Collective Mining Releases 2024 Sustainability Report
Collective Mining Ltd. (NYSE: CNL) proudly announces the release of its 2024 Sustainability Report, marking a significant milestone as the fourth of its kind. This report provides insight into the company’s environmental, social, and governance (ESG) initiatives, underscoring its commitment to responsible mining practices.
Progress and Achievements in 2024
Throughout 2024, Collective Mining demonstrated remarkable progress in its exploration efforts and community engagement while adhering to its guiding principles known as "The Collective Way." The company has successfully deepened its relationships with stakeholders and continued the exploration of its Apollo discovery situated within the Guayabales Project.
Highlights from the Sustainability Report
The 2024 Sustainability Report showcases several key achievements, including:
- Unprecedented Safety Standards: The company achieved zero lost time injuries in 2024, maintaining a Total Recordable Injury Frequency Rate of 0%. This reflects a robust safety culture prioritizing employee health and well-being.
- Local Employment Growth: A staggering 70% increase in direct local employment has been realized year-over-year, confirming the growth and preparedness for advanced exploration stages.
- Investments in Social Programs: Collective Mining invested over US$410,000 into local social programs, positively impacting the lives of more than 2,000 individuals with further contributions from strategic partners.
- Gender Representation: The report emphasized a healthy workplace with 24.6% female participation among employees and contractors and 40% female representation on the Board of Directors.
- Environmental Compliance: 2024 marked an impressive record with zero fines or environmental non-compliance events, alongside efforts to offset 1,200 tonnes of CO? by conserving 103,022 hectares of forest.
- Community Engagement: With 33 regional partnerships, the company supported numerous initiatives, including aiding 300 coffee farmers, providing training for 200 women, and ensuring clean water access for 1,700 local inhabitants.
CEO's Perspective
Ned Jalil, CEO of Collective Mining, shared insights on the year: "2024 was pivotal for Collective Mining. We witnessed enormous momentum and deepening partnerships, proving that responsible exploration can significantly benefit regional development.">
A Commitment to Sustainable Growth
Collective Mining is firmly dedicated to its ambitious 70,000-meter drilling program while continuing to prioritize sustainable practices at both the Guayabales and San Antonio projects. The aim is to establish lasting value creation and enhance the overall contributions to the community.
About Collective Mining Ltd.
Collective Mining is a distinguished gold, silver, copper, and tungsten exploration company founded by the original team behind Continental Gold Inc. The company possesses options to acquire full interests in two notable projects located within an established mining camp, which includes ten operational mines.
The flagship Guayabales project is anchored by the Apollo system, which has the potential for significant bulk tonnage and high-grade mineralization. The company is fervently working to improve the grading of Apollo by drilling into new, potentially high-grade sub-zones, broadening the knowledge on this system.
Connecting with Collective Mining
The leadership at Collective Mining retains a significant stake in the company, ensuring alignment with shareholders. The emphasis on transparency and community relations remains paramount as the company navigates its growth in the dynamic mining landscape.
Frequently Asked Questions
What is the purpose of Collective Mining's sustainability report?
The report provides an overview of the company's performance in environmental, social, and governance initiatives, while showcasing its commitment to sustainable mining practices.
How did Collective Mining enhance local employment in 2024?
Collective Mining achieved a 70% increase in local employment, reflecting its growth and commitment to community development.
What were the company's safety achievements in 2024?
The company reported zero lost time injuries and maintained an impressive Total Recordable Injury Frequency Rate of 0%, highlighting its strong safety culture.
How is Collective Mining supporting gender representation?
The report highlights 24.6% female participation among employees and 40% female representation on the Board of Directors, showcasing the company's dedication to gender equality.
What are the future plans for the Apollo system?
Collective Mining plans to continue exploring and drilling to expand the Apollo system and improve overall mineral grades, contributing to sustainable growth.
