Environmental Policy

Environmental leadership in the mining industry is a strategic business objective of Virgin Gold. Maintaining high professional standards for our environmental practices is vital to our long-term sustainable success and forms the foundation of our corporate reputation. Virgin Gold acknowledges its responsibility to manage the environmental effects associated with its operations as we pursue our goal of generating value for our shareholders, our employees and our local communities.

Virgin Gold will:

  • Comply with applicable environmental laws and regulations at all times, at all locations, and at all stages of exploration, development, operations and closure
  • Establish and maintain standards, procedures and management controls to ensure that environmental considerations are balanced equally with competing priorities and other key business activities
  • Ensure that all employees and contractors are trained to understand their environmental responsibilities and create an environment conducive to adhering to the Company’s policies, procedures and applicable regulations
  • Hold leadership accountable for the environmental performance of our operations and projects, based inherently on the fact that accountability represents the commitment of senior management to provide resources and create an environment that spawns success
  • Reward and recognize behavior that supports environmental stewardship
  • Implement procedures to measure environmental performance, including regular operational audits to verify compliance with the Company’s Environmental Policy and applicable regulations
  • Communicate openly with employees, the regulatory community, the public and stakeholders on environmental issues
  • Work proactively with other mining companies, policy makers and the public to define environmental priorities and contribute to the development of responsible laws and regulations to protect the environment
  • Actively engage with credible third parties to develop continuous improvements in our environmental policies and practices
  • Continuously review environmental achievements and technology to share and promote the implementation of best practices
  • Develop and maintain reclamation and closure cost estimates, account for those costs in the Company’s business plans, and address the Company’s reclamation and closure obligations in a way that demonstrates excellence and establishes industry-wide leadership by example
  • Require that the Environmental, Health and Safety Committee meets on a regular basis in order to monitor performance and confirm that Virgin Gold adheres to these principles