Gübretaş Maden Yatirimlari A.Ş. Becomes a Signatory to International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that it has accepted the application of Gübretaş Maden Yatirimlari A.Ş. to become a signatory to the International Cyanide Management Code (Cyanide Code). Gübretaş Maden Yatirimlari A.Ş. is developing the Söğüt Gold Mine Project in Turkey.

The Cyanide Code is a voluntary industry program focused on the safe and environmentally responsible management of cyanide by companies producing gold and/or silver and by companies manufacturing, warehousing, and transporting cyanide.

By becoming a signatory, Gübretaş Maden Yatirimlari A.Ş. commits to follow the Cyanide Code’s Principles and implement its Standards of Practice, and to have verification audits of its operation conducted by qualified, independent third-party auditors within three years of its initial application, and every three years thereafter. The operation will be certified if found in compliance with the Cyanide Code, and it may be de-certified if ICMI determines that it no longer complies with the Cyanide Code.

The Cyanide Code was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee, and it is amongst the most established certification programs in the mining sector. The Cyanide Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdiction in which the operation is located.

ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process for operations using, producing and transporting cyanide. A detailed list of the operations covered by signatory companies’ applications, along with the full text of the Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org. We invite you to read our 2021 Annual Report, which can be viewed here.

Monday, April 3, 2023