T H E M I N I N G 201 9 ANN U AL R E P O R T 8 G l o b a l Ad o p ti o n a n d Up t a ke o f T S M M A C c o n t i n u es t o b u i l d c ap ac i t y wi t h i n t h e g l o b al m i n i n g i n d u st ry b y sha ri n g i t s ex p ert i se i n sust ai n ab l e m i n i n g p rac t i c es M A C an d i t s m em b ers h av e b ee n sha ri n g t h e T S M i n i t i at i v e wi t h m i n i n g asso c i at i o n s i n o t h er c o u n t ri es t h at are see ki n g t o o l s t o i m p ro v e t h e env i ro n m ent al an d so c i al p erfo rm an c e o f t h ei r respec t i v e i n d u st ri es I n Sep t em b er T S M was fo rm al l y ad o p t ed b y I BRA M t h e n at i o n al m i n i n g asso c i at i o n o f Braz i l A s o f t h e end o f 2 0 1 9 T S M i s b ei n g i m p l e m ent ed i n C an ad a Fi n l an d A rg ent i n a Bo t swana t h e P h i l i p p i n es Sp ai n an d Braz i l I n t erna t i o n al i n t eres t i n T S M c o n t i n u es t o g ro w an d M A C i s c u rren t l y eng ag i n g wi t h o t h er g o v ernme n t s an d asso c i at i o n s ac ro ss t h e g l o b e G r o w i n g Ro l e o f T S M i n Res p o n s i b l e S u p p l y C h a i n s S u st a i n a l y t i c s Su st ai n al y t i c s l au n c h ed a n ew T ai l i n g s H az ard I n d i c at o r i n t end ed t o p r o v i d e d at a t o i n v est o rs t o h el p t h em assess t ai l i n g s ri sks when m ak i n g i n v est m ent d ec i si o n s O n l y c o m p an i es p art i c i p at i n g i n ei t h er T S M o r I RM A wi l l b e ab l e t o rec ei v e t h e h i g h est sc o res i n t h i s n ew i n d i c at o r Su st ai n al y t i c s i s p l an n i n g t o i n c o rp o rat e T S M d a t a i n t o ad d i t i o n al i n d i c at o rs o v er t h e c o m i n g y ear T r a d ew i n d s T S M was i n c l u d ed as an i n d i c at o r o f respo n si b l e so u rc i n g i n a n ew b l o c kc h ai n p ro jec t fo r g o l d c al l ed T rad ew i n d s O RI GI N S a p art n ershi p t h at i n c l u d es A g n i c o E ag l e I A M GO L D N e wm o n t t h e Ro y al C an ad i an M i n t BM O an d o t h ers Res p o n si b l e S t eel T h e R espo n si b l eSt ee l RS st an d ard was ap p ro v ed b y i t s m em b ers i n D ec em b er 2 0 1 9 Whi l e t h e RS st an d ard wi l l b e av ai l ab l e fo r st ee l p l an t c ert i fi c at i o n i m m edi at e l y u p o n ap p ro v al i t i s est i m at ed t h at an ad d i t i o n al si x m o n t h s wi l l b e requ i red t o fi n al i z e t h e ap p ro ac h fo r raw m at eri al s t h at wi l l fee d i n t o t h e RS sup p l y c h ai n D u ri n g t h i s t i m e RS wi l l wor k w i t h T S M an d I RM A t o d ev el o p t ran spa rent c ri t eri a fo r h o w RS wi l l rec o g n i z e m i n i n g st an d ard s I n t eg r a t ed A u d i t P r o t o co l I n p art n ershi p wi t h t h e Respo n si b l e J ew e l ry C o u n c i l R J C M A C h as d ev e l o p ed a n ew t o o l fo r al i g n i n g au d i t s an d re p o rt i n g fo r st an d ard s T h e I n t eg rat ed A u d i t P ro t o c o l c o m b i n es an d b l end s t h e requ i rem ent s o f b o t h T S M a n d RJ C i n t o a si n g l e set o f c ri t eri a an d au t o m at es t h e repo r t i n g fo r b o t h st an d ard s I n N o v em b er 2 0 1 9 o n e M A C m em b er t h at al so h as an RJ C c ert i fi ed m i n e b e g an p i l o t i n g t h i s n ew t o o l Bey o n d RJ C M A C h as d ev el o p ed a d raf t t o o l t h at i n c o rp o ra t es t h e n ew I C M M P erfo rm an c e E xpec t at i o n s an d t h e Wo rl d Go l d C o u n c i l Respo n si b l e Go l d M i n i n g P r i n c i p l es