TORONTO, May 19, 2022 (GLOBE NEWSWIRE) — Madre Tierra Mining Ltd.Madre Tierra” or “Company) is a company that takes an innovative approach to the traditional gold exploration model by combining the sustainability of a cash-flow generating gold trading business with the viability of traditional exploration, making it transparent to stakeholders. I am pleased to announce a new trade policy (“policyThis is a key pillar of our environmental, social and governance (“ESG“) Framework.
We reiterate our commitment to a more sustainable supply chain through our policies. Generally, this policy ensures that companies pay their local licensed artisanal mining partners about 50% more per ounce of gold than other miners. The policy also requires the company to disclose the weighted average purchase price of gold obtained from local licensed artisanal mining partners to ensure accountability and transparency.
Additionally, Madre Tierra avoids brokers and aggregators and buys directly from mining partners, increasing the margin miners receive.
Sasha Kaprun, Chief Executive Officer and Director of Madre Tierra, said:
Kaplun continues: In striving to provide strong risk-adjusted returns for our shareholders, we must continue to recognize that we play an important role in supporting our local mining partners, families and communities. ”
“We expect to inject more than US$1 million into the local economies of the communities in which we operate based on projected annual gold purchases in the first year of wholesale operations.” Kaprun Completed.
For more information, please visit our website https://www.madretierragold.com/ or https://invest.madretierragold.com/ or contact us at invest@madretierragold.com.
About Madre Tierra:
Madre Tierra is not a traditional gold company. We focus on revenue-generating operations from day one, hedging risky exploration and development and through our own gold trading license in Colombia.
Madre Tierra collects gold from Colombian artisanal and small businesses for sale to international markets, allowing them to earn spreads on each trade, regardless of market fluctuations.
Madre Tierra also invests in the 90% owned El Carlinita gold project in the municipalities of Montecristo and Santa Rosa del Sur in Bolivar, Colombia. With its diversified asset base, cash flow generating gold trading business and exposure to gold exploration, Madre Tierra offers shareholders a unique opportunity to earn profits beyond traditional gold trading businesses. .
