G Mining Ventures Unveils 2024 ESG Report
G Mining Ventures Corp. (NASDAQ: GMIN) is excited to share its latest Environmental, Social, and Governance ("ESG") Report for 2024. This report marks a significant year for the company as it transitions from being a mine developer to an operator. It promotes GMIN’s evolution into a multi-asset, mid-tier gold producer, showcasing its steadfast commitment to excellence across various fronts.
2024 ESG Report Highlights Key Achievements
The report encapsulates the corporation's dedication to sustainable development covering actions from January 1 to December 31, 2024. G Mining has made notable improvements in environmental stewardship, economic growth, and governance, particularly via its operations at the Tocantinzinho Gold Mine. There have also been promising early ESG integration efforts at the Oko West Project and the Gurupi Project.
Commitment to Transparency and Accountability
In a concerted effort to align with global standards, the 2024 ESG report was prepared following internationally recognized frameworks such as GRI, SASB, and TCFD. This demonstrates GMIN's unwavering commitment to transparency and accountability, along with a goal for sustainable value creation.
Reflections from Leadership
President & Chief Executive Officer Louis-Pierre Gignac stated, "2024 marked a foundational year for GMIN as we successfully transitioned into a gold producer. Our ESG strategy has evolved into action across various teams and decision-making processes. This report captures our progress and our intent to grow responsibly and reduce our environmental footprint while strengthening our partnerships."
Key ESG Highlights from 2024
GMIN's ESG Report details several important achievements:
Environmental Stewardship
- Licensing Milestones: GMIN achieved environmental operating licenses for energy infrastructure and tailings management.
- Water and Waste Management: 94% of water at the mill and 74% of solid waste were recycled effectively.
- Biodiversity Initiatives: Initiated reforestation projects covering 33 hectares and rescued various wildlife.
- Greenhouse Gas Reporting: Completed a comprehensive GHG emissions inventory.
Social Responsibility
- Health and Safety: Successfully maintained a TRIFR of 0.08 across 2.49 million hours worked.
- Community Engagement: Engaged over 2,300 students in environmental education projects and supported local community initiatives.
- Diversity and Inclusion: Increased representation of women in the workforce from 11% to 15.2%.
Governance Excellence
- Policy Development: New corporate policies were established on Human Rights, Climate Change, and Tailings Management.
- Human Rights Training: Continued focus on ensuring compliance with human rights through training and assessments across leadership.
- Grievance Management: Addressed 100% of grievances reported in 2024 through the Relationship Portal.
Future ESG Commitments for 2025
G Mining Ventures has laid out several priorities for 2025, focusing on responsible mining practices and furthering environmental leadership.
- Expand Reforestation: An additional 36 hectares to be reforested following the previous achievements.
- Enhance GHG Emissions Tracking: Efforts will be made to improve mitigation strategies for Scope 3 emissions.
- Renewable Energy Initiatives: Launching studies for solar and wind power generation initiatives.
- Strengthen Human Rights Practices: Conducting additional assessments at major project sites for compliance.
Management Update
Recently, G Mining Ventures announced the departure of Dušan Petkovi?, Senior Vice President of Corporate Strategy. Dušan significantly contributed to the early success of the corporation, particularly regarding the Tocantinzinho Gold Project. His responsibilities will be taken over by current senior leaders to maintain continuity in GMIN’s growth strategy.
Jean-François Lemonde has been appointed as Vice President of Investor Relations, effective soon, bringing valuable insights and a wealth of experience in capital markets to support GMIN’s future growth endeavors.
About G Mining Ventures Corp.
G Mining Ventures Corp. (NASDAQ: GMIN) is focused on the acquisition, exploration, and development of precious metal projects. The corporation aims to capitalize on value uplift from successful mine development, with strong prospects in the TZ Gold Mine and Oko West Gold Project.
Frequently Asked Questions
What is the focus of G Mining Ventures in 2024?
G Mining Ventures focuses on enhancing its ESG initiatives while transitioning to a successful multi-asset gold producer.
How does GMIN ensure compliance with ESG standards?
The company aligns its reporting and operations with globally recognized frameworks, ensuring transparency and accountability.
What are some key accomplishments GMIN achieved in the 2024 ESG report?
Significant accomplishments include licensing for environmental operations, health and safety achievements, and community engagement initiatives.
What are GMIN's commitments for 2025?
The commitments include reforestation, GHG emissions tracking, and renewable energy initiatives.
Who has taken over leadership roles at G Mining Ventures?
Jean-François Lemonde has been appointed as Vice President of Investor Relations following the departure of Dušan Petkovi?.
