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 25 is higher than 50% 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 Corp. 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 approximately 9,000 kg CO2e. This marks an increase from 2022, where total emissions were about 18,808,000 kg CO2e, with Scope 1 emissions at approximately 18,791,000 kg CO2e and Scope 2 emissions at about 17,000 kg CO2e. In 2021, the company recorded total emissions of around 20,050,000 kg CO2e, with Scope 1 emissions of about 18,307,000 kg CO2e and Scope 2 emissions of approximately 1,743,000 kg CO2e. The data from 2020 indicates total emissions of about 10,154,000 kg CO2e, although specific Scope 1 and Scope 2 figures were not disclosed for that year. MAG Silver has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company does not appear to inherit emissions data from any parent or related organizations, as it operates independently in this regard. Overall, MAG Silver's emissions data reflects a significant carbon footprint, primarily from direct operations, with no reported Scope 3 emissions. The company’s climate commitments and reduction strategies remain unclear, highlighting an area for potential improvement in sustainability practices.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 18,307,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,743,000 | 00,000 | 0,000 |
| 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.
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.
