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.
+1 vs industry average
First Majestic Silver’s score of 19 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
First Majestic Silver's reported carbon emissions
First Majestic Silver, headquartered in CA, reported total greenhouse gas emissions of approximately 62,537,000 kg CO2e for 2024. This figure encompasses Scope 1 and Scope 2 emissions, with Scope 1 emissions at approximately 38,980,000 kg CO2e and Scope 2 emissions at approximately 23,558,000 kg CO2e. In 2023, the company's total emissions were approximately 96,048,000 kg CO2e, comprising Scope 1 emissions of about 54,678,000 kg CO2e and Scope 2 emissions of approximately 41,370,000 kg CO2e. For 2022, First Majestic Silver's combined Scope 1 and Scope 2 emissions amounted to approximately 155,757,000 kg CO2e, with Scope 1 at about 93,912,000 kg CO2e and Scope 2 at roughly 61,845,000 kg CO2e. In 2021, total emissions were approximately 83,685,000 kg CO2e (Scope 1: about 61,622,000 kg CO2e; Scope 2: approximately 22,063,000 kg CO2e). The company's Scope 3 emissions data is not yet available, with purchased goods and services being a noted missing data point. First Majestic Silver has not disclosed any specific reduction targets or commitments, such as those from the Science Based Targets initiative (SBTi).
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First Majestic Silver’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for First Majestic Silver yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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