Torex Gold Resources Inc.
Torex Gold Resources Inc., a prominent player in the mining industry, is headquartered in Canada and primarily operates in the Guerrero Gold Belt of Mexico. Founded in 2010, the company has rapidly established itself as a leader in gold exploration and production, with significant milestones including the successful launch of its El Limón-Guajes mine. Torex Gold focuses on the extraction of high-quality gold, leveraging advanced mining techniques and a commitment to sustainable practices. Its flagship operation is renowned for its robust resource base and efficient production capabilities, setting it apart in a competitive market. With a strong emphasis on safety and environmental stewardship, Torex Gold has garnered recognition for its responsible mining initiatives, positioning itself as a trusted name in the global gold sector.
DitchCarbon Score
How does Torex Gold Resources Inc.'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 Precious Metal Production 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
Torex Gold Resources Inc.'s score of 33 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Torex Gold Resources Inc.'s reported carbon emissions
In 2023, Torex Gold Resources Inc. reported significant carbon emissions, with Scope 1 emissions totalling approximately 112,078,000 kg CO2e and Scope 2 emissions at about 111,227,000 kg CO2e. This reflects a continued commitment to transparency in their environmental impact, as they have disclosed emissions data for both Scope 1 and Scope 2, while Scope 3 emissions data remains undisclosed. Torex Gold has set ambitious reduction targets, aiming for a 10% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2021 as a baseline. Additionally, the company has committed to achieving net-zero GHG emissions by 2050, which encompasses all scopes of emissions. Notably, they anticipate a potential 95% reduction in CO2 emissions due to the absence of diesel trucks and heavy equipment, which will also enhance workplace safety and reduce the need for ventilation systems. The company’s emissions intensity metrics indicate a GHG emissions intensity of approximately 490 kg CO2e per ounce of gold produced and 40 kg CO2e per tonne of ore processed. These figures highlight the environmental impact of their operations and the importance of their ongoing climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 87,778,160 | - | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 108,392,130 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| 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.
Torex Gold Resources Inc. 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.
