Equinox Gold Highlights Strong 2024 Sustainability Performance

Equinox Gold Corp. (NYSE:EQX) is one of the cheap Canadian stocks to buy now. On July 15, Equinox Gold released its 2024 Sustainability Report, which was developed using Global Reporting Initiative/GRI and Sustainability Accounting Standards Board/SASB frameworks that provide a thorough overview of the company’s performance and progress across crucial environmental, social, and governance/ESG areas

Environmentally, the company improved performance by 31% in 2024, as compared to 2023, with a Significant Environmental Incident Frequency Rate of 0.20 per million hours worked. The company reported zero tailings or heap leach-related incidents, diverted 4,531 tonnes of hazardous and non-hazardous material, rehabilitated 38.5 hectares of land, and planted over 32,395 seedlings. Water stewardship initiatives were also advanced.

Equinox Gold Highlights Strong 2024 Sustainability Performance

A long pipeline snaking through a rural landscape – symbolizing the companies midstream energy services.

Socially, Mesquite celebrated 8 years without a lost-time injury/LTI, and Greenstone and Castle Mountain had zero LTIs in 2024. The company-wide LTI frequency rate was 0.49 per million hours worked, surpassing the target. Social investments increased to US$10.1 million, primarily for healthcare and education. Employee development programs were expanded, and a cycling relay raised over C$1.44 million for charities.

Equinox Gold Corp. (NYSE:EQX) is an energy company that acquires, explores, develops, and operates mineral properties in the Americas. The company primarily explores gold and silver deposits.

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Disclosure: None. This article is originally published at Insider Monkey.