Discovery Silver Releases Inaugural ESG Report GlobeNewswireDiscovery Silver Releases Inaugural ESG Report GlobeNewswire
Impact Investing Forum 2023
London. May 04-05, 2023.
TORONTO, November 02, 2021 (GLOBE NEWSWIRE), Discovery Silver Corp. (TSXV: DSV, OTCQX : DSVSF), (“Discovery” or “the Company”) is pleased to announce the production of its first Environmental, Social, and Governance (“ESG”) Report, which outlines the Company’s current practices and future priorities.
Taj Singh, President and CEO states that “we are excited to share the first ESG report as part Discovery’s evolution. ESG management is an important component of delivering long-term business value and resiliency. As we grow, ESG management is a key component of delivering long-term value and business resilience. This means that we empower our people to constantly evolve and innovate, keep our health and safety culture accountable and transparent, and create shared and mutually benefiting relationships with our local communities to minimize our environmental impact. We believe that ethical, transparent governance and social and environmental stewardship are key to maximizing performance. “Silver plays an important role in the world’s clean-energy future. Because of its crucial role in many green energy technologies, this precious metal is becoming more popular as a “green” metal. Given the Cordero Project’s status as one of the largest global silver deposits in development, I am excited about the chance we have at Cordero for this vital resource to support a more sustainable world. The full ESG Report is available for download at: www.discoverysilver.com/sustainability Highlights of the Report (all $ amounts in Canadian dollars)*: Over $1.7 million in goods and services purchased from local Mexican businesses;Over $1.3 million in salaries and benefits paid to local employees;Total workforce of 124 includes 58 employees and 66 contractors; Employees: 89% Mexican nationals, 11% CanadianContractors: 98% Mexican nationals, 2% CanadianTotal GHG emissions of 167 tonnes of CO2 equivalent;Total water withdrawal of 36,017 m3 and total water discharged of 36,007 m3; andZero fatalities and only 5 first-aid incidents*Data based on 2020 calendar year About Discovery
Discovery’s flagship project, Cordero, is its 100%-owned Cordero Project. It is one of the largest silver deposits in the world and one of very few that can offer the combination of size, margin, and scaleability. Cordero is close to infrastructure in Chihuahua State in Mexico. It is supported by a balance sheet that is a benchmark in the industry with more than C$70 million. This balance allows for aggressive exploration, resource expansion, and future development. Discovery was awarded the 2020 TSX Venture 50 Award and the 2021 OTCQX Top 50 award. The Board of Directors.
Taj Singh, M.Eng., P.Eng., CPA
President, Chief Executive Officer, and Director
VP Corporate Development & Investor Relations
Website: www.discoverysilver.com FORWARD-LOOKING STATEMENTS:
Neither TSX Venture Exchange, nor its Regulation Services Provider (as this term is defined by policies of the TSX Venture Exchange), accepts responsibility for the accuracy or inadequacy of this release. This news release is not intended for distribution to United States newswires or dissemination in the United States. This news release is not intended to be a solicitation of an offer or offer to sell securities. It also does not contain any offer to purchase securities in any jurisdiction where such solicitation, offer or sale would be illegal, including the United States of America. The securities have not been or will not be registered under any state securities laws or the United States Securities Act of 1933 as amended (the “1933 Act”) and they cannot be offered or sold in the United States, or to, or for the benefit of, the U.S. Persons as defined in Regulation S of the 1933 Act are not permitted to sell or offer securities within the United States unless they are registered under the applicable state securities laws and the 1933 Act. Cautionary Note Concerning Forward-Looking statements This news release could contain forward-looking statements which are subject to inherent risks. All statements in this news release, except statements of historical fact are forward-looking statements. Forward-looking information, including statements regarding Discovery’s future plans, objectives, health, safety and community development, the Cordero, Puerto Rico, Minerva, Monclova projects, as well as the prospect of further discoveries therein, involve many risks and uncertainties. While Discovery believes that forward-looking statements are based upon reasonable assumptions, actual results and developments could differ materially from those in forward-looking statements. There are many factors that could cause actual results not to be as expected, including fluctuations in metal prices and continued availability of capital financing. These statements cannot be guaranteed to be accurate, so readers should rely on their own assessment of these uncertainties. Discovery is not obligated to update forward-looking statements, except as required by applicable laws.