NYSE American:SVM $2.74 -0.04 TSX:SVM $3.50 -0.05

Sustainability

Overview

Introduction

Our core objectives are to be safe, efficient, and sustainable, and operate responsibly with the environment and cooperatively with our local communities. Our long-term strategy is focused on expanding our mineral reserves, streamlining our mine production management, achieving sustainable development, and seeking mutually beneficial opportunities globally. We strive to build a strong corporate culture centered around our key values of respect, equality, and responsibility, and aim to deliver social benefits while creating sustainable value.

Our Approach to Environmental, Social, Governance ("ESG")

As a responsible miner, we are committed to integrating environmental, social, and governance factors into our business strategy and generating impactful change in the communities in which we work and live. Through the integration of ESG factors into our strategic planning, operations, and management, we are able to bring about sustainable economic, social, and environmental value to all stakeholders. A significant portion of our ESG strategy is routed the identification of innovative ways to integrate technology into our systems and management to optimize our performance/operations; through the optimization and enhancement of our systems we are able to make more impactful and lasting change in our communities and environment.

We recognize that our business and operations have significant impacts on the local communities and environments and that it is our duty as a responsible mining company to drive progress and growth in both of these areas. As a result, over the fiscal 2021 year, we proceeded to align our sustainability strategy with the United Nation’s SDGs. The 17 SDGs serve as a blueprint for achieving a more sustainable future by addressing global challenges such as poverty and climate change, in accordance with the 2030 Agenda for Sustainable Development. We have organized them under our 5 pillars: Transparency and Compliance, Health and Safety, Talent Retention and Development, Sustainability and Environment, and Our Community.

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

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