Discovery Silver Corp. Unveils 2023 ESG Report
Discovery Silver Corp. Unveils 2023 ESG Report
Highlights:
Received Mexican Government’s Quality Environmental Certification
Awarded Socially Responsible Enterprise Distinction by Mexican Center for Philanthropy
Received Great Place to Work Certification
Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) is pleased to announce the release of its 2023 Environmental, Social and Governance (ESG) Report, emphasizing the Company’s commitment to sustainability and responsible mining practices.
Tony Makuch, CEO, expressed satisfaction with the report's release, which underscores the diligent efforts of the Company's team across Mexico and Canada in upholding responsible mining standards. Discovery aims to balance environmental, social, and economic factors, facilitating long-lasting community benefits while minimizing ecological impact and adding value for stakeholders.
In the previous year, Discovery achieved significant recognition for its sustainability practices. The Company was honored to be the sole mining entity in Mexico awarded the Quality Environmental Certification by the Mexican Government’s Federal Attorney’s Office for Environmental Protection (PROFEPA) for full compliance with environmental regulations. Additionally, for the second consecutive year, Discovery was recognized as a Socially Responsible Enterprise by the Mexican Center for Philanthropy, a designation awarded for excellence in business ethics, community engagement, environmental protection, employee welfare, and corporate social responsibility. Moreover, the Company also secured the Great Place to Work Certification for the second time, an accolade reflecting its outstanding employee experience.
These acknowledgments are crucial as they stem from the Company’s unwavering commitment to leadership in environmental and social responsibility. As the Cordero silver project continues to progress, Discovery will remain focused on fulfilling its sustainability promise. The Company is dedicated to establishing Cordero as a model for how large-scale, open-pit mining can operate profitably while adhering to the highest environmental standards, contributing positively to the sustainable development goals that the world increasingly demands.
2023 Sustainability Highlights (all amounts in Canadian dollars):
$19.2 million in goods and services procured from local Mexican businesses;
$5.0 million in salaries and benefits allocated to local employees;
Total workforce of 85, comprising 69 employees and 16 contractors, with 85% of employees being local;
$193,000 in community investments;
26 hours of health, safety, and emergency response training on average per employee;
Zero reportable environmental incidents;
21.09 GJ of renewable energy produced from solar panels.
About Discovery Silver Corp.
Discovery is a leading precious metals company focused on the acquisition, development, and operation of high-quality mining assets. The flagship asset, the Cordero project, is recognized as one of the largest undeveloped silver deposits in the world and is situated within a robust mining region. The recently completed Feasibility Study indicates the potential for Cordero to evolve into a large-scale, long-life project offering impressive economic returns while providing substantial socio-economic benefits to local communities. Through the development of the Project, Discovery prioritizes the use of green energy solutions, including electric vehicles and solar power, with the objective of establishing Cordero as a leading low-carbon footprint open-pit mining operation.
On Behalf of the Board of Directors,
Tony Makuch, P.Eng
President, CEO & Director
For further information contact:
Mark Utting, CFA
VP Investor Relations
Phone: 416-806-6298
Email: mark.utting@discoverysilver.com
Website: www.discoverysilver.com
Frequently Asked Questions
What is the significance of Discovery's 2023 ESG Report?
The 2023 ESG Report highlights Discovery's commitment to sustainability, showcasing achievements in responsible mining and various recognitions received by the company.
What awards did Discovery receive in 2023?
In 2023, Discovery received the Quality Environmental Certification from the Mexican Government, the Socially Responsible Enterprise Distinction, and the Great Place to Work Certification.
What are the key sustainability highlights presented in the report?
The report details significant investments in local businesses, employee benefits, community investments, and demonstrated commitment to renewable energy with zero environmental incidents.
What is the Cordero project?
Cordero is Discovery's flagship asset, recognized as one of the largest undeveloped silver deposits globally, aimed at being a profitable and sustainable mining operation.
How does Discovery plan to achieve its sustainability objectives?
Discovery plans to utilize green energy solutions, including electric vehicles and solar power, while prioritizing community engagement and compliance with environmental standards.
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