Galiano Gold publishes its 2021 annual sustainability report
VANCOUVER, BC, August 23, 2022 /CNW/ – Galiano Gold Inc. (“Galiano” or “the Company”) (TSX: GAU) (NYSE American: GAU) announces the release of its 2021 Sustainability Report (the “Report”), which marks its continued progress on environmental, social and governance topics and outlines its vision for sustainability in the future.
In 2021, Galiano further expanded its sustainability efforts to include an assessment of internal governance processes and increased transparency on engagement with stakeholders on material sustainability issues in the medium to long term.
The report has been prepared in accordance with the Global Reporting Initiative (“GRI”) Core Option. It details our efforts to support progress by putting in place the policies, systems and processes to move towards a more responsible and sustainable business model and highlights achievements in 2021 in line with our corporate strategy.
2021 Sustainability Report Highlights:
- Zero significant environmental incident
- Zero fatalities and zero operational downtime during the pandemic
- 0.21 Total Recordable Injury Frequency Rate and 0.10 Lost Time Injury Rate
- Completion of International Cyanide Management Code (ICMC) certification
- Completion of third-party occupational health and safety audits and human rights impact assessment
- Beginning of the implementation of improvement measures following the assessment of the risks of vulnerability to climate change
- Workforce development plan (recruitment and training) nearing completion
- Review of the effectiveness of the malaria reduction program to identify ways to further improve the program
- Reviewed and updated risk management system
- Completion of construction of Esaase Community Hospital
- Agreement with the Volta River Authority on the future supply of solar energy for up to 20% of our energy needs at the mine site
- $304.2 million in-country procurement spending to support 337 Ghanaian businesses
Todd Romanexecutive vice president sustainability and investor relations, commented: “2021 has been a transformational year for Galiano as we put in place improved strategies and plans that form the basis of our long-term success.
I am proud to report that we have significantly improved our health and safety performance and reduced both our LTIFR by 50% and our TRIFR by more than 20% compared to 2020.
Our climate change adaptation plan is progressing well with identified improvement actions already being implemented. We are already implementing a number of key projects that will reduce our carbon footprint, including signing an agreement with the Volta River Authority to provide solar power for up to 20% of our energy needs at the mine site.
Our programmatic efforts on human rights initiatives continue to align with national laws and international standards. An independent third party audit was carried out in 2021 and subsequently an action log was developed to address areas of improvement that align with evolving best practice.
With a sustainable business model built on the management of the Asanko Gold Mine, we strive to achieve operational excellence while reducing emissions, responsibly mitigating risk and giving back to the Ghanaian economy. local.
To view or download a copy of the GRI Report and Register, please visit the Sustainability section of the Galiano Gold website at https://www.galianogold.com/sustainability/reports-and-publications/default.aspx.
About Galiano Gold Inc.
Galiano is focused on building a sustainable business capable of creating long-term value for its stakeholders through organic production growth, exploration and the disciplined deployment of its financial resources. The Company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to upholding the highest standards of environmental management, social responsibility, health and safety for its employees and neighboring communities. For more information, please visit www.galianogold.com.
Caution Regarding Forward-Looking Statements
Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of applicable United States securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which we refer to collectively as “forward-looking statements”. “. statements”. Forward-looking statements are statements and information regarding possible events, conditions or operating results that are based on assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements.In some instances, forward-looking statements may be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan” , “estimate”, “continue”, “plan”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, ” could”, “will” and similar words or phrases (including negative variations) suggesting future results or statements about a prospect.
Forward-looking statements in this press release include, but are not limited to: statements relating to the company’s sustainability strategy; statements regarding strategic priorities and objectives, targets, commitments and plans and expectations regarding such objectives, targets, commitments and plans; and statements regarding the Company’s future plans and objectives in the areas of sustainable and economic development, governance, people, health, safety, security, internal and external audits, environment and community development, including the Company’s future strategic, operational and sustainability objectives, performance goals and objectives, as well as the Company’s ability to implement those plans and its ability to generate the desired results at from these. These forward-looking statements are based on a number of important factors and assumptions, including, but not limited to: the Company and Gold Fields Ltd. agree on the manner in which the joint venture (“JV”) will operate the Asanko Gold Mine (the “AGA”), including agreement on development plans and capital expenditures; global financial markets and general economic conditions will be stable and prosperous in the future; the ability of the JV and the Company to comply with applicable governmental regulations and standards; mining laws, tax laws and other applicable laws Ghana applicable to the AGM and JV will not change, and there will be no imposition of additional exchange controls in Ghana; the success of the JV and the Company in implementing its development strategies and achieving its business objectives; the joint venture will have sufficient working capital to support its operations on an ongoing basis and the company will continue to have sufficient working capital to fund its operations and its contributions to the joint venture; and key Company and JV personnel will continue their employment.
The foregoing list of assumptions cannot be considered exhaustive.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that such expectations will prove to be correct and you are cautioned not to place undue reliance on any forward-looking statements contained herein. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements contained in this press release include, but are not limited to: risks associated with the cessation of mining operations by the Company in 2022; actual production, costs, yields and other economic and financial performance may differ from the Company’s estimates in response to a variety of factors, many of which are not within the Company’s control; the Company’s activities are subject to constantly changing legislation, compliance with which may be difficult, uneconomical or require significant expenditure; the Company may fail to attract and retain key personnel; labor disruptions could adversely affect the Company’s business; the Company’s business is subject to risks associated with operating in a foreign country; the Company’s operations are subject to environmental risks and compliance with applicable environmental laws and regulations; the effects of climate change or extreme weather events may cause a prolonged interruption in the delivery of essential commodities, which could adversely affect production efficiency; the Company’s operations and workforce are exposed to health and safety risks; unforeseen costs and delays related to the Company’s inability to obtain necessary permits could impede the Company’s operations; the Company’s properties may be subject to claims by various community stakeholders; risks related to limited access to infrastructure and water; the Company’s principal asset is held through a JV, which exposes the Company to risks inherent in joint ventures, including disagreements with its JV partner and similar risks; risks related to information system security threats; and the risk factors described under the heading “Risk Factors” in the Company’s Annual Information Form.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and that there may have other factors that the Company has not identified. . Further, the Company undertakes no obligation to update or revise any forward-looking statements included or incorporated by reference in this press release if such beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. otherwise requires it.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.