TSX: SIL | NYSE American: SILV
VANCOUVER, BC, July 16,
2024 /PRNewswire/ - SilverCrest Metals Inc.
("SilverCrest" or the "Company") is proud to announce the release
of its 2023 Environmental, Social, and Governance ("ESG") Report
(the "Report"), which primarily focuses on its Las Chispas
Operation located in Sonora,
Mexico (the "Las Chispas Operation") and also encompasses
the surrounding communities in which it operates. All amounts
herein are presented in United
States Dollars ("US$"), unless otherwise stated.
Chris Ritchie, President,
commented, "In 2023 SilverCrest achieved remarkable milestones;
eliminating our debt within the first seven months of commercial
production, meeting our inaugural sales and cost guidance and
introducing the inclusion of bullion amongst our treasury assets.
However, some of our proudest accomplishments extend beyond
financial success; through strategic partnerships and community
engagement, we've continued our commitment to ESG, guided by a
common sense approach that delivers value where it is needed most.
A big priority for us, the communities, and the government has been
addressing water scarcity and the related infrastructure in
Sonora. In 2023 we continued to
advance our five-year Water Stewardship Plan which is focused
on providing more reliable, year-round access to water in
communities heavily reliant on agriculture for their livelihoods.
We are proud to help communities in fostering agricultural
resilience and in 2023 our efforts were recognized through
distinctions awarded by CEMEFI and CONCAMIN. As we look ahead, we
are excited to leverage renewable energy solutions and advance the
process towards using solar power at our Las Chispas
Operation."
2023 marked SilverCrest's first full year of production,
allowing for the establishment of more representative environmental
baselines. This milestone has enabled the company to provide a more
comprehensive and detailed disclosure compared to the 2022 ESG
Report, reflecting SilverCrest's ongoing commitment to transparency
and accountability.
Throughout 2023, SilverCrest continued to actively engage with
local community stakeholders and government agencies to identify
and address areas where contribution and Company initiatives could
make the most meaningful impact. In a continued commitment to the
5-year Water Stewardship Plan commenced in 2022, SilverCrest
invested an additional $280,000 in
2023 to enhance water infrastructure within the region. This
investment has significantly advanced projects and resulted in
year-round water access for 231 hectares of land, benefiting 57
local landowners. Some farmers have already used this to establish
a second planting season, boosting income potential. Work was also
completed with state level agencies to recapture some of
SilverCrest's monthly labour taxes to be redirected towards drip
irrigation projects for local agriculture. According to a report
released by Scotiabank in June 2022
titled, "ESG Meets Reality - Water Scarcity Across Mining
Operations in the Americas", drip irrigation technology has been
proven to reduce water consumption by 60% and increase yields by up
to 90%.
SilverCrest is committed to continuing to advance our
sustainability efforts at our operations and in the communities in
which we operate.
To access the full 2023 ESG Report and learn more about
SilverCrest's commitment to sustainability, please visit
www.silvercrestmetals.com.
ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals producer headquartered
in Vancouver, BC, with an ongoing
initiative to increase its asset base by expanding current
resources and reserves, acquiring, discovering, and developing high
value precious metals projects and ultimately operating multiple
silver-gold mines in the Americas. The Company's principal focus is
its Las Chispas Operation in Sonora,
Mexico. The Company is led by a proven management team in
all aspects of the precious metal mining sector, including taking
projects through discovery, finance, on time and on budget
construction, and production.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and
"forward-looking information" (collectively "forward-looking
statements") within the meaning of applicable Canadian and
United States securities
legislation. These include, without limitation, statements with
respect to the timing, costs and completion of the Company's 5-year
Water Stewardship Plan. Such forward-looking statements or
information are based on a number of assumptions, which may prove
to be incorrect. Assumptions have been made regarding, among other
things: the conditions in general economic and financial markets;
availability of skilled labour; timing and amount of expenditures
related to the ESG programs; and effects of regulation by
governmental agencies. The actual results could differ materially
from those anticipated in these forward-looking statements as a
result of risk factors including: uncertainty as to the impact and
the timing and content of work programs; environmental and other
regulatory risks; project cost overruns or unanticipated costs and
expenses; and general market and industry conditions.
Forward-looking statements are based on the expectations and
opinions of the Company's management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date the statements were made. The Company
undertakes no obligation to update or revise any forward-looking
statements included in this news release if these beliefs,
estimates and opinions or other circumstances should change, except
as otherwise required by applicable law.
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SOURCE SilverCrest Metals Inc.
