Mag Silver
Mag Silver Corp, commonly referred to as Mag Silver, is a prominent player in the mining industry, headquartered in California. Founded in 2003, the company has established itself as a leader in the exploration and development of high-grade silver projects, primarily in Mexico, a region renowned for its rich mineral deposits. Mag Silver's flagship asset, the Juanicipio project, showcases its commitment to sustainable mining practices and innovative extraction techniques. The company is recognised for its unique approach to resource development, focusing on high-quality silver and gold deposits that promise significant returns. With a strong market position, Mag Silver has achieved notable milestones, including strategic partnerships and successful financing initiatives, solidifying its reputation as a key contributor to the global silver supply chain.
DitchCarbon Score
How does Mag 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
Mag Silver's score of 28 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mag Silver's reported carbon emissions
In 2023, Mag Silver reported total carbon emissions of approximately 20,600,000 kg CO2e, with Scope 1 emissions accounting for about 20,591,000 kg CO2e and Scope 2 emissions at about 9,000 kg CO2e. The previous year, 2022, saw total emissions of approximately 18,808,000 kg CO2e, primarily driven by Scope 1 emissions of about 18,791,000 kg CO2e, alongside Scope 2 emissions of about 17,000 kg CO2e and Scope 3 emissions of approximately 151,000 kg CO2e. Over the years, Mag Silver's emissions have fluctuated, with a notable increase from 10,154,000 kg CO2e in 2020 to 20,500,000 kg CO2e in 2021, before a decrease in 2022. Despite these figures, there are currently no specific reduction targets or climate pledges disclosed by the company. The absence of defined reduction initiatives suggests a need for further commitment to climate action within the industry context.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 8,850,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,304,000 | 0,000,000 | 00,000 | 0,000 |
| Scope 3 | - | - | 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.
Mag Silver is not participating in any of the initiatives that 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.
