Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) has released its 2023 Sustainability Report for its operations in Bolivia.
Santacruz CEO Arturo Préstamo highlighted the company's ongoing commitment to responsible mining, stating that subsidiary Sinchi Wayra's efforts in reducing greenhouse gas emissions, managing water sustainably, and strengthening tailings management were among the key achievements in 2023.
"Over the past few years, we have invested in Bolivian community initiatives—particularly in education and local infrastructure—to ensure our operations support long-term community growth," Préstamo said, adding that these initiatives have driven significant improvements across the company's environmental and social metrics.
The report outlined over $7.1 million invested in environmental management, focusing on key areas such as water management, where the company reduced water usage, implemented recycling practices, and ensured clean water access for nearby communities.
Emission reduction efforts included the adoption of cleaner technologies to lower greenhouse gas emissions at Bolivian mining operations.
Additionally, Santacruz ensured compliance with international waste management standards, including those set by the Canadian Dam Association and the Global Industry Standard on Tailings Management.
Santacruz invested more than $7.3 million in local community initiatives over the past five years. The company focused on educational initiatives, environmental sustainability, and respect for Indigenous rights.
The company also emphasized its focus on governance, adopting stringent safety standards and maintaining stakeholder engagement through regular dialogue with local communities and government representatives.
The full 2023 Sustainability Report is available on the company's website.