I am proud to present the second Environmental, Social, and Governance (ESG) Report of G Mining Ventures Corp. (“GMIN”, “G Mining” or we), which reflects our unwavering commitment to responsible mining practices and sustainable development. This report highlights our significant achievements over the past year and underscores our dedication to creating long-term value for all our stakeholders. The year 2023 marked a period of remarkable achievements for GMIN at our Tocantinzinho Gold Project (“TZ”) located in the State of Pará, Brazil. With the TZ project’s construction 76% completed at the end of the year, we are confidently on track for commercial production in the second half of 2024. Additionally, the early completion and commissioning of the 193km power line demonstrates the execution efficiency of our team. As we consistently achieve significant milestones, we remain persistent in our commitment to sustainable and responsible operating practices, enhancing the well-being of local communities and
supporting their continued development. The financial commitments of the TZ Project are US$430 million, representing 94% of the total investment, with expenses already incurred of US$375 million, corresponding to 82% of the total forecast. These numbers are aligned with the planning outlined in the Feasibility Study dated February 9, 2022, filed on GMIN’s profile on Sedar+ under the title "Feasibility Study – Technical Report NI 43-101, Tocantinzinho Gold Project". At G Mining, our vision is to conduct operations with minimal carbon emissions, ensuring that our operations are designed to minimize environmental impacts. Additionally, we are committed to undertaking projects aimed at rehabilitating and restoring areas affected by our activities, while also enhancing essential social infrastructures, such as sport, safety, leisure and well-being. Furthermore, we stand firm in our commitment to expanding our activities in a socially and environmentally responsible manner.
Regarding the established goals, these include maintaining safety in all activities, promoting supervised training, and ensuring excellent working conditions for our employees. Furthermore, efforts were made to provide all necessary structures to create a comfortable production environment. As a result of these efforts, we have achieved a total of 4,141,200 work-hours to date at the TZ Project, without any incident resulting in lost time. In terms of governance, we prioritize strict adherence to the country's legal framework. To achieve this, we use systems such as Borealis and Ius Natura, which serve as legal control and stakeholder management, ensuring compliance and responsible action. To maintain transparency, we employ various channels, including our website, social media platforms, and face-to-face interactions, to disseminate information to all interested parties.
At G Mining, we are firmly committed to promoting diversity and inclusion across all aspects of our operations. Recognizing the importance of gender diversity, we actively seek to hire women. Additionally, we strive to provide an inclusive work environment where all individuals, regardless of gender, religion, sexual orientation, feel valued and respected. In 2023, we created a ESG committee at our Tocantinzinho Project, led by Senior Management, which holds regular meetings to discuss and enhance programs aimed at ensuring high performance in environmental, social, and governance aspects. Through an efficient mechanism, we identify and address gaps and opportunities in our ESG processes.
The Tocantinzinho Project, located in Itaituba, Pará, has been designed to minimize environmental impacts at the design and engineering phase such to prioritize sustainability and safety. At G Mining, our commitment to sustainable excellence is inherent in every aspect of our operations. We deeply value the contributions of our team and partners, recognizing each step towards sustainability as a significant milestone in our collective journey. As we progress, we continuously push boundaries, aiming to set the standard for environmental responsibility in the mining industry. We express our sincere gratitude for the valuable feedback and engagement in our ESG journey, and eagerly anticipate further opportunities for proactive collaboration in building a sustainable future for generations to come.
In 2024, GMIN remains committed in its dedication to sustainability and environmental responsibility. GMIN is determined to obtain all necessary operating licenses to ensure legal and environmentally responsible operations. Furthermore, it is actively implementing the TSM Framework, aiming to achieve notable progress in this direction and establish itself as an example in the mining industry. Concurrently, significant efforts are underway to restore the local ecosystem, including the initiation of a reforestation program aimed at long-term environmental preservation.
Additionally, GMIN continues to strengthen its relationships with local communities and government entities through positive and constructive engagement.
By prioritizing open dialogue, GMIN seeks to promote sustainable development in the regions it operates, addressing the needs and concerns of local stakeholders. With a future-oriented vision and unwavering commitment to corporate responsibility, GMIN is confident to achieve new milestones on its sustainability journey, ensuring its operations contribute positively to the environment and local communities in 2024 and beyond.
GMIN’s complete 2023 Environmental, Social and Governance (ESG) Report is available for download below. If you would like to review our 2022 report you can click the link here.
Environmental
Environmental management software purchased and being implemented (Borealis and Ius Natura)
Construction of a dyke in the Morro do Macaco community to protect against flooding from the Tocantinzinho river
All environmental licenses for construction have been issued with no impact on the construction schedule
Procurement contract for 3 years of 100% renewable energy
Social
US$ 492,000 for social initiatives in local communities
Creation of a committee to analyze social programs and investments in environmental initiatives
Training of 25 Young Apprentices in partnership with the NGO Ação Sorriso in Itaituba/PA
Partnership with SENAI to train 240 people from Itaituba/PA through a mobile classroom in civil construction, mechanics, and sewing GRI 2-
Governance
Project progress 76% of construction completion 73% of overall completion
More than 4.1 million hours worked without incidents involving lost time
193km-power line completed and ahead of schedule
Project costs committed to end of 2023 totaling US$ 430 million (approximately 94% of the total), a value in line with the Feasibility Study (US$ 458 million)
Please click on the PDF logos for each of the cornerstone categories to download a detailed report.
Carry out projects related to wood donation - - Maintain
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-
Maintain
Complete 16 ha reforestation project southeast of the pit
16 ha
18 ha
36 ha
Get 100% license upgrade
100%
100%
Maintain
Implement GHG protocol
100% report writing for publication in 2024
100% of writing completed
Maintain publication in 2024
Zero harm to people
0
0
Maintain
Maintenance with a minimum of 40% local labour
40%
57%
Minimum 40%
Provide employment opportunities for people with disabilities
4%
2%
Maintain 4%. Lots of action to be tried to innovate. Challenges in accurately identifying individuals with disabilities in the region
Increase the proportion of women in the workforce
Gradual increase
11%
Improvement needed. Join Women in Mining for specific action
Finalize the implementation of the Supplier Development Program
Implement 100% of actions
Implement 100% of actions
Elevate local supplier development
Human Rights Leadership Training
Adopt a formal Human Rights Policy
In progress
Improvement needed. A specialized consultancy will carry out training and due diligence in all areas of GMIN
Ius Natura software (legal control)
Deploy 100%
100% Implemented
Maintain
Achieve 30% of TSM Standards
30%
46%
70%
Achieve 30% of the International Cyanide Management Code
30%
52%
70%
Creation of a Reporting Channel and email
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Established channels
Maintain
Create the “TZ ESG Committee” for community engagement and management of social related projects
Create
Created
Maintain with more lines of actions
G Mining Ventures is committed to the highest standards of corporate governance practices and ethical conduct. G Mining Ventures has designed its practices to align with applicable regulatory requirements, and monitors developments in applicable laws and best practices to ensure its approach consistently reflects its commitment to the highest standards.
Brazauro, a subsidiary of GMIN, actively engages with numerous entities, organizations, and associations that play a significant role in governance, particularly in the institutional and regulatory environment of the mining sector.
Our partnerships and active participations:
ABPM – Brazilian Association of Mineral Research and Mining Companies
ADIMB – Agency for the Development and Innovation of the Brazilian Mineral Sector
Pará State Civil Defense Coordination
Cyanide Code - International Cyanide Management Code
Brazilian Army
IBRAM - Brazilian Mining Institute
IPHAN – National Institute of Historic and Artistic Heritage
Military Police of the State of Pará
REDES/FIEPA Program - Federation of Industries of the State of Pará
SEBRAE - Brazilian Support Service for Micro and Small Businesses
SEMAS - State Secretariat for Environment and Sustainability (Pará)
SEMED - Municipal Department of Education
SENAI - National Industrial Learning Service
Simineral - Pará Mineral Industries Union
TSM - Toward Sustainable Mining