Business
Galiano Gold Releases 2019 Sustainability Report
(All dollar amounts are United States dollars unless otherwise stated) VANCOUVER, BC, July 17, 2020 /CNW/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX:
About this update from Galiano Gold, Inc.
[{"type":"text","content":" (All dollar amounts are United States dollars unless otherwise stated) VANCOUVER, BC, July 17, 2020 /CNW/ - Galiano Gold Inc. (\"Galiano\" or the \"Company\") (TSX: GAU) (NYSE American: GAU) (formerly Asanko Gold Inc.) is pleased to announce the publication of its first Sustainability Report under the new Company name. This is the sixth report containing sustainability performance data from the Asanko Gold Mine (\"AGM\") in Ghana, including certain ESG indicators from Galiano's corporate and project offices. The AGM is a 50:50 joint venture (\"JV\") with Gold Fields Ltd (JSE, NYSE: GFI) which is managed and operated by Galiano. The 2019 Sustainability Report, prepared in accordance with the 'Core' Global Reporting Initiative (\"GRI\") Standards, reflects Galiano's corporate and social commitment to increase transparency and improve disclosure. In 2019, the Company had made sustained progress across a number of ESG indicators. Sustainability Report Highlights Implemented International Council on Mining & Metals (ICMM) safety reporting standards and achieved a Total Recordable Injury Frequency Rate (TRIFR)1 of 1.26, well below the 2019 ICMM benchmark of 3.20 Recorded zero significant environmental incidents or spills Emphasized hiring from local communities with approximately 53% of employees hired locally and a workforce that is over 99% Ghanaian Leveraged the presence of the mine for mutual benefit with the host communities, investing over $1 million in local community programs and supporting 307 Ghanaian businesses Achieved a 90% score on the 2019 annual Ghana Minerals Commission independent environmental audit Became a signatory to the International Cyanide Management Code Recognized for a second year in a row by the Ghana Chamber of Mines with the Asanko Gold Mine winning Mining Company of the Year award. \"2019 was a year of transition for the Company which culminated in May this year in a new brand and corporate foundation, reflecting the refreshed business strategy and vision of a sustainable business aimed at long-term value creation,\" said Greg McCunn, Chief Executive Officer. \"I am proud to recognize the joint efforts and strong contribution from the entire team to advance our health and safety performance, enhance environmental management practices, and improve the ways we engage with our k...