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 31 is higher than 59% 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 2,171,100,000 kg CO2e, comprising 664,331,000 kg CO2e from Scope 1, 505,767,000 kg CO2e from Scope 2, and 1,616,181,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to 2023, where the company recorded approximately 96,048,000 kg CO2e from Scope 1 and 2 combined, with no Scope 3 data disclosed. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). First Majestic Silver's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from their own disclosures. In previous years, emissions have fluctuated, with 2022 emissions at approximately 155,757,000 kg CO2e (Scope 1 and 2) and 83,685,000 kg CO2e in 2021. The company has reported emissions intensity metrics, such as 440 kg CO2e per tonne of ore processed in 2024, reflecting their operational impact on climate change. Overall, First Majestic Silver's climate commitments appear limited, with no formal pledges or reduction strategies currently in place.
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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 | 000,000,000 |
| Scope 2 | 39,491,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000,000 |
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.
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.
