First Majestic Silver
First Majestic Silver Corp., commonly referred to as First Majestic, is a prominent player in the silver mining industry, headquartered in California. Founded in 2002, the company has established itself as a leading silver producer, primarily operating in Mexico, where it manages several key mining projects. First Majestic focuses on the extraction and production of silver, with a commitment to sustainable practices and innovative mining techniques. Its core products include high-grade silver and by-products such as gold and lead, setting it apart in a competitive market. With a strong market position, First Majestic has achieved notable milestones, including significant increases in production and reserves over the years. The company’s dedication to operational excellence and environmental responsibility continues to enhance its reputation within 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 Salt and 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 21 is higher than 81% 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 96,048,000 kg CO2e, comprising about 54,612,000 kg CO2e from Scope 1 and about 41,370,000 kg CO2e from Scope 2 emissions. This represents a significant reduction from 2022, where total emissions were approximately 155,757,000 kg CO2e, indicating a positive trend in their climate performance. Over the years, First Majestic has shown fluctuations in emissions, with 2022 being the highest recorded at approximately 155,757,000 kg CO2e, while 2020 saw a lower total of about 80,116,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for further commitment in this area. The emissions per tonne of ore processed have also varied, with the latest data indicating a GHG intensity of about 260 kg CO2e per tonne in 2023, down from approximately 839 kg CO2e per tonne in 2022. This improvement reflects First Majestic's ongoing efforts to enhance operational efficiency and reduce its carbon footprint. Overall, while First Majestic Silver has made strides in reducing its emissions, the absence of formal reduction targets highlights an opportunity for the company to strengthen its climate commitments and align with industry standards for sustainability.
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| 2019 | 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 | - | - | - | - | - |
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.
