View the 2022 Sustainability Report
Silver X believes in sustainable development by encouraging and leading economic mining activities. We aim to achieve this in two ways; by promoting working relationships with local suppliers and businesses, and by assisting external organizations in bringing business to our mining district to enable autonomous growth in other economic areas.
At Silver X we are committed to responsibly extracting resources and sustainability is an intrinsic part of everything we do. Our role as a sustainable mining company is not only to create value for our stakeholders today, but also to ensure a positive legacy for the future after the mining cycle has ended.
We have an ongoing commitment to:
Sustainability is at the root of our culture
Silver X recognizes the importance of implementing good corporate governance. Within this framework, since 2020 we have implemented the following practices:
At Silver X, safety is an inherent part of all our activities and processes, so its management is the responsibility of everyone and not just of one particular area. From the Board of Directors to the various operational areas, we are committed to promoting a safety culture that allows us to do things well and guarantee that our collaborators return home safely.
In 2022, we conducted 146 training sessions on a wide range of topics from the proper use of personal protective equipment to accident prevention to security. We also established an Occupational Health & Safety Program based on ISO 45 001: 2018.
During 2022, Silver X, as a preventative measure, has kept in place its guidelines for the prevention and control of COVID-19, which has allowed us to minimize and control the spread of cases within our operations. In addition, our emergency care has been strengthened in the Tangana mining unit, where there is now health personnel available at all times.
As part of the Silver X culture, we seek to grow by integrating employees from the areas where we operate. During 2022, we are proud to report that 55% of our non-professional workers were from the Huachocolpa Community. The highest percentage registered (85%) is in the Nueva Recuperada zone (Processing Plant).
We are also proud that more skilled labor positions are being filled by local personnel, which translates into greater professionalization for the community of Huachocolpa To date, 11% of our skilled labor is local, a figure that we are committed to increasing to 15% in 2023.
At Silver X, our commitment to the environment is expressed through the development of actions that minimize and mitigate the impact of our activities. This is why we have developed specific guidelines for the efficient use of natural resources - such as water - used in our operations, as well as the protection of biodiversity where we operate.
Our Environmental Management approach is focused on four pillars:
Our presence in Huachocolpa since 2018 has allowed an economic reactivation of the district, mainly through the hiring of local personnel and suppliers, which has motivated the return of many young people who had to migrate due to lack of employment opportunities.
Our social intervention is currently based on the following pillars:
At Silver X our goal is to be a tool for change that promotes development in the areas where we have our operations.