Goals & Performance

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Goals & Performance

2025 Goals & Performance

Our sustainability goals focus our efforts on the areas that matter most and support continuous improvement. The table below outlines these commitments and reports on our progress.

Legend:

Achieved
Partially Achieved
Not Achieved

2025 Goals	Performance	Commentary
Achieve zero significant environmental incidents (SEIs) or Category 4 (C4).		No SEIs or C4 incidents occurred at our operations
Complete 80% of actions to prevent environmental incidents (training, inspections, drills) within the planned timeframe.		Exceeded goal, completing 94% of planned actions.
Complete 90% of environmental audit corrective actions on time.⁽¹⁾		Achieved goal at El Peñon, Cerro Moro, Jacobina and Minera Florida. However, the goal was not achieved at San Vicente where only 75% of corrective actions were completed on time.⁽¹⁾
Implement projects and initiatives to reduce water withdrawn for use by 108,500 m³, representing approximately 0.8% of the 2025 base case.⁽²⁾		Reduced 54,711 m³ of water withdrawn compared to the base case.⁽²⁾ Delays at Huaron in implementing water recycling infrastructure from its filtered tailings facility, and at Jacobina in implementing infrastructure to reuse treated mine dewatering, were the key factors that contributed to not achieving this goal.
Implement projects and initiatives to reduce energy use by 67,000 GJ, representing approximately 1.1% of the 2025 base case.⁽²⁾		Exceeded goal, with projects resulting in reduced energy use by 79,988 GJ, representing approximately 1.3% of the 2025 base case.⁽²⁾
Implement projects and initiatives to reduce Scope 1 and 2 GHG emissions by 27,500 tCO₂Eq, representing approximately 8.3% of the 2025 base case.⁽²⁾		Exceeded goal, with projects resulting in reduced Scope 1 and 2 GHG emissions by 51,343 tCO₂Eq, representing approximately 15.6% of the 2025 base case.⁽²⁾
Complete 29 hectares of remediation and revegetation at Alamo Dorado and Dolores.		Exceeded goal, remediating and revegetating almost 48 hectares at sites undergoing closure.
Rehabilitate 35 hectares across all our operating mines.		Exceeded goal, rehabilitating 62 hectares (42 hectares onsite) across our operating mines.
Implement projects and initiatives to reduce non-recycled and/or non-reused non-rock waste by 500 t, representing approximately 4.0% of the 2025 base case.⁽²⁾		Reduced 471 tonnes representing approximately 3.8% of the 2025 base case.⁽²⁾ The goal was not achieved primarily due to delays in commissioning the wastewater treatment plant at Minera Florida.

2025 Goals	Performance	Commentary
Achieve zero fatalities.		Tragically, we experienced two fatalities in 2025 (one at Shahuindo and one at Jacobina).
Maintain the frequency of lost-time injuries with high fatality potential (LT-HPIF) of 0.30 or better.		LT-HPIF rate of 0.27 per million hours worked.
Minimize the possibility of incident reoccurrence by applying Corrective and Preventative Actions (CAPA), achieving a total score of at least 40 points.⁽³⁾		Exceeded goal, approving and applying 10 CAPAs, with a total score of 66 points.
Train at least 5% of the total number of employees at four of our operations in Human and Organizational Performance (HOP) principles.		Exceeded goal, with 570 employees trained (9.9%) at La Colorada, El Peñon, Jacobina, Huaron and Timmins.
Achieve zero new significant social disputes⁽⁴⁾ at our operations.		No new significant social disputes at our operations.
Resolve 90% of all medium- and high-risk grievances received through our community response mechanisms within the target timeframe.⁽⁵⁾		Exceeded goal, resolving 96% of all medium- and high-risk grievances received within the target timeframe of 60 days.⁽⁵⁾
Complete 80% of action plans addressing audit findings by year-end.		Completed two Integrated Sustainability Audits at La Colorada and San Vicente. By the end of 2025, La Colorada completed 88% of the corrective actions within the expected timelines. The ISA at San Vicente was conducted in December 2025, and the action plan was issued post-year-end.
Complete the planned annual social closure activities at Manantial Espejo and Dolores in accordance with the Corporate Social Closure Standard.		All planned annual social closure activities completed at both sites.
Achieve 80% Community Development Index (CDI) average performance for each socio-economic development program at San Vicente, Shahuindo, Dolores, Minera Florida, La Colorada and El Peñon.		Eight of nine programs (89%) met the target. The Guinea Pig Project in Shahuindo scored 75.9%, and remains on track for 2026.
Select, develop and retain a target of 45 qualified and diverse professionals for the four stages of the Future PAAS program across all jurisdictions.		Exceeded goal, with 64 Future PAAS young professionals participating in Argentina, Bolivia, Brazil, Canada, Chile, Mexico, and Peru.
Train all security contractors in human rights and use of force, and all security employees in human rights.		100% of security employees and contractors received human rights training; 100% of security contractors received use of force training.

2025 Goals	Performance	Commentary
Establish a monitoring system to ensure that no less than 90% of corrective actions arising from Whistleblower compliance investigations are implemented within the defined timeframe.⁽⁶⁾		Exceeded goal, with 100% of measures implemented within the timeframe.⁽⁶⁾
Train at least 850 employees across all sites on compliance issues.		Exceeded goal, with 1,865 employees trained on compliance issues. Scope was expanded to include human rights with more employees reached.
Evaluate at least 500 critical suppliers⁽⁷⁾ through our third-party risk management system.		Evaluated 529 critical suppliers through our due diligence platform for compliance, human rights, and environmental risks.
Complete TSM external verification of at least two of our operations.		Completed three TSM external verifications: El Peñon (Chile), Jacobina (Brazil), and Timmins (Canada).

⁽¹⁾ Corrective actions completed within the agreed timeline in the final action plan.
⁽²⁾ 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.
⁽³⁾ The CAPA developed by each site are evaluated and scored based on a hierarchy of controls. The scores associated with the hierarchy of controls are: Engineering = 4 points, Substitution = 8 points, Elimination = 10 points.
⁽⁴⁾ We define significant social disputes as grievances that cannot be resolved jointly within a reasonable timeframe or that require significant financial and legal resources to resolve. These disputes are escalated to site- or country-level senior management to oversee the resolution process.
⁽⁵⁾ Grievances should be acknowledged within 15 days of receipt and should be resolved within 60 days of receipt.
⁽⁶⁾ The timeframe for corrective actions, carried out by local teams, is determined at the conclusion of each investigation. It may vary based on the complexity of the case to ensure both clarity and accountability.
⁽⁷⁾ “Critical suppliers” are identified using a five-factor prioritization framework: (1) the presence of supplier personnel at our mining operations; (2) annual spend above established thresholds; (3) the level of environmental risk associated with the supplier’s activities; (4) the level of legal risk associated with the services provided (for example, where services involve representing the Company or interacting with public officials on the Company’s behalf); and (5) the supplier’s potential impact on the continuity of our operations.

2026 Sustainability Goals

2026 Goals
Achieve zero significant environmental incidents (SEIs) or Category 4 (C4) incidents.
Strengthen incident response management and risk reduction measures at the 10 most critical sites to limit, prevent and/or mitigate potential Category C3 or higher environmental impacts.
Implement projects and initiatives to reduce water withdrawn for use by 185,000 m³, which represents approximately 0.7% of the 2026 base case.⁽¹⁾
Implement projects and initiatives to reduce energy consumption by 155,000 GJ, representing approximately 2.4% of the 2026 base case.⁽¹⁾
Implement projects and initiatives to reduce Scope 1 and 2 GHG emissions by 40,000 t CO₂Eq, representing approximately 13.6% of the 2026 base case.⁽¹⁾
Complete 15 hectares of remediation at Alamo Dorado and transition to the post-closure phase. Commence closure activities for the waste rock dumps at Dolores.
Rehabilitate 30 hectares across all our operations.
Implement projects and initiatives to reduce non-recycled and/or non-reused non-rock waste by 280 t, which represents approximately 2.5% of the 2026 base case.⁽¹⁾

2026 Goals
Achieve zero fatalities.
Maintain a High-Energy Serious Injury or Fatality (H-SIF)⁽²⁾ Rate of 0.24 or less.
Minimize the possibility of incident reoccurrence by applying Corrective and Preventative Actions (CAPA), totalling a score of at least 50 points.⁽³⁾
Continue implementation of Human and Organizational Performance (HOP) principles by achieving employee Advocate representation equal to at least 5% of the total number of employees at four of our operations completing the two-to-four-hour HOP induction training.
Achieve zero new significant social disputes⁽⁴⁾ at our operations.
Resolve 90% of all medium- and high-risk grievances received through our community response mechanisms within the target timeframe.⁽⁵⁾
Complete all planned annual pre-social closure and social closure activities at Manantial Espejo, Dolores, and Cerro Moro in alignment with corporate standards.
Achieve 80% Community Development Index (CDI) average performance in each socio-economic development program at San Vicente, Shahuindo, Dolores, Minera Florida, El Peñon, and La Colorada.
Select, develop and retain a target of 64 qualified and diverse professionals for the four stages of the Future PAAS program across all jurisdictions.
Train all security contractors in human rights and use of force, and all security employees in human rights.

2026 Goals
Ensure that no less than 85% of corrective actions arising from Integrity Line investigations are implemented within the timeframes mutually agreed upon with local teams at the conclusion of each investigation.⁽⁶⁾
Deliver Compliance Program training to at least 1,200 employees across all countries where the Company operates.
Evaluate at least 650 suppliers through our third-party risk management system, prioritizing critical suppliers.⁽⁷⁾
Complete planned Integrated Sustainability Audits with at least 80% of corrective actions implemented within the agreed timeline for each site.
Complete external verification under the Towards Sustainable Mining (TSM) program for at least two of our operations.

⁽¹⁾The 2026 base case includes our projected 2026 water use, energy use, GHG emissions, and waste generation, as calculated using our life-of-mine plans adjusted for annual production guidance.
⁽²⁾ H-SIF: Incident with a release of high energy in the absence of a direct control where a fatality or serious injury is sustained.
⁽³⁾ CAPAs must address the validated root cause, undergo change management review, and include a cost assessment before qualification. Qualified CAPAs are scored using three criteria: (1) hierarchy of controls (Elimination = 10 points, Substitution = 8 points, Engineering = 6 points), (2) risk reduction (fatal risk-related = 10 points; non-fatal = 2 points), and (3) coverage and reach (multiple crews/departments = 5 points; single crew/task = 3 points).
⁽⁴⁾ We define significant social disputes as grievances that cannot be resolved jointly within a reasonable time frame or that require significant financial and legal resources to resolve. These disputes are escalated to site-or country-level senior management to oversee the resolution process.
⁽⁵⁾ Grievances should be acknowledged within 15 days from original receipt and should be resolved within 60 days of receipt.
⁽⁶⁾ The timeframe for corrective actions, carried out by local teams, is determined at the conclusion of each investigation. It may vary based on the complexity of the case and the nature of the corrective actions required.
⁽⁷⁾ “Critical suppliers” are identified using a five-factor prioritization framework: (1) the presence of supplier personnel at our mining operations; (2) annual spend above established thresholds; (3) the level
of environmental risk associated with the supplier’s activities; (4) the level of legal risk associated with the services provided (for example, where services involve representing the Company or interacting with public officials on the Company’s behalf); and (5) the supplier’s potential impact on the continuity of our operations.

2025 Sustainability Report

Our 2025 Sustainability Report was prepared in accordance with Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Standard. It also contains information in consideration of the Task Force on Climate Related Financial Disclosures (TCFD) reporting framework.