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 28 is higher than 55% 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 2023, First Majestic Silver reported total carbon emissions of approximately 54,612,000 kg CO2e for Scope 1 and about 41,370,000 kg CO2e for Scope 2, resulting in a combined total of around 96,048,000 kg CO2e. This marks a significant decrease from 2022, where emissions were approximately 93,912,000 kg CO2e for Scope 1 and about 61,845,000 kg CO2e for Scope 2, leading to a total of around 155,757,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives as part of their climate commitments. However, they continue to monitor and report their emissions, reflecting an ongoing commitment to transparency in their environmental impact. First Majestic Silver's emissions intensity, measured as emissions per tonne of ore processed, was approximately 260 kg CO2e in 2023, down from about 839 kg CO2e in 2022. This indicates a positive trend towards reducing their carbon footprint in relation to production. Overall, while First Majestic Silver has not established formal reduction targets, their emissions data suggests a focus on improving operational efficiency and reducing greenhouse gas emissions over time.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 73,135,000 | 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 |
| 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.
