FNV: TSX | NYSE 20 Operators Climate: Lundin’s climate strategy is currently in development with the intention that a transition plan be implemented to ensure resilience across its business and adaptation in the face of climate change. In 2020, Lundin launched a commitment to integrate climate-related risks into its broader risk framework, conducting a climate change vulnerability assessment for each of its operations that incorporated issues such as resilience of site water management infrastructure, processes and procedures, essential transportation networks, and security of water resources. Water Management: Due to the arid climate in the Candelaria project region and the need for local authorities to ensure the continued availability of sufficient potable water for the community, competition for potable water has been identified as a risk for the Candelaria operation. The Company minimizes its effect on the local groundwater aquifer by meeting operational water requirements entirely through supply from its desalination facility. Currently, potable water for mine personnel is supplied by local third-party organizations, sourced from the groundwater aquifer. The operation continues to plan for its commitment to meet its total water demand, including potable supplies, from the desalination facility by July 2025. Bio-Diversity: All of Lundin’s operations conduct routine flora, fauna and aquatic surveys to identify species of interest and to monitor habitat health, biodiversity and any changes that could potentially be attributable to its operations. Although there are no protected or high biodiversity value areas within or adjacent to Candelaria, Lundin has implemented complementary programs at Candelaria’s port operations to support marine rehabilitation, restoration and replantation programs to ensure sustainable use and management of marine areas. Diversity and Inclusion: In 2020, Lundin adopted its Diversity and Inclusion Policy, which was amended in 2021 to include a target of at least 30% women on its board of directors and at least 30% of executive officer positions held by women. As of 2021, 33% of Lundin’s board of directors and 36% of its executive officers were women. Health & Safety: Although 2020 was a demanding year for Lundin that included operational challenges, labour negotiations, major project activities at Candelaria, and significant and disruptive changes to work practices due to COVID-19, Lundin recorded its best ever Lost Time Injury Frequency Rate (LTIFR) of 0.26 per 200,000 hours worked for all of its operations (2019: 0.40). Transparency: Lundin publishes an annual Sustainability Report and reports on its sustainability performance using the reporting framework of the Global Reporting Initiative (GRI), including applicable Mining and Metals Sector Supplement (MMSS) guidance. The Company is also a UN Global Compact participant and publishes an annual Communication-on-Progress. Asset: Candelaria Country: Chile 2021 Revenue: $116.5 million lundinmining.com/responsible-mining We have a gold and silver stream on Lundin Mining’s (80% owned) Candelaria project in Chile. Candelaria mental health initiative supported by Franco-Nevada in 2020
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