The International Cyanide Management Institute (ICMI) announced today that Hyosung TNC Corporation’s Asia, South America, and Russia Federation and CIS Supply Chains have been certified in full compliance with the International Cyanide Management Code (Cyanide Code). The Cyanide Code is a voluntary industry program for companies involved in the production of gold and/or silver using cyanide and companies producing and transporting this cyanide.

Hyosung TNC Corporation’s Asia Supply Chain and Russia Federation and CIS Supply Chain were initially certified in July 2022. This is the initial certification for Hyosung TNC Corporation’s Asia Supply Chain. As required under the Cyanide Code, these operations were audited against ICMI’s Verification Protocol by an independent professional third-party auditor. ICMI has received and accepted the Summary Audit Reports and the Detailed Audit Findings Reports submitted by the auditor, who found the operations in full compliance with the Cyanide Code’s Principles and Transport Practices. The Summary Audit Reports and Auditor Credentials Forms are available on Hyosung TNC Corporation’s Signatory Page on the Cyanide Code website. The operations must be re-audited every three years to evaluate continuing compliance 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 is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdictions 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. 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 2024 Annual Report, which can be viewed here.