Tailings Safety
The Tailings Safety Initiative is an investor-led initiative to improve disclosure standards around tailings management in the extractive industry. The overall goal of the Tailings Safety Initiative is to prevent future tailings dam failures, protect communities and ecosystems, and promote responsible mining practices globally.
The Scully Mine’s dike risk is actively monitored under the Tailings Safety Initiative, which prioritizes transparency and adherence to global safety standards in tailings management. Tacora Resources has demonstrated its commitment to responsible mining by implementing safety measures and participating in the initiative, ensuring compliance with best practices like the Global Industry Standard on Tailings Management. The Flora Basin, the designated Tailings Impoundment Area (TIA) at Scully Mine, benefits from ongoing safety protocols and vegetation efforts to minimize environmental impact and stabilize the area. Recent investments in tailings safety reflect Tacora’s focus on reducing risks associated with tailings management while aligning with stakeholder and environmental expectations.
The Scully Mine's dike risk level falls under the lowest risk classification as part of the Tailings Safety Initiative. This indicates that the mine's tailings management system meets rigorous standards for safety and environmental protection. Tacora Resources has implemented advanced monitoring and management practices to ensure compliance with provincial and international regulations regarding dike and tailings safety.
