Oct 14, 2021
 in 
Precious Metals

Troilus (TSX.: TLG) Publishes Inaugural Sustainability Report Highlighting Achievements and Advances in Environment, Social and Governance Activities

Troilus Gold to Acquire UrbanGold Minerals in All-Stock Deal for $15  Million | Mining Connection — The Link For All Your Mining Resources

Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) is pleased to announce that it has published its inaugural Sustainability Report, highlighting the achievements and efforts the Company has made over the last year to place Troilus at the forefront of ESG initiatives among Quebec-based exploration and development companies. The 2021 Sustainability Report can be found in full on the Company’s website in French and English at www.troilusgold.com in the Sustainability section.

Highlights of the report include:

  • Strength in Gender Diversity – 39% of Troilus fulltime employees, 30% of the Senior Management team and the Chair of the Board of Directors are female, far surpassing mining industry standards.
  • Access to a Vital Source of Renewable Energy – 83% of energy used at the Troilus site is derived from renewable hydroelectricity with enough existing capacity already in place to power contemplated future production while minimizing GHG emissions and carbon footprint.
  • Prioritizing Local Business – 62% of Troilus’ total procurement spending in 2020 went to suppliers from the local economy making Troilus an important contributor to the success of business in northern Quebec.
  • A Safe Place to Work – Zero fatalities or work-related accidents in 2020 and a priority on safety and training.
  • Standing out Among the Crowd – Troilus was the proud recipient of the “Excellence in Sustainable Development Award” from the Quebec Mineral Exploration Association (QMEA).
  • The First ECOLOGO Certification – Last year Troilus was the first company ever to obtain the UL273: ECOLOGO Certification for the Responsible Development of Mineral Companies, a new standard launched the QMEA to recognize and promote environmental, social and economic best practices for exploration and development stage companies.
Justin Reid, CEO and Director of Troilus commented, “Holding ourselves to the highest standards when it comes to the people who work for us, the community we operate in and the natural environment we are charged with protecting has always been our commitment. Over the past year, our ESG framework has been an area of top priority as we seek to formalize and ingrain a sustainable mindset throughout the company. Although still in the exploration and development phase, we look ahead to a time when the mine will be back in production and know that now is the time to make bold and forward-thinking decisions that will have far-reaching implications for the future sustainable operation of the Troilus mine.”

In August 2020, Troilus launched a company-wide Sustainability Policy with the objective of creating value for shareholders while operating in a safe, socially and environmentally responsible manner, contributing to the prosperity of employees and local communities and respecting human rights, cultures, customs and values of those impacted by the Company’s activities. The Sustainability Policy is based on the four pillars of: People – maintaining a productive and supportive work environment that is based on mutual respect, fairness and integrity; Environment – eliminate, minimize and mitigate impacts of operations on the environment to maintain its viability and diversity; Health & Safety – a safe and healthy workplace that is injury free and enhances the well-being of employees, and; Communities – contributing to the economic and social development of local communities. To learn more about Sustainability initiatives at Troilus, please visit https://www.troilusgold.com/sustainability/overview/

Disclaimer: Troilus is a paid marketing client and we own shares*

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