ARIS MINING PUBLISHES ITS 2023 SUSTAINABILITY REPORT

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VANCOUVER, BC, Aug. 22, 2024 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces that it has published its 2023 Sustainability Report, which has been prepared in accordance with the Sustainability Accounting Standards Board (SASB) for the metals and mining industry.

Neil Woodyer, CEO of Aris Mining, commented, "We are pleased to present Aris Mining's 2023 Sustainability Report. In 2023, we made significant progress in our Environmental, Social, and Governance (ESG) initiatives, adhering to industry best practices for the benefit of our stakeholders. Of particular importance in this regard is our Contract Mining Partners (CMP) program, which contributes over 40% of our current gold production and is vital to our success in Colombia.

By partnering with CMPs, we develop a shared value initiative that not only generates profitability for both parties, but also presents a solution to the environmental and social complexities arising from informal and illegal mining that has historically been an issue in Colombia. By helping to formalize more than 3,000 miners to date and planning to formalize an additional 500 to 1,000 miners in 2024, we are driving responsible and safety focused mining practices that align with government policies, promote economic development, and strengthen the social fabric in the regions in which we operate while exercising due care for the environment. These partnerships represent the future of mining in Colombia and offer sustainable solutions to the challenges associated with informal and illegal mining."

2023 Sustainability Report Highlights

  • We established a Management Sustainability Committee, reporting directly to the CEO and the Sustainability Committee of the Board, which has facilitated transparent decision-making and oversight of our sustainability initiatives.

  • Our participation in the SASB Standards and the Towards Sustainable Mining (TSM) protocols reflect our commitment to rigorous ESG performance standards.

  • In 2023, we became a member of the United Nations Global Compact, endorsed the United Nations Women's Empowerment Principles and increased the inclusion rate of women in our workforce.

  • We updated our materiality analysis in 2023 to cover both the Marmato Mine and the Segovia Operations.

  • We have created an $11 million trust fund dedicated to the environmental rehabilitation of Marmato, which includes the construction of a water treatment plant to treat industrial wastewater from our operation.

  • We have invested $10.2 million in social and environmental projects, highlighting our commitment to creating shared value in the communities in which we operate and aligning with the United Nations' Sustainability Development Goals. These investments prioritize education, socioeconomic development, infrastructure, environmental conservation, and gender equity and inclusion.

  • Following the adoption of the Vision Zer000 safety program in 2022, we achieved a 75% reduction in Lost Time Injuries.

  • Continuing with our commitment to academic excellence, we awarded 875 Colibri scholarships at the Spanish / English bilingual school in Segovia, La Salada. The school recently celebrated its first graduation class of over 50 students.