We work closely with local communities and Indigenous Peoples, valuing and including their views in how we operate. Our regional focus helps us reduce environmental impacts, increase social benefits and contribute to local economies.
We have developed a comprehensive action plan based on core principles to advance reconciliation with Indigenous communities doing what’s right, respecting the rights of all and creating value for stakeholders. True reconciliation demands a deliberate, sustained effort. This plan enhances existing efforts and promotes opportunities to learn, adapt and replicate successful approaches across all our sites.
As we see the impacts of climate change around the world and with communities facing wildfires, floods and droughts, we continued to take action to support our neighboring communities, as well as assess and develop action plans to address climate change risks. Over the next decade, we see opportunities to transition towards lower carbon technologies such as electric mobile equipment to reduce greenhouse gas emissions and support initiatives for green energy infrastructure development.
We are also working on assessing the various climate change risks and opportunities facing our operations and impacting neighboring communities to develop strategies for adaption and mitigation and support initiatives that contribute to local economic capacity and flexibility to proactively address these challenges.
Our Towards Zero Accidents initiative, launched in 2020, led to a 34% improvement in safety performance this year, demonstrating the success of our safety-focused approach. Across the Company 80% of active mine sites outperformed their objectives and our Goldex operation, Hope Bay project and Northern Territories project had zero lost time or restricted work injuries. An outstanding result in 2023 and a company record. These results weren’t by chance; it is the result of hard work, intentional strategies, robust safety systems, a culture celebrating safe work and well-managed mines.
This intentional mindset is applied to addressing our ESG commitments across the company.
Whether in safety, Indigenous Relations or climate change, we consistently work to improve our performance. We stay focused, we employ intentional strategies, and we build on past successes and lessons learned.
I want to thank Agnico Eagle’s community and Indigenous partners for supporting us on this journey. And to all employees, thank you for your hard work and dedication to advancing our sustainability performance.
Sincerely,
Ammar Al-Joundi
President and Chief Executive Officer