Santacruz Silver Mining : Sustainability Report 2024
SCZ.V
Published on 06/09/2025 at 13:16
2024
Sustainability Report
Contents
Message from Our Executive President
Message from Our Corporate Affairs Vice President
3. Human Rights 34
3.1. Human Rights Commitments 36
g 3.2. Due Diligence in Human Rights 37
About our Integrated Report 7 4. Our Sustainability Management 40
Integrated Sustainability Management
Sinchi Wayra: Pillar of Mining in Bolivia 10
Approach 41
Our Mission, Vision, and Values 11 4.1.1. Sustainability Context Policies 42
We are... How and where we Operate? 12 4.1.2. Transparency and Mechanisms for
Our Processes and Results 15 Seeking Advice and Raising Concerns 45
2.3. Memberships and Associations
18
4.2.
Our Sustainability Strategy
49
2.4. Santacruz Silver Mining Ltd.
21
4.2.1. Sinchi Wayra and Responsible Mining
50
2.5. Corporate and Transformational Governance
23
4.2.2. Stakeholders (S Ps) and the Capitals
2.5.1. Governance Structure and
Approach
51
Composition
24
4.2.3. Sustainability Model and the Prioritized
2.5.2. Governance of Impacts and Risks
25
SDGs
57
2.5.3. Oversight of Impact and Risk
5.
Our
Economic Management
82
Management
29
5.1.
Our Economic Contribution Distributed
83
2.5.4. Our Ethical Commitment
31
5.1.1. Management of the Material Topic and
2.5.5. Regulations and Permits 33 the Path to Financial Capital 83
5.1.2. Economic Value Generated and Distributed
Our Responsible Supply Chain
Management of the Material Topic and the Path of Financial Capital
Our Responsible Mineral Procurement
7. Our Environmental Management
7.1. Environmental Management
7.1.1. Management of the Material Topic and the Path to Natural and
85 Industrial Capital
IFRS S1 Index - SASB Sector Matrix
190
7.1.2. Environmental Risk and Incident
9. Verification - Quality Assurance
i 44 of Information GRI Content Index
GRI Content Index
179
181
182
5.2.3. Our Contribution to Local Procurement
94
7.2.
Land Use, Care, and Rehabilitation
148
5.2.4. Product Stewardship and Hand ling
98
7.2.1. Operation Closure Planning
149
7.3.
Waste Management
150
6. Our
Social Management
102
7.4.
Water Management
154
6.1.
Contributing to Community
6.1.1. Management of the Material Topic
103
7.4.1. Management of the Material Topic and the Path to Natural Capital
154
and the Path to Financial Capital
103
7.4.2. Our Water Treatment Process
156
6.1.2. Community Engagement and Shared
7.4.3. Extracted Water
157
Model 86
Assessment
146
Economic Value 106
Responsible Community Investment 109
Community Grievances 112
6.2. Our People 113
7.4.4. Water Consumption, Recycling, and Discharge
Tailings Management
Management of the Material Topic
158
160
6.2.1. Management of the Material Topic
and the Path to Industrial Capital
160
and the Path to Human and
7.5.2. Our Tailings Dam Management
161
Intellectual Capital
113
7.6.
Climate Action
163
6.2.2. Our Employees
115
7.6.1. Management of the Material Topic
6.2.3. Freedom of Association and Collective
and the Path to Industrial Capital
163
Bargaining (Trade Unions)
120
7.6.2. Energy Consumption
166
6.2.4. Training and Performance Reviews
123
7.6.3. Greenhouse Gas Emissions
168
6.3.
Industrial Safety & Health
126
7.6.4. Atmospheric Emissions
169
6.3.1. Management of the Material Topic
and the Path to Human Capital
126
Our
Operations
170
6.3.2. Our Management System -
8.1. Bolivar 171
"I Work Safely"
128
8.2.
Porco
173
6.3.3. Safety Committees
134
8.3.
Caballo Blanco
175
6.3.4. Our Safety Performance
135
8.4.
Empresa Minera San Lucas S.A.
177
6.3.5. Occupational Health
140
8.5.
La Paz Office
178
Message from Our Executive President
Message from Our Executive President
(GRI 2-22)
Dear Stakeholders,
At Grupo Minero Sinchi Wayra, we are proud to present our 2024 Sustainability Report, which outlines our social, environmental, and economic performance in alignment with the requirements and standards of the new Global Reporting Initiative (GRI) structure, in accordance with the GRI Standards. This report adopts an integrated approach supported by the International Financial Reporting Standards (IFRS) S1, and includes specific sectoral guidelines for mining, in response to the expectations of our investors.
It demonstrates our commitment to a sustainable future and to transparent communication of our actions. Our goal is to become a benchmark for sustainable mining in Bolivia, which means leading initiatives that generate positive impacts while responsibly managing both actual and potential negative impacts on society (employees, communities, and civil society), the economy, and the natural environment.
We continue to integrate sustainability not only into our corporate strategy, but also into our daily operations and risk management practices. Thanks to this perspective, we have reinforced the economic value we allocate to our stakeholders, particularly through collaboration with local communities under current agreements. This year, we invested over two million dollars in projects that support their development.
We also continue advancing sustainability by actively participating in the United Nations Global Compact Bolivia Network, where we have stood out as leaders of the Transformational Governance Working Group. This has allowed us to create spaces for knowledge-sharing with other industries and foster synergies aimed at achieving 13 prioritized Sustainable Development Goals (SDGs), 21 targets, and 21 indicators-identified through our materiality process-to demonstrate progress with impact toward the 2030 Agenda.
In this context, this edition of our report outlines updates to our materiality analysis, prepared in accordance with the GRI Standards, incorporating double materiality and Environmental, Social, and Governance (ESG) criteria. This approach enables us to provide investors with a broader strategic and financial perspective, along with an understanding of potential negative impacts stemming from climate change that may affect the value of our business and our fiduciary duty to pursue responsible investment.
To this end, we identify, assess, and prioritize the most relevant ESG criteria and align them with our corporate and financial risks. This approach helps us allocate resources more effectively, maximizing our positive environmental, social, and governance impacts. In 2025, we will continue to review and strengthen our commitments to impact materiality and double materiality, responding effectively to evolving external demands and stakeholder
Message from Our Executive President
expectations, while aligning with the capital-based approach already defined for governance, strategy, management, and related metrics for continuous improvement.
This year, we updated our corporate mission, vision, and values, reaffirming that life, safety, and health are fundamental priorities for our personnel. As such, we maintain a proactive management approach that includes implementing controls and measures to eliminate or reduce risks in the workplace. We are equally committed to sustainability, the environment, and innovation, addressing corporate risks related to human rights with due diligence and evaluating their implications on people in specific areas.
I would like to extend my sincere gratitude to each of our 1,365 workers for their dedication and contributions to the mission of our mining group.
With great enthusiasm, I invite you to read our 2024 Integrated Sustainability Report. We hope our progress serves as a source of inspiration on the path toward responsible and pioneering mining in Bolivia.
Thank you very much!
Eduardo Torrecillas Executive President
Disclaimer
Santacruz Silver Mining Ltd. published this content on June 09, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 09, 2025 at 17:15 UTC.