First Majestic Silver
First Majestic Silver Corp., commonly referred to as First Majestic, is a prominent Canadian mining company headquartered in Vancouver, British Columbia. Established in 2002, the company has rapidly evolved into a leading player in the silver mining industry, primarily operating in Mexico, where it owns several high-grade silver mines. First Majestic focuses on the exploration, extraction, and production of silver, with a commitment to sustainable mining practices. Its core products include silver doré bars and silver concentrate, distinguished by their high purity levels. The company has achieved notable milestones, including the successful expansion of its production capacity and a strong market position as one of the largest primary silver producers globally. With a dedication to innovation and environmental stewardship, First Majestic continues to set benchmarks in the mining sector.
DitchCarbon Score
How does First Majestic Silver's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
First Majestic Silver's score of 29 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
First Majestic Silver's reported carbon emissions
In 2023, First Majestic Silver reported total carbon emissions of approximately 2 million tonnes CO2e. This figure includes 28 million tonnes from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 25 million tonnes from Scope 2 emissions, related to purchased electricity. The company also recorded significant Scope 3 emissions, totalling about 2 billion tonnes CO2e, which include emissions from the supply chain and product use. Over the years, First Majestic Silver has seen fluctuations in its emissions. In 2022, total emissions were around 141 million tonnes CO2e, while in 2021, they were approximately 84 million tonnes CO2e. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a need for further development in this area. First Majestic Silver's emissions intensity has varied, with emissions per tonne of ore processed reported at about 450 kg CO2e in 2023. The company is actively engaged in monitoring its carbon footprint but currently lacks formal reduction targets or commitments to industry standards such as the Science Based Targets initiative (SBTi). Overall, while First Majestic Silver has made strides in tracking its emissions, the absence of defined reduction strategies highlights an opportunity for enhanced climate action moving forward.
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Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 73,135,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 39,491,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,233,412,000 | 000,000,000 | 00,000,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
First Majestic Silver is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
