TSX: GMIN
OTCQX:
GMINF
All amounts are in USD unless stated
otherwise
BROSSARD, QC, Aug. 29,
2024 /CNW/ - G Mining Ventures
Corp. ("GMIN" or the "Corporation") (TSX:
GMIN) (OTCQX: GMINF) is proud to announce the publication of its
2023 Environmental, Social and Governance ("ESG") Report.
The ESG Report provides transparency and outlines progress on the
Corporation's key ESG accomplishments in 2023, as well as goals and
key initiatives for the coming year. In 2023, GMIN completed
several number of milestones, including the signing of a renewable
power purchase agreement for the Corporation's flagship
Tocantinzinho Gold Project ("TZ" or the "Project") in
the State of Pará, Brazil, as well
as the early completion and commissioning of the 193-km power line.
Data used in this ESG report are from TZ, from January 1 to December 31, 2023.
Louis-Pierre Gignac, President
& Chief Executive Officer, commented: "I am proud
to present our 2023 ESG Report, which reflects our unwavering
commitment to responsible mining practices and sustainable
development. Our commitment to sustainable excellence is inherent
in every aspect of our operations and I deeply value the
contributions of our team and partners, recognizing each step
towards sustainability as a significant milestone in our collective
journey. Our 2023 ESG Report builds upon GMIN's
environmental, social and governance initiatives and outlines clear
actionable objectives for the future."
Publication of GMIN's 2023 Environmental, Social and
Governance Report
GMIN's 2023 ESG Report details the progress achieved by the
Corporation during calendar year 2023, which include the following
highlights:
Environmental:
- Biodiversity: 18 hectares reforested – above target set
in 2022 – committing to flora and fauna rescue-relocation and
preservation operations to minimize the impact of vegetation
suppression;
- Powerline Construction: 193-km powerline constructed
(started in 2022) to connect TZ to the national grid, which is
primarily supplied by clean renewable energy sources. It will lower
CO₂ emissions associated with gold production from TZ; and
- Water Use and Waste Management: In 2023, the
organization's total water consumption was 17,955 m³ versus total
freshwater captured at TZ of 66,160
m3. In addition, a significant portion of waste
generated during the project implementation is directed towards
recycling, with 74% of project-generated waste during the year
being recycled.
Social:
- Health and Safety: 4,141,200 person-hours worked project
to date, and 0 lost time incident reached in 2023;
- Diversity and Inclusion: At the end of 2023, female
representation within GMIN stood at 43%, 22% and 11% in executive
positions, at the board level and in the total workforce,
respectively;
- Community Relations: $492,000 in contributions made to community
social programs and the creation of a committee to analyze social
programs and investments in environmental and social initiatives;
and
- Social and Economic Development: 57% of the workforce
came from local communities, with 95% of the workforce consisting
of Brazilian employees. Also, in 2023, 25% of the project supplies
came from suppliers within the state of Pará.
Governance:
- Business Ethic and Transparency: GMIN has successfully
implemented a Reporting Channel accessible through the Relationship
Portal. This platform serves as a conduit for feedback,
suggestions, complaints, and reports from both communities and
employees. Also, to promote awareness about the Reporting Channel,
GMIN has developed promotional materials and conducted training
sessions for employees and outsourced workers.
- Compliance and Regulation: GMIN implemented a legal
requirements management tool for TZ, named Ius Natura. This system
operates using all current Brazilian legislation which is
continuously updated to ensure compliance in the Corporation's
operations.
2024 ESG Commitments
GMIN continues to strive to meet and/or surpass past
achievements. Select 2024 objectives include:
- Doubling reforestation efforts targeting 36 ha.;
- Maintaining commitment and track record of zero harm to
people;
- Increasing the proportion of women in the workforce;
- Human rights awareness training and education;
- Elevating local supplier development; and
- Achieving 70% of Towards Sustainable Mining Standards.
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining
company engaged in the acquisition, exploration and development of
precious metal projects to capitalize on the value uplift from
successful mine development. GMIN is well-positioned to grow into
the next mid-tier precious metals producer by leveraging strong
access to capital and proven development expertise. GMIN is
currently anchored by the Tocantinzinho Gold Project in
Brazil and Oko West Project in
Guyana, both mining friendly and
prospective jurisdictions.
Additional Information
To access the full 2023 ESG Report and learn more about GMIN's
commitment to sustainability, please visit www.gmin.gold.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact,
contained in this press release constitute "forward-looking
information" and "forward-looking statements" within the meaning of
certain securities laws and are based on expectations and
projections as of the date of this press release. Forward-looking
statements contained in this press release include, without
limitation, those related to (i) the successful implementation of
sustainable practices and the integration of ESG considerations in
operations, (ii) the minimization of water consumption and of
vegetation suppression impacts as well as the lowering of
CO2 emissions from gold production, and (iii) the
direction of waste generated towards recycling and, more generally,
the quoted comments of the Chief Executive Officer as well as the
contents of the above sections entitled "2024 ESG Commitments" and
"About G Mining Ventures Corp.".
Forward-looking statements are based on expectations,
estimates and projections as of the time of this press release.
Forward-looking statements are necessarily based upon several
estimates and assumptions that, while considered reasonable by the
Corporation as of the time of such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. These estimates and assumptions
may prove to be incorrect. Such assumptions include,
without limitation, those underlying the items listed in the above
section entitled "About G Mining Ventures Corp.".
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. There can be no assurance that, notably but without
limitation, (i) the Corporation will achieve all its ESG objectives
as outlined in this release, (ii) the Corporation will bring the TZ
Project into commercial production, and (iii) the Corporation will
use TZ as the flagship asset to grow GMIN into the next mid-tier
precious metals producer, as future events could differ materially
from what is currently anticipated by the Corporation.
By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and
risks exist that estimates, forecasts, projections and other
forward-looking statements will not be achieved or that assumptions
do not reflect future experience. Forward-looking statements are
provided for the purpose of providing information about
management's expectations and plans relating to the future. Readers
are cautioned not to place undue reliance on these forward-looking
statements as a number of important risk factors and future events
could cause the actual outcomes to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates,
assumptions and intentions expressed in such forward-looking
statements. All of the forward-looking statements made in this
press release are qualified by these cautionary statements and
those made in the Corporation's other filings with the securities
regulators of Canada including,
but not limited to, the cautionary statements made in the relevant
sections of the Corporation's (i) Annual Information Form dated
March 27, 2024, for the financial
year ended December 31, 2023, and
(ii) Management Discussion & Analysis. The Corporation cautions
that the foregoing list of factors that may affect future results
is not exhaustive, and new, unforeseeable risks may arise from time
to time. The Corporation disclaims any intention or obligation to
update or revise any forward-looking statements or to explain any
material difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
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SOURCE G Mining Ventures Corp
