Press Release
Toronto, Ontario–(July 5, 2023) – Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (FSE: MOPA) (“Moneta” or the “Company”) is proud to release its inaugural Environmental, Social, and Governance (“ESG”) Report for the 2022 reporting period, highlighting the achievements and efforts the Company has made over the last year and setting out Moneta’s priorities with respect to its ESG practices.
Click here to view Moneta Gold’s ESG report
2022 Highlights:
“Our inaugural Sustainability Report reflects our core philosophy that we put ESG at the forefront of our activities. All of us at Moneta are very proud of this commitment, whether it involves building and maintaining relationships, focusing on health and safety, governance oversight, and recognizing the importance of Indigenous communities, and environmental protection. Throughout 2023, we have continued to further develop and refine our ESG strategy; with an approach to integrate industry-standard performance and reporting frameworks relevant to our early stage of development,” stated Josef Vejvoda, interim Chief Executive Officer of Moneta Gold.
About Moneta Gold
Moneta is a Canadian-based gold exploration company focused on advancing its 100% wholly owned Tower Gold project, located in the Timmins region of Northeastern Ontario, Canada’s most prolific gold producing camp. The September 2022, PEA study outlined a combined open pit and underground mining and a 7.0 million tonne per annum conventional leach operation over a 24-year mine life, with 4.6 Moz of recovered gold, generating an after-tax NPV5% of $1,066M, IRR of 31.7%, and a 2.6-year payback at a gold price US$1,600/oz. Tower Gold hosts an estimated gold mineral resource of 4.5 Moz indicated and 8.3 Moz inferred. Moneta is committed to creating shareholder value through the strategic allocation of capital and a focus on the current resource upgrade drilling program, while conducting all business activities in an environmentally and socially responsible manner.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Ardem Keshishian, VP Corporate Development
416-471-5463
akeshishian@monetagold.com
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