Third-Party Mine Operators

Wheaton’s streaming agreements are held with third-party mine operators who are some of the largest and well-known producers in the world. The majority of our partners with producing assets publish annual sustainability reports outlining their sustainability and ESG related targets and progress.

Below, we have provided highlights from the sustainability reports and websites from select partner mine operators1. In addition, we have provided links to all of our partners’ respective websites where the reports and further information can be accessed. Wheaton is proud to partner with mine operators who are committed to responsible mining through their participation in voluntary and transparent reporting initiatives.

Select ESG Highlights

Partner: Vale S.A.Asset: Salobo

Country:

Brazil

Select External Commitments & Memberships:

  • United Nations Global Compact
  • Global Reporting Initiative
  • Extractive Industries Transparency Initiative
  • International Council on Mining and Metals
  • Carbon Disclosure Project

Sustainability Report

Website external

Environmental

  • According to the Carbon Disclosure Project (CDP) Mining Report 2017, Vale ranked among the 12 largest open-capital, diversified mining companies in terms of corporate readiness to transition to a low-carbon economy
  • Vale became members of the Task Force on Climate-related Financial Disclosures (TCFD)
  • In 2017, Vale invested US$487.3 million in environmental protection and conservation
  • Investments in dam management at Salobo to raise the crest of the Salobo tailings dam

Social

  • In 2017, Vale rejoined the International Council on Mining and Metals, a leading mining entity strongly committed to business sustainability and human rights
  • 90% local purchases rate in Brazil
  • Wheaton provided support to the Vale Foundation’s Work and Income Generation initiative focused on supporting social impact businesses and family farms
  • Salobo contributes directly to the socioeconomic development of Marabá and Parauapebas (Pará) municipalities that are in the project’s area of influence
  • Continued commitment to preserving human rights through various initiatives and internal programs

Governance

  • In December 22, 2017, Vale announced the migration of its shares to Novo Mercado on the São Paulo Stock Exchange, the highest listing segment in terms of corporate governance, management and transparency
  • Creation of the Sustainability and Institutional Relations Executive Department and the Sustainability Committee

Partner: Glencore Asset: Antamina

Country:

Peru

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • United Nations Global Compact
  • Carbon Disclosure Project

Sustainability Report

Environmental

  • Environmental management system focused on resource optimization, minimizing emissions and discharges into the surrounding area, and minimizing waste and occurrences of spills
  • Hydrological monitoring of bodies of water as well as monitoring of terrestrial plants and animals is carried out to ensure the surrounding biodiversity is not impacted by  operations

Social

  • Committed to a multi-stakeholder approach for local development including improvements to education, health, and economic opportunities
  • Antamina’s community investments resulted in improved access to better health and educational services
  • Wheaton continues to partner with Antamina on the Enseña Perú program focused on improving literacy and math levels of children living near the vicinity of the mine

Governance

  • Operations are certified in accordance with Environmental Management System ISO 14001 and Safety Management and Occupational Health certi-fication OHSAS 18001

Partner: GoldcorpAsset: Peñasquito

Country:

Mexico

Select External Commitments & Memberships:

  • United Nations Global Compact
  • Voluntary Principles Association
  • International Council on Mining & Metals
  • Global Reporting Initiative
  • Extractive Industries Transparency Initiative
  • World Gold Council
  • Carbon Disclosure Project

Sustainability Report

Environmental

  • EcoTails project is currently completing the pre-feasibility research phase with test work underway at Peñasquito, allowing for a better way to manage waste and benefit biodiversity
  • 100% of power was sourced from an efficient, combined-cycle natural gas power plant, saving approximately 100,000 tonnes of CO2e during 2017
  • Over 86 hectares have been assigned to the preservation and management of the Miquihuan White-tailed Deer at Peñasquito

Social

  • New local employment strategies deployed to promote economic growth and offer more opportunities to residents living closest to the Peñasquito mine
  • Peñasquito implemented their multi-year educational initiative aimed at benefitting local elementary and secondary school children
  • Peñasquito funded the construction of “La Plaza” community square, a recreation space for the benefit and enjoyment of the community
  • In 2018, Peñasquito constructed and opened the Rural Medical Centre, which will benefit more than 2,300 members of the community of Cedros and Mazapil, in the state of Zacatecas

Governance

  • Sustainability Excellence Management System (SEMS) Framework and Standards provides the framework for sustainability management and specific performance standards to facilitate the implementation of policies consistently across the company
  • All of Goldcorp’s operations have the appropriate systems and controls in place to conform to the World Gold Council’s Conflict-Free Gold Standard
  • Goldcorp signed a further pledge with Catylst Accord with a goal to accelerate the advancement of women on Boards and in the C-Suite to 30% or greater by 2022

Partner: Hudbay Minerals Asset: Constancia

Country:

Peru

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • Extractive Industries Transparency Initiative
  • Voluntary Principles on Security and Human Rights
  • Carbon Disclosure Project
  • IFC Performance Standards

Sustainability Report

Environmental

  • At Constancia, Hudbay has set an objective of no net loss of biodiversity—to reach this goal, the site has developed a biodiversity action plan (BAP) and measures its annual performance against six key objectives with specific action plans for 2017
  • Achieved 100% of the objectives laid out in the 2017 Biodiversity Action Plan for Constancia
  • Peru Business Unit conducted extensive water quality monitoring of the nearby streams and rivers to assess any impacts our activities may have on the water sources

Social

  • Hudbay to invest more than US$1 million in sustainable development projects that range from forestation to livestock and dairy production—Wheaton is supporting this initiative through Wheaton’s Partner CSR Program
  • Excellent safety record at Constancia
  • Three-year collective bargaining agreement negotiated with unions in Peru

Governance

  • In 2017, Hudbay conducted an online campaign that asked officers and employees to certify by e-signature their adherence to key compliance policies, and to complete a training program in respect of such (achieved 100% compliance)
  • Conducted anti-bribery and anti-corruption refresher training for board members

Partner: Sibanye-StillwaterAsset: Stillwater Mines

Country:

USA

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • United Nations Global Compact

Sustainability Report

Environmental

  • Good Neighbours Agreement (GNA), an innovative framework for protecting the natural environment while encouraging responsible economic development
  • New Environmental Vision 2020 to be launched at US operations with an aim to improve lives though responsible environmental management practices and includes, inter alia, verifiable compliance, risk management and environmental and water footprint management in anticipation of post mining socio-economic closure

Social

  • Stillwater Mines have long history of environmental and social collaboration with local communities and interest groups that is rooted in the Good Neighbours Agreement
  • During 2017, East Boulder received the Montana Mining Association’s Safe Work Practices Award for 2016

Governance

  • Strong, ethical corporate governance, based on the principles of accountability, transparency, competence, responsibility, fairness and integrity
  • A major focus in 2017 was ensuring compliance with the King IV Report on Corporate Governance for South Africa

Additional Partner Resources

Partner Assets Reports & Websites
Alexco Resource Keno Hill Alexco Website
Barrick Gold Pascua Lama 2017 Sustainability Report Summary Barrick Website
Capstone Mining Minto Sustainability Report 2017 Capstone Mining Website
Eldorado Gold Stratoni 2017 Year in Review Eldorado Gold Website
First Majestic San Dimas First Majestic Website
Glencore Antamina, Yauliyacu 2017 Sustainability Report Glencore Website
Goldcorp Peñasquito 2017 Sustainability Report Goldcorp Website
Hudbay Constancia, 777, Rosemont 2017 Annual and CSR Report Hudbay Website
Kutcho Copper Kutcho Kutcho Copper Website
Leagold Los Filos Leagold Website
Lundin Mining Zinkgruvan, Neves-Corvo 2017 Sustainability Report Lundin Website
Pan American Silver Navidad (Loma de La Plata) 2017 Sustainability Report Pan American Website
Panoro Minerals Cotabambas Panoro Website
Sandspring Resources Toroparu Sandspring Website
Sibanye-Stillwater Stillwater Integrated Annual Report 2017 Sibanye-Stillwater Website
Vale Salobo, Sudbury, Voisey’s Bay Sustainability Report 2017 Vale Website

1. This information is based on the public disclosure of the Third‐Party Operator and has not been independently verified by Wheaton Precious Metals. For full details on Third-Party Operators, including the risks associated with their operations, please refer to Third-Party Operator public disclosure documents.