NYSE American: SVM $2.96 -0.06 TSX: SVM $3.98 -0.12 Silver: $24.07 +0.07 Gold: $1,824.50 +9.00

Sustainability

Environment

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Introduction

At Silvercorp, we understand that our operations have an impact on the environment and that it is our duty to mitigate, minimize, and prevent the risks and impacts associated with our operations, and invest in sustainable development initiatives that will last beyond the life of our mine. Our approach to our environmental goals is rooted in strong management and standards that guide our efforts at all levels of our company. At Silvercorp, we not only build “Green Mines,” but build lasting systems that maximize the efficiency of our operations. We are committed to limiting our energy consumption and emissions, water use, waste, and tailings, and instating strong biodiversity protection and land reclamation initiatives.

 

We believe that strong management is the key to lasting success. This past year, in an effort to further illustrate our commitment to strengthening our management team and improving upon our disclosure, both our Ying Mining District and GC Mine submitted applications for the environmental management system ISO 14001 certification and were approved in August and September 2021 respectively.

 

Additionally, we also established the ESG Management Center and issued the Silvercorp ESG Work Management Measures in Fiscal 2021, putting senior management directly in charge of decision-making. The ESG Management Center supervises, identifies, and mitigates the environmental risks of our mining districts and works with our subsidiaries to implement environmental management systems across the organization.

 

For more information on our environmental management, click here.

Click here for the 2022 Performance Data tables.

P10 河南公司风景照

Tailings

The responsible management of mineral and non-mineral waste is essential in protecting our environment, communities, and people. We are committed to ensuring our waste management practices are inline with global and national tailings and safety standards.

 

Tailings are the non-economic ground rock generated during mineral processing. There are many ways to store tailings once they have been generated, but the most important element is that the tailings are stored correctly and safely. As of the end of Fiscal 2022, Silvercorp operated three TMFs; two wet TMFs located at the Ying Mining District in Henan Province and one dry stack TMF at the GC Mine in Guangdong Province. In Fiscal 2022, Silvercorp had zero safety accidents at its TMFs.

 

For more information on our approach to tailings management, click here.

Click here for the 2022 Performance Data tables.

Click here for the 2021 Performance Data tables.

Ying TMF Ariel View

Water

Water management is an important aspect of our overall environmental management, and we have created operation specific water management systems that outline specific processes that will aid in reducing our consumption of water, and in the recycling and repurposing of our treated wastewater. The company recycles and integrates treated water from its mines for use in its processing plants, dust suppression, landscaping, agriculture, and irrigation, to meet its goal of reducing freshwater consumption. We also implement innovative technology to improve efficiency and improve the monitoring of discharged pollutants.

 

For more information on our approach to water management, click here.

Click here for the 2022 Performance Data tables.

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Water management is an important aspect of our overall environmental management, and we have created operation specific water management systems that outline specific processes that will aid in reducing our consumption of water, and in the recycling and repurposing of our treated wastewater. The company recycles and integrates treated water from its mines for use in its processing plants, dust suppression, landscaping, agriculture, and irrigation, to meet its goal of reducing freshwater consumption. We also implement innovative technology to improve efficiency and improve the monitoring of discharged pollutants.

 

For more information on our approach to water management, click here.

Click here for the 2022 Performance Data tables.

Energy

Climate Change

TYPES DESCRIPTION
PHYSICAL RISK SHORT-TERM RISK

The increased frequency of extreme weather events, such as torrential rains, floods, and typhoons, can lead to the interruption of operations or even the closure of mines, the washing out of roads, and dam failures due to rising water levels in TMFs. It could cause the Company's production capacity to decline, cause injury to employees/contractors, or bring environmental problems.

LONG-TERM RISK

Changes in precipitation and extreme fluctuations in weather patterns can lead to higher infrastructure costs (e.g., extended construction periods, damage to equipment) and higher insurance costs for equipment and personnel.

TRANSITIONAL RISK POLICY AND LAW

China will introduce a quota system for carbon emissions, which could increase compliance costs if companies are included in the national carbon trading market as key emitters.

REPUTATION

Stakeholders are paying more attention to the Company's response to climate change, natural resource consumption, etc., and if the efforts do not meet expectations, it may have a negative impact on the Company's reputation.

MARKET

If downstream customers investigate the carbon emission intensity of unit products, it will increase the uncertainty of the Company's business sales and cause corresponding market risks.

Biodiversity

Waste

Aggregate plant

Land Reclamation

Sustainability

  • Overview

  • Governance

  • Environment

  • Social

  • Reporting

  • ESTMA

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