Discovery Silver Corp. Releases 2023 ESG Report
Key Highlights:
Earned Quality Environmental Certification from the Mexican Government
Recognized as a Socially Responsible Enterprise by the Mexican Center for Philanthropy
Achieved Great Place to Work Certification
Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) is excited to announce the publication of its 2023 Environmental, Social and Governance (ESG) Report, which highlights the Company's dedication to sustainability and responsible mining practices.
CEO Tony Makuch expressed his enthusiasm for the report's release, emphasizing the hard work of the Company's team in Mexico and Canada to maintain high standards in responsible mining. Discovery is committed to balancing environmental, social, and economic factors, ensuring that communities benefit in the long term while reducing ecological impact and enhancing value for stakeholders.
Last year, Discovery received notable recognition for its sustainability efforts. It was the only mining company in Mexico to be awarded the Quality Environmental Certification by the Mexican Government’s Federal Attorney’s Office for Environmental Protection (PROFEPA), acknowledging its full compliance with environmental regulations. Additionally, for the second year in a row, Discovery was honored as a Socially Responsible Enterprise by the Mexican Center for Philanthropy, a title given for excellence in business ethics, community involvement, environmental stewardship, employee welfare, and corporate social responsibility. The Company also earned the Great Place to Work Certification for the second time, reflecting its commitment to providing an exceptional employee experience.
These accolades are vital as they stem from the Company’s steadfast dedication to leading in environmental and social responsibility. As the Cordero silver project advances, Discovery will continue to focus on delivering on its sustainability commitments. The Company is focused on positioning Cordero as a benchmark for how large-scale, open-pit mining can be both profitable and environmentally responsible, contributing positively to the sustainable development goals that are increasingly sought after worldwide.
2023 Sustainability Highlights (all amounts in Canadian dollars):
$19.2 million spent on goods and services from local Mexican businesses;
$5.0 million allocated for salaries and benefits for local employees;
A total workforce of 85, including 69 employees and 16 contractors, with 85% of employees being local;
$193,000 invested in community initiatives;
An average of 26 hours of health, safety, and emergency response training per employee;
No reportable environmental incidents;
21.09 GJ of renewable energy generated from solar panels.
About Discovery Silver Corp.
Discovery is a prominent precious metals company focused on acquiring, developing, and operating high-quality mining assets. The flagship Cordero project is recognized as one of the largest undeveloped silver deposits globally, located in a strong mining region. The recently completed Feasibility Study indicates that Cordero has the potential to become a large-scale, long-life project that offers significant economic returns while providing substantial socio-economic benefits to local communities. In developing the Project, Discovery emphasizes the use of green energy solutions, including electric vehicles and solar power, aiming to establish 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 showcases Discovery's commitment to sustainability and highlights its achievements in responsible mining, along with various accolades received by the company.
What awards did Discovery receive in 2023?
In 2023, Discovery was awarded the Quality Environmental Certification from the Mexican Government, recognized as a Socially Responsible Enterprise, and received the Great Place to Work Certification.
What are the key sustainability highlights presented in the report?
The report outlines significant investments in local businesses, employee benefits, community contributions, and a strong commitment to renewable energy, all while maintaining zero environmental incidents.
What is the Cordero project?
The Cordero project is Discovery's flagship asset, known as one of the largest undeveloped silver deposits in the world, with the goal of becoming a profitable and sustainable mining operation.
How does Discovery plan to achieve its sustainability objectives?
Discovery intends to implement green energy solutions, such as electric vehicles and solar power, while prioritizing community engagement and adherence to environmental standards.
