Suppliers
All AGM suppliers and newly registered vendors must comply with applicable legal, ethical, and regulatory standards, guided by Galiano Gold’s Code of Business Conduct and Ethics and the AGM’s Supplier Code and Tender Procedure for Contracts. Suppliers must adhere to AGM policies and procedures relating to labour standards (including anti-corruption/anti-bribery), health & safety, human rights, discrimination, conflict of interest, whistleblowing processes, and the environment.
Suppliers are regularly reviewed to ensure adherence to these commitments and possession of all relevant accreditations. Any policy breaches result in an inquiry with the possibility of disciplinary actions, suspension of contracts until requirements are met, or contracts are cancelled.
In 2023, the AGM engaged 422 local and international suppliers (compared to 259 in 2022); 75% (320) of which were in-country vendors and 14% (58) of which were from community catchment areas. The increase in suppliers over 2022 is commensurate with resumption of mining, re-engagement, and remobilization.
The AGM’s total procurement spend in 2023 was approximately $160M (compared with $159M in 2022), comprised of approximately $48M in goods and $112M in services. Approximately $139M or 86% was procured locally (compared with $139M/87% in 2022), while the remaining $22 M (14%) of goods and services were sourced from international providers (compared to $21M/13% in 2022). Examples of products or services that cannot be procured locally include sodium cyanide, certain process plant equipment replacement parts, ball and SAG mill liners, as well as specialized services and inspections.