T H E M I N I N G 201 9 ANN U AL R E P O R T 3 ME S S A G E FR O M TH E C HA I R A N D THE P R E S I DE N T A N D C E O G o rd o n S t o t ha rt C ha ir o f t he B o a rd o f D i re c t o rs a n d P ie rr e G r a t t o n Pre si d e n t a n d C E O O v er t h e c o u rse o f 2 0 1 9 t h ere we re n u m ero u s i ssues t h at requ i red st rat eg i c at t ent i o n fro m t h e M i n i n g A sso c i at i o n o f C an ad a M A C an d i t s m em b ers t o ensu re t h at sup p o rt fo r t h e c o u n t r y s m i n eral s an d m et al s i n d u st ry we re p ri o ri t i z ed M i n i n g c o n t i n u es t o b e o n e o f t h e o n l y sec t o rs i n t h e C an ad i an ec o n o m y where we c an b o ast t h at we are a g l o b al l eader A ro u n d t h e wor l d c o u n t ri es want C an ad i an i n v est m ent T h ey want u s fo r h o w we g o ab o u t o u r b u si n ess h o w we wor k wi t h c o m m u n i t i es an d rai se st an d ard s We are o n e o f t h e safest ju ri sdi c t i o n s fo r m i n i n g i n t h e wor l d an d t h e C an ad i an m i n i n g sec t o r s c o m m i t m ent t o respo n si b l e env i ro n m ent al an d so c i al p rac t i c es i s wi d el y rec o g n i z ed i n t erna t i o n a l l y H o we v er whi l e C an ad a h as l o n g b ee n t h e d o m i n an t g l o b al m i n i n g n at i o n i n m i n era l p ro d u c t i o n m i n i n g fi n an c e m i n i n g serv i c es an d sup p l i es an d sust ai n ab i l i t y an d safet y t h ere are si g n s t h at t h i s l eadersh i p p o si t i o n i s sl i p p i n g whi c h h as t h e p o t en t i al t o jeo p ard i z e C an ad a s ab i l i t y t o sei z e n ew o p p o rt u n i t i es fo r g ro wt h I n o rd er t o at t ra c t g reat er i n v est m ent an d enh an c e t h e c o m p et i t i v eness o f t h e m i n eral sec t o r C a n ad a s m i n i n g i n d u st ry m u st b e b o l d T h e m i n i n g i n d u st ry o n e o f t h e m o st i m p o rt an t i n C an ad a s ec o n o m y requ i r es sup p o rt t o ensu re i t s o n g o i n g c o m p et i t i v eness C ri t i c al t o b o l st eri n g t h e i n d u st ry s d o m est i c an d i n t erna t i o n al l eadersh i p i s a p redi c t ab l e an d c o n si st ent d o m est i c p o l i c y an d reg u l at o ry env i ro n m ent G i v en se v eral p i ec es o f l eg i sl at i o n an d ac c o m p an y i n g reg u l at i o n s we re f i n al i z ed l ast y ear i n c l u d i n g sev eral st at u t es t h at affec t federal p erm i t t i n g o f n at u ral reso u rc es p ro jec t s an d federal c arb o n p ri c i n g i t i s y et t o b e see n h o w t h e b r o ad er m i n i n g i n v est m ent c o m m u n i t y l o o ks at C an ad a as a p l ac e t o d o b u si n ess 20 1 9 ki c ke d o ff wi t h c o n t i n u ed si g n i fi c an t fo c u s o n ad v o c ac y wor k p ert ai n i n g t o t h e n ew I m p a ct A ss ess m e n t A ct I A A t h e am end ed Fi sh e r i es A ct an d t h e n ew Ca n a d i a n N a v i g a b l e W a t er s A ct M A C was o n e o f t h e l eadi n g l o b b y i n g o rg an i z at i o n s t h ro u g h o u t t h e y ear d u e i n l arg e p art t o m ee t i n g s t o ensu re t h e c o n c erns o f al l o f i t s m em b ers we re b ei n g h eard b y p o l i t i c al d ec i si o n m ak ers fro m al l p art i es I n t h e end i f we l l i m p l em ent ed we are c o n fi d ent t h at t h i s n ew l eg i sl at i o n c an l ead t o a m o re effi c i ent p ro c ess fo r m i n i n g p ro p o n ent s 2 0 1 9 al so saw t h e fo rm al an n o u n c em ent o f t h e C an ad i an M i n eral s an d M et al s P l an C M M P a federa l t erri t o ri al p ro v i n c i al i n i t i at i v e t h at M A C an d i t s m em b e rs p l aye d a ro l e i n d ev el o p i n g A t t h e 2 0 1 9 P D A C c o n v ent i o n M A C p l aye d a l ead ro l e i n sup p o rt i n g t h e g o v ernme n t s an n o u n c em ent o n t h e C M M P t h ro u g h i t s spo n so r shi p o f t h e fi rst ev er C an ad a D ay R ec ept i o n whi c h i n c l u d ed rem arks fro m federal M i n i st ers an d P i erre Grat t o n M A C s P resi d ent an d C E O I f al l o f C an ad a s g o v ernme n t s t ake st eps t o p u t t h i s p l an i n t o ac t i o n t h e c o m p et i t i v e l an d sc ap e fo r n e w m i n eral ex p l o rat i o n an d m i n i n g i n v est m ent wi l l b e m u c h i m p ro v ed A c t i o n P l an s fo r t h e C M M P rem ai n fo rt h c o m i n g an d wi l l c ert ai n l y b e a p o i n t o f fo c u s fo r 2 0 2 0 G o r d o n St o t h a r t Ch a i r o f t h e B o a r d o f Di r e c t o r s