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 30 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Majestic Silver's reported carbon emissions
In 2024, First Majestic Silver reported total carbon emissions of approximately 38,980,000 kg CO2e for Scope 1 and about 23,558,000 kg CO2e for Scope 2, resulting in a combined total of around 62,537,000 kg CO2e. This marks a significant reduction from 2023, where emissions were approximately 61,622,000 kg CO2e for Scope 1 and 22,063,000 kg CO2e for Scope 2, leading to a total of about 83,685,000 kg CO2e. Over the past few years, the company has shown a trend of decreasing emissions, with 2022 figures at approximately 59,212,000 kg CO2e for Scope 1 and 20,904,000 kg CO2e for Scope 2, totalling around 80,116,000 kg CO2e. Notably, emissions in 2021 were similar, with totals around 83,685,000 kg CO2e, indicating a consistent effort to manage and reduce their carbon footprint. First Majestic Silver has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company operates independently without cascading emissions data from a parent organization, ensuring that their reported figures reflect their own operational impact. Overall, First Majestic Silver's commitment to reducing carbon emissions is evident in their recent performance, although further clarity on specific reduction strategies would enhance their sustainability profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 73,135,000 | 00,000,000 | 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 | 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 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.
