i-80 Gold Corp. (TSX: IAU) (NYSE: IAUX) has published an inaugural sustainability report entitled “Driving the Future” which is intended to highlight the company’s commitment to industry-leading practices throughout its operations in Nevada.
The report was published on Tuesday and has a particular focus on i-80’s environmental, social and governance (ESG) policies and strategies.
“The 2022 Sustainability Report provides a comprehensive summary of our ESG footprint, our drive to responsibly invest and grow in Nevada and our dedication to transparency and accountability,” said Matt Gili, President of i-80 Gold.
The new report has been divided into four sections: Uniquely Nevadan, Beyond Stewardship, Partnering for Success and Empowering People.
The first discusses the company’s team, projects and future plans; the second talks about i-80’s commitment to minimizing its environmental footprint; the third outlines ways in which i-80 has worked cooperatively with stakeholders and communities; and the fourth highlights how the company values its team and is committed to safety.
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i-80 helped establish an underground mine rescue team
Highlights from the new report include the formation of the Nevada Mine Rescue Alliance underground rescue team in partnership with Small Mine Development and Hecla Mining Company (NYSE: HL) and the creation of the “3 Ships” internship program to help educate the next generation of miners in Nevada.
The company’s report emphasized that it hadn’t had any significant environmental incidents at any of its sites since acquiring them.
“We are proud to report there have been no major environmental incidents at any of our sites for this reporting period, or since we acquired them,” reads the ESG report.
One of the environmental initiatives i-80 illustrated was its involvement with a pit lake water monitoring program at its Ruby Hill, Lone Tree, McCoy Cove and Granite Creek projects. The company has collaborated with the Nevada Division of Environmental Protection’s Bureau of Mining Regulation and Reclamation (NDEP-BMRR) to actively ensure compliance with the state’s water quality standards.
“With the acquisition of the four operations: Ruby Hill, McCoy Cove, Lone Tree and Granite Creek, the team at i-80 Gold has a focused responsibility on water management,” reads the ESG report.
The report also highlights that i-80 has partnered with a non-profit in Carson City Nevada called ComputerCorps to help recycle the company’s computer equipment that is no longer needed. Instead of going to a landfill, the outdated computer gear from the company is given to low-income families who wouldn’t otherwise be able to afford it.
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The company’s team grew by over 150 per cent in 2021 and 2022
The company has had no fatalities and dedicated 3,536 hours to training its staff between 2021-2022.
The report shows that i-80 only had 40 employees in 2021 and now has 128, thirty-four per cent of which are women. The company spent US$10.6 million on wages and benefits for its employees in 2021 and 2022.
The Nevada gold producer’s stock price dropped by 3.59 per cent on Tuesday to $2.95 on the Toronto Stock Exchange.