Social Responsibility

In conducting operations in West Africa a sound understanding of the social, environmental and economic implications of our activities, beit from exploration and/or project development, is required in order to optimise the benefits and minimise the negative impacts to local communities and regional economies. To date we have participated in a number of community based projects including Niankorodougou village library, Nogbele village waterbore and womens group market garden.

As a investor in Gryphon since 2009, the International Finance Corporation, a member of the World Bank Group, has been instrumental in helping to define the Community Investment Strategy for Gryphon as we continue to grow in West Africa:

Voluntary contributions or actions by companies to help communities in their areas of operation

address their development priorities, and take advantage of opportunities created by private investment, in ways that are sustainable and support business objectives (IFC)

Gryphon has adopted a Strategic Community Approach to underpin its future community investments. The five key elements of this approach are:

Strategic

well thought out and defined in advance

Aligned

with business as well as community interests and priorities

Multi-stakeholder driven

community, local government as well as business involvement

Sustainable

encouraging self-reliance rather than dependency through to mine closure

Measurable

assessing outcomes and impact, but also return on our investment

We look forward to reporting against these key elements in the future as both our Strategy and company develop.