Mag Silver
Mag Silver Corp, commonly referred to as Mag Silver, is a prominent mining company headquartered in Vancouver, Canada. Established in 2003, the company has made significant strides in the silver mining industry, particularly in Mexico, where it operates key projects in the renowned Fresnillo silver district. Specialising in the exploration and development of high-grade silver and gold deposits, Mag Silver is known for its flagship project, the Juanicipio property, which showcases exceptional mineral potential. The company’s commitment to sustainable practices and innovative mining techniques sets it apart in a competitive market. With a strong focus on resource expansion and strategic partnerships, Mag Silver has positioned itself as a leader in the silver sector, earning recognition for its robust project pipeline and impressive exploration results.
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 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 23 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Mag Silver's reported carbon emissions
In 2023, Mag Silver reported total carbon emissions of approximately 20.6 million tonnes CO2e. This figure includes about 20.6 million tonnes from Scope 1 emissions, which primarily arise from direct operations, and a minimal contribution of 9,000 tonnes from Scope 2 emissions, related to purchased electricity. Notably, there were no reported Scope 3 emissions, which typically encompass indirect emissions from the supply chain. Over the previous years, emissions fluctuated, with 2022 emissions at about 18.8 million tonnes CO2e, 2021 at approximately 20.1 million tonnes CO2e, and 2020 at around 10.2 million tonnes CO2e. This indicates a significant increase in emissions from 2020 to 2023, highlighting the need for enhanced climate commitments. Currently, Mag Silver has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction strategies or climate pledges. This context suggests an opportunity for the company to develop and implement robust climate action plans to address its growing carbon footprint and align with industry standards for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2020 | 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 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.
