Sustainability Report 2025

Creatingvalue

We prioritize cost efficiency through strategic investments in exploration, capacity expansion, power generation, and operational efficiency throughout the entire business cycle.

Business model

We focus on maintaining low operating costs and continuously invest in exploration, capacity expansion, and improvements in energy use and operational efficiency throughout the business cycle. This strategy—combined with our sustainable development initiatives, talented and well-trained workforce, strong capital structure, and sound corporate governance—sets us apart and enables us to generate long-term value for our shareholders.

Corporate governance
Energy, engineering, construction-infrastructure, innovation, and services
Division
Exploration division Mines division Metals division Chemicals division Sales

Stakeholder engagement

We are committed to building mutually beneficial relationships with our stakeholders — employees, communities, government, customers, shareholders, suppliers, contractors, and raw material suppliers — that enable us to achieve our business objectives and contribute positively to sustainable development. Our relationships are guided by our organizational values, with a special emphasis on ethical behavior, a love for life, respect for human rights, and environmental care. Our engagement mechanisms enable us to identify material issues, fostering dialogue and trust to actively collaborate in managing impacts, risks, and opportunities.

Peñoles stakeholders

Our purpose

To generate opportunities and well-being by sustainably supplying essential resources

Our purpose guides our strategic decisions, balancing our needs with those of our stakeholders and the environment. Sustainability is at the core of our purpose, ensuring the organization’s long-term viability while upholding our socio-environmental responsibilities.

Our approach to sustainability is based on three principles:

Principles

Select each principle to view more information.

Our organizational culture—grounded in our CRIL values (trust, responsibility, respect, integrity, and loyalty)—inspires us to manage both our positive and negative impacts on sustainable development responsibly. We aspire to conduct our activities without causing harm to people or the environment.

ESG strategy

Aware of the importance of having a strong ESG strategy, we have defined three objectives to achieve it:
Peñoles ESG strategy

Select each circle to view more information.

Culture and values

Our values

Confidence

We are confident in our capacity as a team—the sum of our talents—and the consistent work of each person to achieve extraordinary results.

Select each value to view its description.

Sharing value

US$ thousand

Direct Economic Value Generated 2025 2024
Revenues $ 8,786,806 $ 6,728,371
         
Economic value distributed $ 6,405,420 $ 5,836,459
Operating costs $ 4,669,086 $ 4,092,550
Employee wages and benefits $ 619,058 $ 622,060
Payments to government $ 597,708 $ 815,297
Community investments $ 5,905 $ 7,840
Payments to providers of capital $ 513,663 $ 298,712
         
Economic value retained $ 2,381,386 $ 891,912

Note: The information was obtained from the audited financial statements and consolidated income statement accounts that are based on accrual accounting.

Contribution to the UN SDGs

We are committed to communicating how we contribute to sustainable development, protecting and creating value for our stakeholders. We aim to make our sustainability reporting—based on the Global Reporting Initiative (GRI) framework—the foundation for our SDG-related disclosures. We have begun integrating the GRI and IFRS S1 and S2 frameworks, structuring our disclosures into i) governance, ii) strategy, iii) impact and risk management, and iv) performance and metrics. We will continue working to disclose how we support the SDGs, while advancing the integration and maturity of these reporting frameworks.

We identified the SDGs most closely aligned with our materiality matrix—those where we can have the greatest impact on stakeholder value creation.

Material to our business

Creating value

Protecting value