(a)
The portion attributable to Chirano non-controlling interest represents the non-controlling interest (10%) in the production cost of sales for the Chirano mine.
(b)
(c)
“Attributable silver revenues” represents the attributable portion of metal sales realized from the production of the secondary or by-product metal (i.e. silver). Revenue from the sale of silver, which is produced as a by-product of the process used to produce gold, effectively reduces the cost of gold production.
(d)
“General and administrative” expenses is as reported on the consolidated statement of operations, net of certain restructuring expenses. General and administrative expenses are considered sustaining costs as they are required to be absorbed on a continuing basis for the effective operation and governance of the Company.
Mat Szwajkos/Getty Images; Joshua Roberts/Getty Images; Jason Reed/Reuters; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Firms are pushing deeper into sustainability as Biden s administration eyes a stronger ESG approach.
The administration has already ushered in wins for climate activists and may finally look to define ESG.
We asked industry insiders how firms were addressing the rise in socially responsible investing.
This story was originally published on February 9, 2021, and has been updated to reflect ESG-related statements the SEC has made since then.
President Joe Biden s administration has already ushered in wins for climate activists, from rejoining the Paris climate agreement to banning oil companies leases on federal land.
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In a tumultuous year, one of the key clear messages to emerge from 2020 was that environmental, social and governance (ESG) concerns are here to stay. As mentioned in our 31 July 2020 article “ESG in 2020: A Half-Year Review,” although many investors feared that the focus on ESG policies would fall away in the face of an economic crisis, the opposite appears to have occurred. The pandemic instead has triggered a debate on what societies really value, and at the same time exposed the extent of global interconnectedness and the “tragedy of the horizon” whereby societies fail to plan in the longer term and only address issues when it is too late. This focus continued throughout 2020 and, as a result, many now regard the coming months and years as an opportunity to rebuild economies with ESG matters, corporate purpose and sustainability firmly placed at the fore. In this article, we review the key trends that emerged i