Silver Crest i55 Spring 24

Wealth: Unlocking the Earth’s

In the vast, sun-drenched landscapes of Mexico, where the earth whispers tales of untold riches, SilverCrest Mines Inc., a Canadian-based mining company, is carving out a legacy.

Wealth: Unlocking the Earth’s

Silver Crest Metals Trailblazing Journey in

Precious Metals

In the vast, sun-drenched landscapes of Mexico, where the earth whispers tales of untold riches, SilverCrest Mines Inc., a Canadian-based mining company, is carving out a legacy. Led by the visionary CEO, Eric Fier, SilverCrest has positioned itself as a beacon of innovation and environmental stewardship in the extraction of silver and other precious metals. The company’s recent announcement of a five-year contract with Dumas, a leading underground mining contractor, marks a new chapter in its journey, promising to bolster its operational capabilities and underscore its commitment to sustainable mining practices.

The Visionary Behind the Veins: CEO Eric Fier

At the helm of SilverCrest is Eric Fier, a geologist and seasoned mining engineer whose career spans over three decades in the industry. Fier’s leadership philosophy is grounded in a deep respect for the earth and the communities that his company impacts. Under his guidance, SilverCrest has not only discovered and developed significant silver deposits but has also set industry benchmarks for responsible mining.

Dumas Contracting Ltd. is committed to excellence and community

Dumas is a leading full-service underground mining contractor providing services to clients throughout the Americas specializing in mine development, mine infrastructure and construction, mechanized raising, shaft sinking and engineering. As a mature Canadian underground contracting organization with proven and reliable technologically forward business systems, Dumas is capable of successfully delivering projects of various scopes and magnitude on time, and within budget, with a dedicated focus on Zero Harm. We have the requisite safety culture, sustainable development framework, proven operating experience and the ability to resource projects with high-performance, results-driven technical and operational teams.

We have active operations across North America on many long-term contracts and were recently awarded a five-year service contract covering all underground development and production activities at SilverCrest Metals Inc. Las Chispas Mine in Sonora, Mexico. We are proud to sustain long-term relationships with clients and local communities, providing concept to completion collaboration and a “one-team” collaborative partnership through the complete lifecycle. “Your Project. Our Expertise. Common Ground.” extends beyond being just a tagline, it represents Dumas’ commitment to develop and sustain mutually beneficial, socially responsible long-term relationships with our clients and industry partners.

As an action and results oriented member of STRACON Group, a specialty mining services group throughout North, Central and South America, we bring a commitment to continual innovation and sustainability, we are dedicated to nurturing strong, transparent, and mutually beneficial relationships with indigenous communities throughout North and South America, ensuring local communities share in the social and economic benefits or our projects and training opportunities.

2024 marks the 30th anniversary for Dumas being founded in 1994. One of the most important factors contributing to Dumas’ growth and success over the past 30 years is our exceptional employees across the Americas, both past and present. Our people are our most important asset. From regional office employees to our remote workers in the field, dedication to safety and teamwork has grown Dumas into the company we are today. We have a reputation of being results focused teams who collaborate with our clients to achieve success for all. Dumas employees are innovative, we offer solutions to our clients and deliver on our commitments. Similarly, we offer our employees a work environment where they are proud to wear the Dumas badge, returning to our project portfolio as opportunities arise.

As a component of our strategic plan and continual improvement initiatives, we have designed, implemented, and adopted an operational pillar of our organization to focus on Digital Transformation. This operating philosophy allows Dumas to manage projects on a granular level through short-interval control, using real-time data reporting and analytics adopted across our organizational Operations, Health & Safety, and Technical Services divisions.

We have remained committed to the safety of our employees and clients, leading the way to keep achieving our client’s targets and retain our valuable employees. Over our 30-year journey, Dumas implemented many safety systems that are still in place today. Our employees have fostered the Internal Responsibility System, ensuring we are all held personally accountable to health and safety in the workplace. Then and now, our employees are committed to better their workplace conditions and work environment, and to ensure we all can return home healthy and safe at the end of every shift.

Fier’s strategy for SilverCrest revolves around operational efficiency, technological innovation, and a stringent commitment to environmental conservation. His leadership has steered the company through volatile market conditions, positioning it as a resilient and forward-thinking player in the global mining arena. Fier believes in the power of partnership and community engagement, principles that are evident in every facet of SilverCrest’s operations.

SilverCrest and Dumas: A Strategic Alliance

The recent signing of a five-year contract with Dumas represents a strategic pivot for SilverCrest, aimed at enhancing its mining operations and ensuring the safety and well-being of its workforce. Dumas, with its extensive experience in providing comprehensive underground mining services, brings to the table a suite of innovative solutions that align with SilverCrest’s commitment to sustainability and efficiency.

This collaboration is set to accelerate the development of SilverCrest’s flagship projects, enabling the company to tap into deeper veins and unlock the full potential of its concessions. The partnership with Dumas underscores SilverCrest’s dedication to employing best-in-class technologies and practices in its quest to extract precious metals with minimal environmental footprint.

Innovations in Sustainable Mining

Sustainability is not just a buzzword for SilverCrest; it is a core operational principle. The company has pioneered several initiatives aimed at reducing its environmental impact, from water recycling programs to the adoption of renewable energy sources in its mining operations. SilverCrest’s commitment to sustainability extends beyond environmental measures; it also encompasses social responsibility efforts, including community development programs and transparent stakeholder engagement.

The partnership with Dumas further enhances SilverCrest’s ability to implement cutting-edge mining technologies that are not only more efficient but also less invasive to the environment. These technologies include the use of electric-powered mining equipment to reduce greenhouse gas emissions and the implementation of advanced ore processing methods that minimize water usage and waste production. These practises are definitely indicative of a senior leadership that prioritises and rewards innovation as a foundational principle of SilverCrest’s day-to-day operations.

The Economic and Social Impact of SilverCrest’s Operations

SilverCrest’s activities have a profound impact on the local economies of the regions where it operates. By creating jobs, fostering local entrepreneurship, and investing in community infrastructure, SilverCrest is playing a pivotal role in the socio-economic development of these areas.

The company’s approach to corporate social responsibility is rooted in the belief that the true value of mining extends beyond the extraction of minerals. It lies in the ability to generate lasting benefits for local communities and contribute to their prosperity. SilverCrest’s initiatives in education, healthcare, and economic development have earned it the respect and support of local stakeholders, creating a model for how mining companies can be agents of positive change.

Evolution at Las Chispas

The Las Chispas Mine stands as a flagship project showcasing the company’s prowess in the efficient and sustainable extraction of silver and gold. Located in Sonora, Mexico, this historic mine is part of a region with a rich lineage of precious metal mining. SilverCrest’s approach at Las Chispas underscores its commitment to leveraging state-of-the-art technologies and innovative mining practices to tap into this resource-rich area while ensuring environmental stewardship and fostering positive community relations.

SilverCrest has revitalized Las Chispas by deploying modern exploration and development techniques that contrast sharply with the mine’s historical operations, which date back to the late 19th and early 20th centuries. The company’s investment in detailed geological mapping, advanced drilling programs, and rigorous resource estima-

tion methods has significantly increased the understanding of the mine’s potential, leading to the discovery of high-grade ore zones that had been overlooked in the past. This strategic focus on high-grade areas enables SilverCrest to optimize its extraction processes, enhancing the mine’s productivity and profitability.

A key aspect of SilverCrest’s operation at Las Chispas is its commitment to sustainable mining practices. The company has implemented rigorous environmental management systems designed to minimize its ecological footprint, including water conservation measures, waste reduction strategies, and initiatives to reduce greenhouse gas emissions. SilverCrest’s sustainability agenda also extends to its workforce and the local community. The company invests in worker safety and training programs to ensure a skilled and healthy workforce while engaging with local stakeholders to support community development projects and social programs that contribute to the well-being of the surrounding areas.

In sum, SilverCrest’s operation of the Las Chispas Mine is a testament to its capability to balance the demands of high-grade silver and gold production with the imperatives of environmental conservation and social responsibility. Through innovative mining techniques, a focus on sustainability, and a commitment to community engagement,

SilverCrest aims to ensure that the Las Chispas Mine remains a valuable asset for its stakeholders and a positive influence in the region for years to come.

Looking Ahead: SilverCrest’s Future Endeavors

As SilverCrest looks to the future, it is clear that the company is on a trajectory of growth and innovation. With the backing of the strategic partnership with Dumas and guided by Eric Fier’s visionary leadership, SilverCrest is poised to explore new frontiers in precious metal mining.

The company’s commitment to environmental sustainability, coupled with its strategic investments in mining technology, positions SilverCrest as a leader in the transition towards more responsible and sustainable mining practices. As the demand for precious metals continues to rise, driven by their critical role in emerging technologies, SilverCrest’s role in the global mining landscape is set to become increasingly significant.

In a world where the mining industry often faces scrutiny for its environmental and social impact, SilverCrest Mines Inc. stands out as a beacon of progress and responsibility. With its strategic foresight, innovative practices, and unwavering commitment to sustainability, SilverCrest is not just extracting precious metals from the earth; it is also laying the foundation for a more sustainable and equitable future.