On Oct 26th, Durango Gold announced the beginning of something called a “baseline study.”
As the name suggests, the purpose of the study is to get a baseline measurement and establish benchmarks metrics for the project.
More specifically, the study is fundamental to the implementation of their ESG mining strategy…
And a crucial “next step” on their path towards a potential 2022 IPO (go here for the full story).
Here’s what every investor – and potential investor – in Durango should know about…
Durango Gold’s “Corporate Shared Value” Strategy
Mining companies are at the forefront of a major effort to bring Environmental, Social and Governance (ESG) guidelines into their work.
These factors directly affect natural and human environments, so ESG is no longer a superficial “green wash” that has more to do with PR than mining.
Companies applying ESG principles have new competitive advantages in many jurisdictions, with growing potential to offer investors better outcomes.
Investors are demanding more transparency and accountability regarding the impacts mining companies have on the environment…
And insight on how they plan on reducing their impact going forward.
That’s why Fernando Berdegué, CEO of Durango Gold, is committed to implementing their ‘Shared Value’ philosophy.
In a recent press release, Berdegué stated…
“With the idea of setting industry standards during this evolving period and pursuit of its vision, Durango Gold will continue to advance its plan to become a one-of-a-kind exploration company.
By achieving this, the company will also have a much better shot for making a world-class discovery.
The decision to begin with a baseline study as a foundation for our Corporate Shared Value Strategy reflects once more our commitment towards innovation and “Systems Thinking”.
We believe that a better understanding of the regional environment in which we are operating will help us generate solutions that will contribute to meet our milestones.”
Durango Gold’s Corporate Shared Value Strategy focuses on adding value to the environment surrounding the Claudia project with the objective of increasing the company’s overall exploration capacity.
To achieve this, the company needs to identify areas of opportunity to increase its acceptance within local groups and communities to:
- Develop a provision for future promotion and introductions to new areas for exploration
- Increase local support to reduce acceptance reduction risk
- Continue communication channels, logistics support network, and local healthcare solutions
- Increase quality local suppliers to reduce transport costs on goods
- Increase local quality-labor availability to reduce payroll costs and travel expenses.
With these objectives in mind, the baseline study aims to improve the company´s understanding of the potential environmental impacts of the project.
Your early-stage experts,
Equifund.com
