Our Strategy & Approach

Our approach to climate change is to analyze potential transitional impacts to our long-term business plans and to embed carbon dioxide equivalent (CO₂Eq) emission reduction initiatives into our governance and operational decision-making process in order to establish informed and realistic targets that are aligned with climate science and commitments by the countries where we operate.

We strive to align our climate strategies with globally recognized frameworks, and associations with other companies in our sector. Our governance around climate issues is guided through the following affiliations and memberships:

• Supporter of TCFD
• Participant in the UN Global Compact
• Member of the Mining Association of Canada
• Participant in the Peru Carbon Footprint program
• Member of the World Gold Council

In 2024, we updated our energy and CO2 Eq emissions profile reflecting our latest life of mine plans and the disposition of La Arena. The new forecast is presented in the graph that follows, which shows an expected reduction in CO2 Eq emissions in 2027 given the anticipated mine closure at Cerro Moro in 2026, as per the current mineral reserve life.

plans, programs, AND Initiatives

• Integrating CO2 Eq emission reduction strategies into our operational risk and opportunities assessments and strategic planning.
• Planning that ensures our long-term plans, corporate development strategies, and capital and operational budgets are aligned with our goals, including those related to CO2 Eq emissions reductions.
• Adapting our assets to align with global efforts to reduce CO2 Eq emissions and mitigate or prepare for the potential physical risks of climate change.

2024 Goals

• Implement projects and initiatives to reduce energy use by 67,000 GJ, representing approximately 1.1% of the 2025 base case.⁽¹⁾
• Implement projects and initiatives to reduce GHG emissions by 27,500 tCO2 Eq, representing approximately 8.3% of the 2025 base case.⁽¹⁾

We are on track to reduce our global Scope 1 and Scope 2 GHG emissions by at least 30% by 2030, based on the updated 2019 baseline emission projections, which exclude the divested La Arena site.

⁽¹⁾ The 2025 base case is our projected 2025 water use, energy use, GHG emissions, and waste generation, as calculated using
our life of mine plans adjusted for annual production guidance.