SilverCrest Releases 2023 ESG Report

Core Insights - SilverCrest Metals Inc. released its 2023 Environmental, Social, and Governance (ESG) Report, focusing on its Las Chispas Operation in Sonora, Mexico, and surrounding communities [1][2] - The 2023 report marks the first full year of production, allowing for more representative environmental baselines and enhanced transparency compared to the 2022 report [2] Financial Performance - In 2023, SilverCrest eliminated its debt within the first seven months of commercial production and met its inaugural sales and cost guidance [6] - The company introduced bullion as part of its treasury assets, indicating a strategic shift towards asset diversification [6] Community Engagement and Sustainability - SilverCrest is committed to sustainability efforts, particularly addressing water scarcity in Sonora through its five-year Water Stewardship Plan, which began in 2022 [6][3] - In 2023, the company invested an additional $280,000 to enhance water infrastructure, resulting in year-round water access for 231 hectares of land, benefiting 57 local landowners [6] - The implementation of drip irrigation technology, which reduces water consumption by 60% and increases yields by up to 90%, has been a focus of the company's initiatives [6] Future Initiatives - The company plans to leverage renewable energy solutions, including the potential use of solar power at the Las Chispas Operation [6] - SilverCrest continues to engage with local stakeholders and government agencies to maximize the impact of its contributions and initiatives [6]