Tailings | |
EM-MM-540a.3: Approach to development of Emergency Preparedness and Response Plans (EPRPs) for tailings storage facilities | Environment > Tailings > Paragraph 6 |
Cautionary Statements
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this report. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This report contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian and U.S. securities laws. All statements other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are, or may be deemed to be, forward-looking statements and are generally, but not always, identified by the use of forward-looking terminology such as “expect”, “intend”, “estimate”, “potential”, “outlook”, “target”, “aim”, “strive”, “on track”, “continue”, “ongoing”, “objective”, “goal”, “plan” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved or the negative connotation of such terms.
Forward-looking statements in this report include, but may not be limited to, information as to strategy, plans, expectations or future financial or operating performance, such as the Company’s sustainability strategy, environmental and workplace health and safety programs, corporate social responsibility, governance, climate-related strategy, risks and opportunities, expected reduction in greenhouse gas emissions and timing related thereto, completion of the construction of an electrical transmission line at the Mulatos Mine, exploration outlook, mine life, mineral reserves and resources, forecast gold production, gold grades, recoveries, waste-to-ore ratios, costs, effects of completion of the Phase 3+ expansion project at the Island Gold mine, opportunities presented by the Company’s development stage project in Lynn Lake, Manitoba, continued Company growth, long-term value for stakeholders and future plans and objectives based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Company as at the date of this report, are inherently subject to significant business, economic, technical, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information.
Such factors include (without limitation): changes to current estimates of mineral reserves and resources; changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance; weather issues, labour and contractor availability and other operating or technical difficulties); operations may be exposed to new diseases, epidemics and/or pandemics, including any ongoing effects and potential future effects of COVID-19 and its impact on the broader market and the trading price of the Company’s shares; governmental orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for the Company’s operations) in Canada, Mexico, the United States and Türkiye; the duration of regulatory responses to any disease, epidemic and/or pandemic; government and the Company’s attempts to reduce the spread of COVID-19 or any other new disease, epidemic and/or pandemic which may affect many aspects of the Company’s operations including the ability to transport personnel to and from site, contractor and supply availability and the ability to sell or deliver gold doré bars; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; changes in foreign exchange rates (particularly the Canadian Dollar, Mexican Peso, U.S. Dollar and Turkish Lira); the impact of inflation; changes in the Company’s credit rating; any decision to declare a quarterly dividend; employee and community relations; the impact of litigation and administrative proceedings (including but not limited to the investment treaty claim announced on April 20, 2021 against the Republic of Türkiye by the Company’s wholly-owned Netherlands subsidiaries, Alamos Gold Holdings Coöperatief U.A, and Alamos Gold Holdings B.V., the application for judicial review of the positive Decision Statement issued by the Ministry of Environment and Climate Change Canada commenced by the Mathias Colomb Cree Nation (MCCN) in April, 2023 in respect of the Lynn Lake Project and the MCCN’s corresponding internal appeal of the Environment Act Licences issued by the Province of Manitoba for the project) and any resulting court, arbitral and/or administrative decisions; disruptions affecting operations; availability of, and increased costs associated with, mining inputs and labour; delays with: the Phase 3+ expansion project at the Island Gold mine, permitting, construction decisions and any development of the Lynn Lake Project and/or construction of the electrical transmission line at the Mulatos Mine; the risk that the Company’s mines may not perform as planned; uncertainty with the Company’s ability to secure additional capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining necessary licenses and permits, including the necessary licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities for the Company’s development stage and operating assets; labour and contractor availability (and being able to secure the same on favourable terms); indigenous title claims, rights to consultation/accommodation, and the Company’s relationship with local communities may affect the Company’s existing operations and development projects; contests over title to properties; expropriation or nationalization of property; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial hazards and accidents, unusual or unexpected formations, pressures and cave-ins; changes in national and local government legislation, controls or regulations in Canada, Mexico, Türkiye, the United States and other jurisdictions in which the Company does or may carry on business in the future; increased costs and risks, including physical and operational risks, related to the potential impact of climate change and other climate-related risks such as warm spells, cold spells, heavy precipitation, storms, wildfires, floods, drought, which may have an effect on mine permitting, operations, ore extraction, mine closure or impact on employee safety and the local environment; problems with water sources could have a negative impact on the Company’s exploration programs and future operations; the Company’s activities are subject to environmental laws and regulations that may increase its costs of doing business and restrict its operations; failure to comply with environmental and health and safety laws and regulations; disruptions in the maintenance or provision of required infrastructure and information technology systems; risk of loss due to sabotage, protests and other civil disturbances; the costs and timing of construction and development of new deposits; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company. The litigation against the Republic of Türkiye, described above, results from the actions of the Turkish government in respect of the Company’s projects in the Republic of Türkiye. Such litigation is a mitigation effort and may not be effective or successful. If unsuccessful, the Company’s projects in Türkiye may be subject to resource nationalism and further expropriation; the Company may lose any remaining value of its assets and gold mining projects in Türkiye and its ability to operate in Türkiye. Even if successful, there is no certainty as to the quantum of any damages award or recovery of all, or any, legal costs. Any resumption of activities in Türkiye or even retaining control of its assets and gold mining projects in Türkiye can only result from agreement with the Turkish government. The investment treaty claim described herein may have an impact on foreign direct investment in the Republic of Türkiye which may result in changes to the Turkish economy, including but not limited to high rates of inflation and fluctuation of the Turkish Lira which may also affect the Company’s relationship with the Turkish government, the Company’s ability to effectively operate in Türkiye, and which may have a negative effect on overall anticipated project values.
Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this report are set out in the Company’s latest 40-F/Annual Information Form and Management’s Discussion and Analysis each under the heading “Risk Factors”, available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information and risk factors and assumptions found in this report.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Note to U.S. Investors
All resource and reserve estimates included in this report or documents referenced in this report have been prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Mining disclosure in the United States was previously required to comply with SEC Industry Guide 7 (“SEC Industry Guide 7”) under the United States Securities Exchange Act of 1934, as amended. The U.S. Securities and Exchange Commission (the “SEC”) has adopted final rules, to replace SEC Industry Guide 7 with new mining disclosure rules under sub-part 1300 of Regulation S-K of the U.S. Securities Act (“Regulation S-K 1300”) which became mandatory for U.S. reporting companies beginning with the first fiscal year commencing on or after January 1, 2021. Under Regulation S-K 1300, the SEC now recognizes estimates of “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”. In addition, the SEC has amended its definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to international standards.
Investors are cautioned that while the above terms are “substantially similar” to CIM Definitions, there are differences in the definitions under Regulation S-K 1300 and the CIM Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the mineral reserve or mineral resource estimates under the standards adopted under Regulation S-K 1300. U.S. investors are also cautioned that while the SEC recognizes “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under Regulation S-K 1300, investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater degree of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable.
Non-GAAP Measures
In addition to disclosing results determined in accordance with generally accepted accounting principles (GAAP), Alamos Gold Inc. may also disclose certain non-GAAP financial measures, which are presented in accordance with International Financial Reporting Standards (IFRS), including the following: (1) total mine-site free cash flow; (2) total cash cost per ounce of gold sold; and (3) all-in sustaining cost per ounce of gold sold. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. Non-GAAP financial measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Management’s determination of the components of non-GAAP and additional measures are evaluated on a periodic basis influenced by new items and transactions, a review of investor uses and new regulations as applicable. Any changes to the measures are dully noted and retrospectively applied as applicable. A reconciliation of historical non-GAAP and additional GAAP measures are available in the Company’s latest Management’s Discussion and Analysis available online at www.alamosgold.com and on the SEDAR website www.sedar.com or on EDGAR at www.sec.gov.
Qualified Persons
Chris Bostwick, FAusIMM, Alamos’ Senior Vice President, Technical Services, who is a “Qualified Person” within the meaning of NI 43-101, has reviewed and approved the scientific and technical information contained in this report.
PREVIOUS
< HOMENEXT
Governance >References
- Topics were given a score of 1 (lowest impact) to 4 (highest impact) at each site. The company-wide synthesis applied a simple addition of site scores, with the result representing a topic score out of the maximum 12.