VANCOUVER, BC, Sept. 8,
2022 /PRNewswire/ - Silvercorp Metals Inc.
("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is
pleased to announce the publishing of its annual Sustainability
Report for Fiscal 2022, detailing the Company's commitment and
contributions to environmental, social, and governance ("ESG")
factors, practices, and management, while delivering long-term
value to shareholders.
"At Silvercorp, we believe that sustainability is one of our
fundamental responsibilities," said Dr. Rui
Feng, Chairman and CEO of Silvercorp. "Silvercorp's core
objectives are to operate safely, sustainably, and responsibly with
the environment and collaboratively with local communities. While
our approach to sustainability will continue to evolve over time,
our commitment to integrating ESG factors in our strategic
planning, operations, and management remains the same."
Highlights of Silvercorp's 2022 Sustainability Report:
- ESG Management: Awarded ISO certifications in
environmental management, occupational health and safety
management, energy management, and quality management systems (the
"ISO Certifications")
- Health and Safety: Achieved zero work-related
fatalities; reduced LTIR for the third year in a row through
continuous improvement of our internal safety management
mechanisms
- Community Investment: Continued to give back to local
communities by making significant donations to public welfare
projects and helping to promote development in education, tourism,
and public infrastructure
- Sustainability Commitment: Invested $2.1 million in environmental protection and
carried out 1,118 hours of environmental protection training
- Our People: Progressed career development of our
employees; invested $1.1 million to
upgrade accommodation facilities, and strengthened protection of
human rights
The ISO Certifications validate Silvercorp's operations and
management achieving the requirements of the ISO series of
international standards. They reflect Silvercorp's vision,
mission and values: being a technologically-advanced and
well-managed mining company, operating sustainably by prioritizing
safety, the environment and the communities where it operates.
The Company's report has been prepared in accordance with the
Core Accordance option of the GRI Standards of the Global
Sustainability Standard Board (GSSB), the China Corporate Social
Responsibility Reporting Guidelines 4.0 by the Chinese Academy of
Social Sciences (CASS-CSR4.0), the SDG Compass by the United
Nations Global Compact (UNGC), the Global Industry Standard on
Tailings Management by the International Council on Mining and
Metals (ICMM), and the Sustainability Accounting Standards Board
(SASB) standard on Metals and Mining.
The full 2022 Sustainability Report is available for download at
www.silvercorpmetals.com , along with the applicable ESG data
tables and GRI indices at
www.silvercorpmetals.com/sustainability/.
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold,
lead, and zinc with a long history of profitability and growth
potential. The Company's strategy is to create shareholder value by
1) focusing on generating free cashflow from long life mines; 2)
organic growth through extensive drilling for discovery; 3) ongoing
merger and acquisition efforts to unlock value; and 4) long term
commitment to responsible mining and ESG. For more information,
please visit our website at www.silvercorp.ca.
For further information
Silvercorp Metals
Inc.
Lon
Shaver
Vice President
Phone:
(604) 669-9397
Toll Free 1(888)
224-1881
Email:
investor@silvercorp.ca
Website:
www.silvercorp.ca
CAUTIONARY DISCLAIMER -
FORWARD-LOOKING STATEMENTS
Certain of the statements and information in this news release
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian provincial securities laws (collectively, "forward-looking
statements"). Any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects", "is expected", "anticipates", "believes", "plans",
"projects", "estimates", "assumes", "intends", "strategies",
"targets", "goals", "forecasts", "objectives", "budgets",
"schedules", "potential" or variations thereof or stating that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions) are not statements of
historical fact and may be forward-looking statements.
Forward-looking statements relate to, among other things: the price
of silver and other metals; the accuracy of mineral resource and
mineral reserve estimates at the Company's material properties; the
sufficiency of the Company's capital to finance the Company's
operations; estimates of the Company's revenues and capital
expenditures; estimated production from the Company's mines in the
Ying Mining District and the GC Mine; timing of receipt of permits
and regulatory approvals; availability of funds from production to
finance the Company's operations; and access to and availability of
funding for future construction, use of proceeds from any financing
and development of the Company's properties.
Forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation, risks
relating to: global economic and social impact of COVID-19;
fluctuating commodity prices; calculation of resources, reserves
and mineralization and precious and base metal recovery;
interpretations and assumptions of mineral resource and mineral
reserve estimates; exploration and development programs;
feasibility and engineering reports; permits and licenses; title to
properties; property interests; joint venture partners; acquisition
of commercially mineable mineral rights; financing; recent market
events and conditions; economic factors affecting the Company;
timing, estimated amount, capital and operating expenditures and
economic returns of future production; integration of future
acquisitions into the Company's existing operations; competition;
operations and political conditions; regulatory environment in
China and Canada; environmental risks; foreign exchange
rate fluctuations; insurance; risks and hazards of mining
operations; key personnel; conflicts of interest; dependence on
management; internal control over financial reporting; and bringing
actions and enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect any
of the Company's forward-looking statements. Forward-looking
statements are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future
events or conditions may differ materially from those reflected in
the forward-looking statements due to a variety of risks,
uncertainties and other factors, including, without limitation,
those referred to in the Company's Annual Information Form under
the heading "Risk Factors". Although the Company has attempted to
identify important factors that could cause actual results to
differ materially, there may be other factors that cause results
not to be as anticipated, estimated, described or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements.
The Company's forward-looking statements are based on the
assumptions, beliefs, expectations and opinions of management as of
the date of this news release, and other than as required by
applicable securities laws, the Company does not assume any
obligation to update forward-looking statements if circumstances or
management's assumptions, beliefs, expectations or opinions should
change, or changes in any other events affecting such statements.
For the reasons set forth above, investors should not place undue
reliance on forward-looking statements.
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SOURCE Silvercorp Metals Inc