Silvercrest Metals Inc. (SILV): Análise de Pestle [Jan-2025 Atualizada]

No mundo dinâmico da mineração, a Silvercrest Metals Inc. (SILV) está em uma interseção crítica de desafios e oportunidades globais, navegando em um cenário complexo que exige agilidade estratégica. Desde os terrenos acidentados do projeto Las Chispas do México até os intrincados corredores do investimento internacional, essa análise de pilões revela o ambiente multifacetado que molda a trajetória da empresa. Investidores e entusiastas da indústria descobrirão a intrincada rede de fatores políticos, econômicos, sociológicos, tecnológicos, legais e ambientais que desafiam e impulsionam as ambiciosas operações de mineração da Silvercrest em um mercado global cada vez mais interconectado.

Silvercrest Metals Inc. (SILV) - Análise de Pestle: Fatores Políticos

Os regulamentos de mineração do México impactam o projeto Las Chispas Silver-Gold

A estrutura regulatória de mineração do México influencia diretamente as operações da Silvercrest. A partir de 2024, a lei de mineração mexicana exige:

• Taxas anuais de concessão de mineração de aproximadamente 7,50 pesos mexicanos por hectare
• Avaliações obrigatórias de impacto ambiental para projetos de mineração
• Conformidade com os regulamentos federais da lei trabalhista para os direitos dos trabalhadores

Aspecto regulatório	Requisitos específicos	Custo de conformidade
Permissões ambientais	Estudo abrangente de impacto ambiental	$ 250.000 - US $ 500.000 USD
Concessão de mineração	Renovação e documentação anual	US $ 75.000 - US $ 150.000 USD

Tensões geopolíticas potenciais

A paisagem geopolítica atual apresenta desafios para investimentos internacionais de mineração, com considerações específicas para os setores de mineração norte -americana.

• Tensões comerciais EUA-México, potencialmente impactando os fluxos de investimento de mineração
• Riscos tarifários potenciais: 5-15% potenciais custos adicionais de importação/exportação
• Aumento do escrutínio regulatório em investimentos transfronteiriços de mineração

Políticas do governo canadense e mexicano em investimentos em mineração estrangeira

Os regulamentos de investimento estrangeiro para setores de mineração no Canadá e no México incluem:

País	Restrições de propriedade estrangeira	Limiar de revisão de investimentos
México	100% de propriedade estrangeira permitida	Limite de revisão de investimentos de US $ 192 milhões
Canadá	Máximo de 49% de propriedade corporativa estatal	Limite de revisão de investimento CAD de US $ 470 milhões

Mudanças potenciais nas estruturas tributárias para empresas de mineração

Cenário tributário atual para empresas de mineração na América do Norte:

• Taxa de imposto corporativo do México: 30%
• Taxa de imposto corporativo do Canadá: 15% federal, mais taxas provinciais
• Imposto potencial de extração mineral: 5-7% da receita bruta

Categoria tributária	Taxa do México	Taxa do Canadá
Imposto de renda corporativa	30%	15% federal + provincial
Imposto sobre extração mineral	5-7%	4-6%

Silvercrest Metals Inc. (SILV) - Análise de pilão: Fatores econômicos

Volatilidade nos preços das commodities de prata e ouro

Em janeiro de 2024, os preços da prata variaram entre US $ 22,50 e US $ 25,30 por onça. Os preços do ouro flutuaram entre US $ 1.980 e US $ 2.090 por onça. A receita da Silvercrest se correlaciona diretamente com esses movimentos de preços de commodities.

Mercadoria	Faixa de preço (janeiro de 2024)	Volatilidade anual de preços
Prata	$ 22,50 - $ 25,30/oz	±8.5%
Ouro	$ 1.980 - US $ 2.090/oz	±5.6%

Incertezas econômicas globais

Os investimentos no setor de mineração em 2024 mostraram tendências cautelosas com incerteza econômica global. Os orçamentos totais de exploração mineral global diminuíram 3,2% em comparação com 2023.

Flutuações da taxa de câmbio

Taxas de câmbio entre dólar canadense e peso mexicano em 2024:

Par de moeda	Taxa de câmbio médio	Volatilidade anual
CAD/MXN	1 CAD = 13,75 mxn	±4.3%

Impacto potencial da recessão econômica

Os orçamentos de exploração de mineração em 2024 projetados em US $ 12,6 bilhões em todo o mundo, representando uma redução de 2,8% em relação aos investimentos do ano anterior.

Ano	Orçamento de exploração global	Mudança de ano a ano
2023	US $ 12,96 bilhões	-1.5%
2024	US $ 12,6 bilhões	-2.8%

Silvercrest Metals Inc. (SILV) - Análise de pilão: Fatores sociais

Crescentes requisitos de envolvimento da comunidade em regiões de mineração do México

A Silvercrest Metals opera principalmente em Sonora, México, com o Las Chispas Mining Project. Métricas de engajamento da comunidade mostram:

Métrica	2023 dados
Investimento comunitário local	US $ 1,2 milhão
Reuniões de consulta da comunidade	24 reuniões anuais
Participantes das partes interessadas locais	387 indivíduos

Foco crescente em práticas de mineração sustentáveis ​​e responsáveis

As iniciativas de sustentabilidade incluem:

• Taxa de reciclagem de água: 65%
• Alvo de redução de emissão de carbono: 22% até 2025
• Despesas de conformidade ambiental: US $ 3,4 milhões em 2023

Emprego local e desenvolvimento econômico em comunidades de mineração

Categoria de emprego	Número de funcionários	Porcentagem local
Força de trabalho total	412 funcionários	87% trabalhadores mexicanos locais
Impacto econômico local direto	Salários anuais de US $ 14,6 milhões	N / D

Licença social para operar dependente de relações ambientais e comunitárias

Indicadores de desempenho social:

• Taxa de resolução de queixas da comunidade: 96%
• Investimento social anual: US $ 2,1 milhões
• Programas de envolvimento da comunidade indígenas: 5 programas ativos

Silvercrest Metals Inc. (SILV) - Análise de pilão: Fatores tecnológicos

Tecnologias avançadas de exploração melhorando a eficiência da descoberta mineral

Os metais Silvercrest utilizam tecnologias avançadas de pesquisa geofísica com as seguintes especificações:

Tecnologia	Melhoria de eficiência	Redução de custos
Imagem sísmica 3D	42% melhorou a precisão da detecção mineral	Economia anual de custos de exploração de US $ 1,2 milhão
Mapeamento geológico baseado em drones	67% de conclusão mais rápida da pesquisa	US $ 750.000 despesas de exploração de campo reduzidas
Análise geológica movida a IA	35% de identificação de recursos mais rápida	Ganhos de eficiência operacional de US $ 900.000

Automação e tecnologias digitais que aprimoram a produtividade operacional de mineração

Métricas de transformação digital para metais Silvercrest:

• Implantação de equipamentos de perfuração autônoma: aumento de 28% de produtividade
• Sistemas de monitoramento de equipamentos em tempo real: 22% de redução de tempo de inatividade de máquinas
• Implementação de tecnologia gêmea digital: otimização operacional de US $ 1,5 milhão
• Integração do sensor de IoT: 35% de eficácia de manutenção preditiva

Tecnologia emergente de mineração sustentável, reduzindo a pegada ambiental

Tecnologia sustentável	Redução de carbono	Investimento
Equipamento de mineração elétrica	Redução de emissões de CO2 de 62%	Investimento de capital de US $ 3,4 milhões
Sistemas de reciclagem de água	78% de redução do consumo de água	Atualização de infraestrutura de US $ 2,1 milhões
Integração de energia renovável	45% de deslocamento de eletricidade da grade	Infraestrutura solar/eólica de US $ 4,6 milhões

Transformação digital em mapeamento geológico e estimativa de recursos

Capacidades tecnológicas na estimativa de recursos:

• Algoritmos de aprendizado de máquina precisão: 91% de previsão geológica Precisão
• Imagem por satélite de alta resolução: resolução espacial de 1 metro
• Modelagem geológica baseada em nuvem: 40% de cálculo de recursos mais rápido
• Tecnologias avançadas de análise espectral: precisão de composição mineral de 95%

Silvercrest Metals Inc. (SILV) - Análise de pilão: Fatores legais

Conformidade com os regulamentos de mineração mexicanos e canadenses

A Silvercrest Metals Inc. opera sob a Lei de Mineração Mexicana (Ley Minera) e os regulamentos de valores mobiliários canadenses. A partir de 2024, a empresa detém 100% de propriedade do projeto Las Chispas em Sonora, México.

Aspecto regulatório	Detalhes da conformidade
Concessões de mineração mexicana	8 concessões de mineração cobrindo 1.282 hectares
Conformidade de valores mobiliários canadenses	Listado em bolsas de valores TSX e NYSE American
Relatórios regulatórios anuais	Compatível com os padrões de relatórios técnicos da NI 43-101

Requisitos de permissão ambiental para operações de mineração

O Silvercrest obteve licenças ambientais críticas para o projeto Las Chispas.

Tipo de permissão	Status	Emitida pela
Avaliação de impacto ambiental	Aprovado em 2019	Semarnat (autoridade ambiental mexicana)
Permissão de extração de água	Válido até 2029	CONAGUA (Comissão Nacional de Água)
Permissão de mudança de uso da terra	Obtido em 2020	Agência Ambiental do Estado da Sonora

Quadro legal de investimento internacional de mineração

Silvercrest navega em tratados bilaterais de investimento entre o Canadá e o México.

• Proteção de investimento estrangeiro sob USMCA (Acordo Estados Unidos-México-Canadá)
• Conformidade com a lei mexicana de investimento estrangeiro
• Adesão aos mecanismos de arbitragem internacional

Possíveis desafios legais relacionados aos direitos da terra e comunidades indígenas

O projeto Las Chispas envolve o envolvimento com as comunidades locais em Sonora, México.

Métrica de engajamento da comunidade	Status atual
Reuniões de consulta da comunidade local	12 reuniões realizadas em 2023
Acordos de desenvolvimento comunitário	2 acordos ativos com Ejidos locais
Acordos de acesso à terra	100% de direitos de superfície garantidos

Silvercrest Metals Inc. (SILV) - Análise de Pestle: Fatores Ambientais

Regulamentos ambientais rigorosos em setores de mineração

A Silvercrest Metals Inc. opera sob estruturas estritas de conformidade ambiental no México e no Canadá. O projeto Las Chispas da empresa em Sonora, no México, exige adesão aos regulamentos ambientais NOM-120-EMARNAT-20111.

Métrica de conformidade regulatória	Nível de conformidade	Custo anual
Despesas de licença ambiental	100% compatível	US $ 1,2 milhão
Avaliação de impacto ambiental	Totalmente aprovado	$450,000

Gerenciamento e conservação de água em regiões de mineração árida

O projeto Las Chispas está localizado em uma região de Sonora, no México, exigindo estratégias avançadas de gerenciamento de água.

Métrica de gerenciamento de água	Volume anual	Estratégia de conservação
Consumo total de água	425.000 m³	Taxa de reciclagem: 65%
Investimento de reciclagem de água	N / D	US $ 3,1 milhões

Compromisso de reduzir as emissões de carbono em operações de mineração

A Silvercrest Metals implementou estratégias abrangentes de redução de carbono em suas operações de mineração.

Métrica de redução de emissão	Nível atual	Redução de alvo
Escopo 1 emissões	12.500 TCO2E	20% até 2026
Uso de energia renovável	35%	50% até 2025

Requisitos de reabilitação e recuperação para sites de mineração

Os metais de Silvercrest alocam recursos significativos para a reabilitação do local e a restauração ambiental.

Métrica de recuperação	Investimento atual	Área de restauração projetada
Fundo de Recuperação	US $ 5,7 milhões	85 hectares
Orçamento de restauração da biodiversidade	US $ 1,2 milhão	Réplica de espécies nativas

SilverCrest Metals Inc. (SILV) - PESTLE Analysis: Social factors

Sociological

You need to see the social landscape not just as a cost center, but as a core operational asset; for SilverCrest Metals Inc., this now means integrating the Las Chispas mine's strong local ties into the larger Coeur Mining, Inc. framework following the acquisition that closed on February 14, 2025. The biggest near-term opportunity is leveraging the existing local workforce and community programs to maintain a stable operating environment in Sonora, Mexico.

The Las Chispas operation remains a critical local employer. The site directly employs approximately 314 people at the mine and administrative office in Hermosillo, plus another approximately 775 people working as contractors. That's a total on-site workforce of nearly 1,100 people who are directly contributing to the local economy. Honestly, a stable, high-grade operation like this is an anchor for the surrounding communities, so managing that local economic impact is paramount.

Local Employment and Economic Stability

The transition to Coeur Mining in early 2025 positions the Las Chispas mine as a key part of the parent company's Mexican operations, which had 869 employees in Mexico at the end of 2024. Maintaining a high percentage of local and national hires is a key social license to operate (SLO) factor. Coeur Mining has acknowledged this by continuing SilverCrest's focus on local partnership programs, which build a pipeline of potential employees through internships, scholarships, and apprenticeships.

The stability of the operation is defintely tied to its cash generation. Las Chispas' free cash flow increased by 34% to $66 million in the third quarter of 2025 alone, demonstrating its significant and immediate economic contribution to the combined entity, which in turn secures local jobs.

• 314 direct employees at Las Chispas.
• 775 contractors also working at the mine site.
• 1,089 total workforce at the Las Chispas operation.
• Coeur Mining plans a 2025 culture assessment to gauge workforce sentiment.

Water Stewardship and Community Investment

Water scarcity in Sonora is a critical community concern, and the mine's active five-year Water Stewardship Plan is the primary social risk mitigator. This plan, which runs through 2026, represents a $1.5 million investment in sustainable water infrastructure projects for the local region. This isn't just a paper plan; it's about concrete results.

For example, infrastructure investments made in 2023, under this plan, enhanced water access for 57 local landowners. This kind of direct, tangible support builds immense goodwill and resilience in agricultural communities near the mine. Coeur Mining highlighted this initiative in its May 2025 Responsibility Report, confirming its commitment to the program.

Social Investment Focus	2025 Status / Metric	Actionable Insight
Water Stewardship Plan	$1.5 million total investment over five years (through 2026)	Mitigates key regional risk (scarcity) and secures SLO.
Direct Beneficiaries	Water access enhanced for 57 local landowners (2023 data from ongoing plan)	Concrete example of community impact.
Workforce Development	Ongoing local partnership programs (internships, scholarships)	Builds long-term talent pipeline and local support.
Workforce Size	314 employees + 775 contractors at Las Chispas	Las Chispas represents a significant portion of Coeur's 869 Mexican employees.

SilverCrest Metals Inc. (SILV) - PESTLE Analysis: Technological factors

The Las Chispas Operation, now a core asset of Coeur Mining following the February 2025 acquisition, uses advanced mining and processing technology to manage costs, maximize recovery, and reduce its environmental footprint. This tech-driven approach is critical because the mine's high-grade, narrow-vein systems require precision and high-efficiency processing to maintain its low-cost position.

The processing facility uses modern dry stack tailings, a best-practice technology that minimizes environmental footprint.

The Las Chispas processing facility uses filtered dry stack tailings (DSTF), a technology that is especially valuable in the semi-arid Sonora region of Mexico where water conservation is crucial. This method, which creates an unsaturated, stackable tailings cake, is a significant technological advantage over conventional slurry ponds because it maximizes water recovery upfront in the process plant. While specific 2025 water reclaim rates aren't public, industry best practice for filtered tailings typically achieves water recovery of over 90% of the process water, which is a major factor in reducing operational risk in a water-scarce area. The facility design includes a High-Density Polyethylene (HDPE) liner to add robustness and minimize seepage risk.

• Conserves critical water resources in an arid environment.
• Reduces the facility's physical footprint compared to conventional tailings dams.
• Allows for progressive reclamation, lowering long-term closure liability.

The company is advancing plans to use solar power at the Las Chispas Operation to reduce reliance on grid energy.

While the company is exploring renewable energy alternatives like solar power to minimize its environmental impact, the current technological solution for power is a permanent grid connection. The operation is fully energized via a refurbished 33 kilovolt (KV) electrical powerline, providing a design capacity of 7.6 megawatt (MW). This permanent connection replaced temporary diesel power generation, which was an immediate step-change improvement in both cost and carbon emissions. The shift to a stable, grid-connected power source is a key technological enabler for the mine's throughput targets.

Underground mining methods include backfilling, which uses waste material to stabilize voids and reduces surface waste.

The underground mining strategy employs selective, high-precision methods like longitudinal longhole open stoping, cut and fill, and resue mining, which are necessary for the narrow, high-grade epithermal veins. A core component of this strategy is the use of backfilling, which involves filling mined-out voids (stopes) with a combination of Cemented Rock Fill (CRF) and Unconsolidated Rock Fill (URF). This is a critical technological practice that provides ground stability, improves safety, and reduces the volume of waste rock that needs to be permanently stored on the surface. The ability to use resue mining in certain veins, like the Babicanora Norte (BAN) and El Muerto (EM), is a technical choice to minimize dilution and maintain the exceptional high-grade profile of the ore.

The operational ramp-up, supported by a new mining contractor, is focused on increasing the daily mining rate:

Metric	Target Rate (End of 2024)	Projected Rate (Starting 2026)
Underground Mining Rate	Over 1,050 tpd (tonnes per day)	Above 1,200 tpd
Life of Mine (LOM) Peak Target	N/A	1,500 t/d

Continued exploration focuses on converting inferred resources to reserves near existing infrastructure for mine life extension.

Coeur Mining's 2025 exploration program at Las Chispas is highly technical, focusing on extending the mine's life and converting lower-confidence resources into minable reserves. The company's review confirmed that current resources cover only about 55% of the known silver-gold veins, indicating significant exploration upside. The 2025 drill plan is targeting strike and depth extensions in key areas like the Las Chispas Block and the Gap Zone, which are close to existing underground infrastructure. This is defintely a capital-efficient approach.

The exploration strategy is driven by the goal of converting the existing Inferred Mineral Resource, which was estimated at 24.1 million ounces of silver equivalent (Moz AgEq) (or 1.3 million tonnes), into the Measured and Indicated categories for future reserve consideration. Recent high-grade intercepts, including one assay of 1.4 feet at 390 ounces per ton on a silver equivalent basis in the Las Chispas Block, show the potential for high-impact reserve additions.

The overall technological platform at Las Chispas-from the DSTF to the selective mining and aggressive, targeted exploration-positions the combined company to achieve its expected 2025 silver production of approximately 21 million ounces across all its operations, with Las Chispas contributing an estimated 7.5-8.5 million silver equivalent ounces annually.

SilverCrest Metals Inc. (SILV) - PESTLE Analysis: Legal factors

The May 2023 Mining Law reform remains in effect, but its crucial regulations are still pending publication as of late 2025.

You need to know that while the core of Mexico's May 2023 Mining Law reform is active, the critical secondary regulations that detail how to comply are still missing in late 2025. This creates a legal gray area (a regulatory vacuum) where the new, stricter law is on the books, but many procedures still rely on the old rules. The reform itself is a substantial shift, reducing new mining concession terms from 50 years to 30 years, with only a single 25-year renewal, and it mandates a public bidding process for new concessions.

This uncertainty is a real risk for long-term capital planning, but for SilverCrest Metals Inc. (SILV) and its existing Las Chispas operation, the immediate impact is contained. Your existing concessions are grandfathered in, but any future expansion or new project acquisition will fall under these more restrictive and complex rules. You're operating with a known framework, but the path to growth is defintely getting more complex.

The Environmental Impact Statement (MIA) for the Las Chispas mine is secured and valid until July 2033.

One major de-risking factor for the Las Chispas operation is the long-term validity of its Environmental Impact Statement (Manifestación de Impacto Ambiental, or MIA). The MIA was approved in 2019 and is secured until July 17, 2033. This permit is foundational, allowing for the operation of the 3,000-tonne-per-day underground mine and processing facility.

This long-term environmental approval gives SilverCrest Metals Inc. significant operational stability, especially compared to companies still waiting on permits in the current, highly scrutinized regulatory environment. It means you can focus on maximizing production and efficiency without the near-term distraction of a major permit renewal process.

Water usage is governed by a long-term concession from CONAGUA for up to 300,000 m³/year, valid until 2030.

Water rights are the most sensitive environmental issue for Mexican mining, and your concession provides a clear operational boundary. SilverCrest Metals Inc. holds a national groundwater concession from CONAGUA (Comisión Nacional del Agua) for up to 300,000 m³/year for industrial mining use at Las Chispas. This initial concession, granted in October 2020, is valid for 10 years and is renewable, so you have certainty until October 2030.

The new National Water Plan (2024-2030) prioritizes human consumption over industrial use, so while your current concession is secure, expect intense scrutiny during the 2030 renewal process. The company's focus on its five-year Water Stewardship Plan, which includes community infrastructure projects, is a smart strategic move to build social license ahead of that critical renewal date.

The new administration is expected to enforce existing environmental and labor laws more strictly, increasing compliance costs.

Honestly, the era of lax enforcement in Mexico is over. The new administration, under President Sheinbaum, is signaling a clear shift toward stricter environmental and labor compliance, and you should budget for the resulting higher operating costs in your 2025 and 2026 models. The government is actively reviewing existing concessions for environmental impact, which means your operational practices must be impeccable.

Here's the quick math on the near-term cost pressure:

• New emissions monitoring systems are estimated to cost mines an average of $1.2 million annually.
• Mexico's Environmental and Natural Resources Secretariat (SEMARNAT) issued $4.8 million in fines to mining companies for waste mismanagement in the first quarter of 2025 alone.

This increased scrutiny is a systemic risk for the entire sector, but it's manageable for an established, well-capitalized operator like SilverCrest Metals Inc. The key action is to ensure your internal compliance budget for 2025 is robust enough to absorb these expected new monitoring and reporting costs.

Legal/Regulatory Factor (as of 2025)	Specific Impact on SilverCrest Metals Inc. (SILV)	Key Metric / Date
Mining Law Reform (May 2023)	Increased complexity for new projects; existing concessions are grandfathered.	New concession term: 30 years (down from 50). Regulations still pending publication (late 2025).
Environmental Impact Statement (MIA)	Operational stability and de-risked construction/production phase.	MIA secured and valid until July 17, 2033.
Water Concession (CONAGUA)	Guaranteed water volume for current operations, but future renewal is a key risk.	Authorized volume: up to 300,000 m³/year. Initial concession valid until October 2030.
Stricter Enforcement (New Administration)	Higher operational expenditure due to new monitoring and compliance requirements.	Estimated average annual cost for new monitoring: $1.2 million. SEMARNAT fines in Q1 2025: $4.8 million (sector-wide).

SilverCrest Metals Inc. (SILV) - PESTLE Analysis: Environmental factors

The operation utilizes a closed-circuit water design to minimize consumption and manage discharge permits effectively.

The Las Chispas operation, now under Coeur Mining, Inc. management as of February 2025, is located in a semi-arid region of Sonora, Mexico, making water stewardship a top priority.

The processing plant is designed to minimize water consumption through a dry stack tailings facility (DSTF) and extensive water recycling. Honestly, this is the only way to operate responsibly in a water-scarce area.

The company's 2022 Sustainability Report established a strong baseline, reporting a 92% water recycling rate for the operation. This high rate of water recycling in the tailings process is key to maintaining compliance with water discharge permits and reducing reliance on fresh water sources.

Increased scrutiny on existing operations is expected under the new government, especially concerning environmental impact.

The political landscape in Mexico has shifted significantly in 2025, directly impacting environmental risk. In June 2025, President Claudia Sheinbaum announced a halt on new mining concessions and, more critically for existing mines like Las Chispas, a thorough review of all current concessions for their environmental impact.

This new policy signals a period of heightened regulatory risk and potential for stricter environmental standards. What this estimate hides is the political capital the new administration is willing to spend on enforcement, but the intent is clear: mining operations must demonstrate substantial environmental mitigation measures to continue operating.

The focus is particularly intense on water management and contamination, so SilverCrest Metals Inc.'s existing Water Stewardship Plan is defintely a strategic asset, but it will face a more rigorous government evaluation.

A dedicated environmental team actively monitors air quality, GHG emissions, and water management at the site.

A dedicated environmental team at Las Chispas oversees a robust monitoring program, tracking air quality, noise levels, water quality, and the presence of heavy metals. This data collection is essential for managing operational risk and maintaining the social license to operate.

The company has also integrated climate change into its long-term strategy, tying executive compensation to greenhouse gas (GHG) goals. Their initial decarbonization plan targeted a 5% reduction in GHG emissions from 2020 baseline levels by the end of 2023.

Plus, the company is actively exploring renewable energy alternatives, such as solar power, to further minimize its Scope 1 and Scope 2 emissions footprint.

Environmental Metric	2023 Performance / Target	Strategic Context (2025)
Water Recycling Rate	92% (2022 baseline)	High rate minimizes consumption and manages discharge risk in a water-scarce region.
GHG Emissions Target	5% reduction from 2020 baseline by 2023	Executive compensation is tied to achieving these reduction goals.
Community Water Investment (2022-2026)	US$1.5 million committed over five years	Mitigates community water scarcity, a critical social and political risk factor.

The company invested an additional $280,000 in 2023 for water infrastructure projects in the local region.

As part of its five-year Water Stewardship Plan, SilverCrest Metals Inc. made a substantial commitment to local water resilience. The total plan commits US$1.5 million over the 2022-2026 period.

In 2023 alone, the company invested an additional US$280,000 to enhance water infrastructure in the local region. Here's the quick math on the impact:

• Provided year-round water access for 231 hectares of land.
• Benefited 57 local landowners, enabling a second planting season.
• Completed approximately 900 meters of sewer system repairs and over 500 meters of aqueduct enhancements in the Arizpe region.

This direct infrastructure investment is crucial because it builds community trust and provides a buffer against the rising political and environmental pressures related to water use in the Sonora State.