Aris Mining Releases 2023 Sustainability Report

Aris Mining Corporation (TSX: ARIS; NYSE-A: ARMN) has published its 2023 Sustainability Report, detailing its efforts and progress in environmental, social, and governance (ESG) practices. The report was prepared in accordance with the Sustainability Accounting Standards Board (SASB) guidelines for the metals and mining industry.

Aris Mining’s CEO, Neil Woodyer, emphasized the importance of the company’s ESG initiatives, particularly its Contract Mining Partners (CMP) program. This program currently contributes over 40% of the company’s gold production and is central to its operations in Colombia. The CMP program aims to address the challenges posed by informal and illegal mining, which has been a longstanding issue in the country. To date, Aris Mining has facilitated the formalization of over 3,000 miners and plans to formalize an additional 500 to 1,000 miners in 2024. The company views this as a step towards promoting responsible mining practices that align with government policies and contribute to local economic development.

Key Highlights from the 2023 Sustainability Report:

• Management Oversight: A Management Sustainability Committee was established, reporting directly to the CEO and the Board’s Sustainability Committee. This structure aims to ensure transparency in decision-making related to the company’s sustainability efforts.
• ESG Standards: Aris Mining’s adherence to the SASB Standards and the Towards Sustainable Mining (TSM) protocols reflects its commitment to maintaining high ESG performance standards.
• United Nations Initiatives: In 2023, the company became a member of the United Nations Global Compact and endorsed the United Nations Women’s Empowerment Principles, leading to increased female representation within its workforce.
• Materiality Analysis: The company updated its materiality analysis in 2023 to include both the Marmato Mine and the Segovia Operations.
• Environmental Rehabilitation: Aris Mining established an $11 million trust fund dedicated to environmental rehabilitation at Marmato, including the construction of a water treatment plant to manage industrial wastewater.
• Social and Environmental Investments: The company invested $10.2 million in projects focused on education, socioeconomic development, infrastructure, environmental conservation, and gender equity, aligning with the United Nations’ Sustainable Development Goals.
• Safety Improvements: Following the implementation of the Vision Zer000 safety program in 2022, the company reported a 75% reduction in Lost Time Injuries.
• Educational Support: Aris Mining awarded 875 Colibri scholarships at a bilingual school in Segovia, La Salada. The school recently celebrated its first graduating class of over 50 students.

Aris Mining’s 2023 Sustainability Report is available for review on the company’s website under the Sustainability section.

For more information, visit Sustainability Reports – Aris Mining Corporation.