Kinross Gold Corporation’s Post

Transcript

At Kinross, we are focused on delivering value today and tomorrow. Innovation is key and sustainability is vital. Respecting and working with our local communities is one of our core values. We believe that our environmental, social and governance performance is the foundation of our future success. We've pledged to be a net zero greenhouse gas emissions company by 2050 and have set 30% reduction targets of Scope one and Scope 2 emissions intensity by 20-30. How? By incorporating sustainability considerations into our strategic decisions. By thinking big and small. Power is one of our biggest expenditures and contributors of GHG emissions. So at Kinross, SVG is a central core part of our business. In that way we plan for it in the way we operate all of our sites. The Tazio Solar project makes sense from a marriage of perspectives. Most importantly, it fits into our overall yes She's strategy. At our Kassius site in Mauritania, A34 MW solar plant provides the mine with approximately 22% of its electricity. The project involved the installation of 80,000 panels over an area of about one square kilometre. We have reduced our greenhouse gas emissions significantly and we also saving 17,000,000 litres of fuel a year. The annualized fuel savings translates into an 18% reduction of greenhouse gas emissions from the power plant over the life of mine. It's an NPV positive business proposition, which means it'll pay for itself within five years. It'll be operated by an all Mauritanian crew going forward. Our energy strategies vary depending on our locations. For our Paracatu mine in Brazil, we own two hydroelectric power plants to generate clean, sustainable and low cost energy. This acquisition represented a strategic investment in a core asset to further strengthen and enhance operations at Paracatu. In 2023, ninety 8% of the electricity consumed at Paracatu was renewable. At our Laquifa mine in Chile, we purchased 100% renewable power from local sources. These efforts mean lower GHG emissions and lower production costs. Our commitment to reducing emissions isn't limited to major projects. Continuous improvement is embedded in our culture. At Fort Knox and Alaska, major mill improvements since 2020 to reduce emissions intensity include autogenous grinding, new sensors to enable operators to make adjustments to increase efficiency and two new conveyor belts to be more selective in how material is processed, which have reduced power intensity by approximately 39%. At Artesius site in Mauritania, we recently incorporated 9 electric buses into our fleet of 22 buses used primarily to transport. Employees around site and we equipped 8 haul trucks with higher capacity truck trays increasing their load capacity by 6 to 8%, resulting in less cycles for the same tons moved and improving efficiency. At Paracatu, we've converted over 100 mobile tower lights used for operational and remote areas from diesel to solar powered. At Round Mountain, we completed an energy efficiency assessment related to the use of pumps and implemented several changes including regulating their use based on demand, decommissioning higher intensity pumps and refurbishing existing pumps with more efficient components. And at all our sites, we regularly evaluate haulage routes and cut down cycle lengths to save on diesel fuel and reduce emissions. Our focus on energy efficiency and opportunities to reduce our carbon footprint across the portfolio has been ongoing for several years and generally results in incremental energy savings of 1 to 2% per year. We are proud to be on track to achieve our 20-30 GHG emission targets, a reflection of our dedication to continuous improvement and meeting these important goals. At Kinross, we are committed to the health and well-being of our host communities. In Chile, we've installed 26 solar panels in six local Koya Indigenous communities to help them reduce energy costs and dependence on fuel generators. La familia ketawa naka. We are on 12. As it gets you more benefits yourself. At Paracatu, we've supported the construction of 20 nurseries to help restore disturbed land. These nurseries produce 10,000 seedlings every year and offset approximately 2100 tons of carbon per year. At Tasiast, we work with the local bank, Dalgan National Park, to install solar units to help restart 3 desalinization plants. The plants deliver 45,000 liters of fresh drinking water daily. Reaching 1200 villagers and supporting their ability to carry on their traditional way of life in the park. At all of our sites we are looking at new technologies as a means of emissions reductions and believe that the best way to reduce emissions is by incorporating energy efficiency into the initial design of a facility. This is reflected in our Great Bear project in Northern Ontario, Canada. In line with our goal of being net 0 by 2050, we are reviewing options to tie in to Ontario's low carbon energy grid. We are exploring tethered electric loading and drilling equipment for open pit mining and battery electric equipment for underground mining and we are incorporating advanced digital systems to ensure energy efficient operations. At Kinross, we are planning and building for the future. Where are you looking ahead to the next renewable project for Tarasius? It may be Tasia Solar 2.0 or it may be some wind. From a Kinross perspective, we think there's a bright future ahead for renewable energy in Mauritania. We believe in tomorrow. We believe that an environmentally responsible mining company committed to being a strong community partner is the best way to deliver value long into the future.