FIRST MAJESTIC SILVER.
FMV.XETRA | Mining of other non-ferrous metal ores
First Majestic Silver Corp. is a Canadian silver mining company focused on silver production in Mexico. The company owns and operates several producing silver mines, including San Dimas, Jerritt Canyon, Santa Elena, and La Encantada. First Majestic is committed to growing its silver production profi...Show More
Better Health for All
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First Majestic Silver Corp.'s principal goods, silver and gold, are raw materials that have no significant positive or negative health impact, resulting in a neutral health effect for its core business. The company's revenue is derived from these materials, which are not products with established negative health outcomes. As a mining company, it does not hold healthcare-related patents, produce food or nutritional products, or have products with addiction potential. There is no evidence that the company collects or manages health-related data, nor that its business activities substantially affect mental health outcomes. Therefore, these areas are not applicable to its operations.
Fair Money & Economic Opportunity
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No data relevant to the 'Fair Money & Economic Opportunity' ethical value was found in the provided articles. Both articles indicated a 404 error, meaning their content was unavailable for summarization or extraction.
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Fair Pay & Worker Respect
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First Majestic Silver Corp. reported that 100% of its employees were paid a living wage in 2023.
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The company aims to maintain its Total Recordable Injury Frequency Rate (TRIFR) below 1.0.
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In 2023, 46% of the direct workforce was unionized.
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A 2023 equity assessment found no gender-based pay disparities, with adjustments made where identified.
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The voluntary employee turnover rate for 2023 was 7.4%.
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Furthermore, the company recorded zero significant incidents related to labor violations in 2023.
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Employee reviews on Glassdoor show an overall rating of 4 out of 5 stars, with 84% recommending the company and 99% approving of the CEO.
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Fair Trade & Ethical Sourcing
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No quantitative data or specific evidence related to First Majestic Silver Corp.'s fair trade and ethical sourcing practices, such as fair-trade certification share
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, audit frequency
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, forced or child labor incidents
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, traceability coverage
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, remediation speed
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, ethical clause coverage
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, materials risk index
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, or supplier diversity spend
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, was found in the provided articles.
Honest & Fair Business
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First Majestic Silver Corp. has a formal whistleblower protection policy, last updated on August 19, 2021, which includes an anonymous hotline and outlines procedures for reporting and investigating complaints related to financial statement disclosure, accounting, internal controls, auditing matters, and violations of the company's Code of Ethical Conduct.
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The policy explicitly prohibits retaliation against whistleblowers.
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The company's Code of Ethical Conduct, also last amended on August 19, 2021, specifically addresses the Foreign Corrupt Practices Act (FCPA) and Canada's Corruption of Foreign Public Officials Act (CFPOA), outlining prohibitions against bribery and corruption.
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This code also includes annual review and declaration requirements.
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Kind to Animals
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No evidence available to assess FIRST MAJESTIC SILVER on Kind to Animals.
No War, No Weapons
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First Majestic Silver Corp. is a silver and gold mining company. Its SEC filing explicitly states "Not applicable" regarding Conflict Minerals Disclosure and Report.
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The company's core business does not involve arms manufacturing, military contracts, or dual-use technologies, and no evidence was found for other specific KPIs related to the "No War, No Weapons" value.
Planet-Friendly Business
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The company states it met all sustainability targets and commitments, but no specific details or external validation for science-based targets are provided. In 2024, 53% of waste was recycled.
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While there were no significant incidents or fines for non-compliance related to air quality or waste management in 2024, legal action was taken against the La Luz Project due to its location within a protected area.
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Respect for Cultures & Communities
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The company's La Luz project, located within the Wirikuta natural protected area of San Luis Potosí, which includes sites of cultural significance to the Wixárika Indigenous Peoples, is on hold due to a legal action brought by two Wixárika Indigenous communities from Jalisco state against the federal government.
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This proposed open-pit silver mine threatens the Wixárika sacred mountain and biodiversity. The company has established collaboration agreements with ten universities in Mexico.
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Local grievance mechanisms are available at each site, along with a 24/7 whistleblower hotline in English and Spanish.
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A bilingual online training hub is also provided.
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Safe & Smart Tech
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No specific, concrete data points relevant to the 'Safe & Smart Tech' ethical value for First Majestic Silver Corp. (FMV.XETRA) were found in the provided articles. Information regarding data breaches, AI ethics, cybersecurity investment, privacy certifications, security training, encryption, data use, user controls, authentication, vulnerability management, bug bounties, privacy by design, security testing, data minimization, regulatory compliance, algorithmic harm remediation, or digital rights advocacy was not present. , while containing relevant data for some KPIs, pertains to 'Majestic.com' and not 'First Majestic Silver Corp.', and therefore has been excluded from this assessment.
Zero Waste & Sustainable Products
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First Majestic Silver Corp. demonstrates strong hazardous waste management, particularly for tailings. The company manages 12 Tailings Storage Facilities (TSFs), with 7 using filtered/dry stack methods and 5 conventional.
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They employ dewatering systems, conduct continuous internal monitoring by geotechnical teams, and perform annual third-party audits.
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The company voluntarily implements the Global Industry Standard for Tailings Management (GISTM).
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Furthermore, sustainability reports for 2023 and 2024 indicate no reported waste disposal violations.
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