NYSE American:SVM $7.17 -0.05 TSX:SVM $9.63 +0.01

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Sustainability

Silvercorp recognizes that our continued success is dependent on our ongoing commitment to sustainable development, as well as ensuring safe workplaces for all our employees and contractors. 

We are dedicated to fulfilling the Company’s environmental goals and responsibilities and complying with applicable industry standards, legislation and regulations.

As such, the Company has implemented numerous initiatives to protect the environment and the health and safety of its workers, and to support local communities.

Silvercorp has begun the collection and reporting of sustainability data relating to its operations, covering a number of the topics as laid out in more detail below.


Environmental Responsibility

Silvercorp is committed to building green mines and strictly adheres to its “Resource Development and Utilization Plan” and its “Mine Environment Protection and Restoration Plan”, by employing the latest design, construction and management practices to ensure our mining environment undergoes timely rehabilitation.

The Company has been recognized for its ecological efforts and achievements by national and provincial environmental agencies and communities in China. In 2015, Silvercorp’s SGX mine was recognized as “The National Green Mine”, one of the first mines in China to achieve such recognition.

As part of our objective to minimize the impact our operations have on the environment, Silvercorp strives to reduce its energy and water consumption, which also has an impact on emissions and effluents released from our sites.

Click here to view data regarding the energy and water use at our sites for the 12 months ended March 2020. 

Click here to view data regarding emissions at our sites for the 12 months ended March 2020. 

Click here to view data regarding effluent and waste generated at our sites for the 12 months ended March 2020. 

Since 2017, Silvercorp has invested millions of dollars towards programs to protect the surrounding environment, including land reclamation, environmental restoration and treatment projects, and the reforestation of more than 200,000 square metres. 

Click here to view data regarding land we have rehabilitated at our sites. 


Tailings Management

Silvercorp adheres to the regulatory requirements regarding tailings management to protect the environment and our people. Extensive planning and ongoing investments are made at our Ying and GC mine sites to ensure this is achieved throughout the mines’ lifecycles, and these facilities are operating within their permitted design criteria.

Tailings management facilities are subject to regular inspection by the Company and regulators, with whom our management has regular, constructive dialogue to stay abreast of potential new developments and determine how best to address any changes.  Recently our GC Mine, which currently utilizes a dry-stack tailings facility, proceeded with the construction of a paste backfill plant which will redirect a significant portion of the mill tailings back underground to be used as fill for mined out areas. 

Silvercorp has prepared the disclosure included in the link below regarding our existing tailings dam management practices at each of our sites in response to a request from the Church of England. We attest that the information contained therein is true to the best of our management’s knowledge, based on our governance, technical and review systems.

Click here to view the disclosure noted above.


Employee Health and Safety

Silvercorp is dedicated to minimizing the potential health and safety risks faced by employees and contractors.  The Company has an excellent safety record and is viewed as a “model mining company” by the local government.

Click here to view accident data compiled from our sites for the 12 months ended March 2020. 

Each facility has a safety superintendent supported by a team which provides safety education and monitoring for our workforce.

Training for new workers and ongoing training programs are a priority and Silvercorp continuously reviews and refines all standard procedures at our mines and milling facilities to identify any potential risks associated with each step of the operation.

Click here to view data regarding employee training sessions at our sites for the 12 months ended March 2020. 

Click here to view additional data regarding employee demographics and turnover for the 12 months ended March 2020.


Social Responsibility

Silvercorp is committed to creating sustainable value in the communities where our people work and live. Guided by research conducted by our local offices, the Company participates in, and contributes to, numerous community programs that typically centre on education and health, nutrition, environmental awareness, local infrastructure and fostering additional economic activity.

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