Silvercorp Releases Fiscal 2022 Sustainbility Report
SILVERCORP RELEASES FISCAL 2022
SUSTAINBILITY REPORT
VANCOUVER, BC
,
Sept. 8, 2022
/CNW/ - 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:
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
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%SEDAR: 00006210E
CO: Silvercorp Metals Inc
CNW 07:55e 08-SEP-22