Headquarters
Mexico
Stock Exchange Listings
BMV: GMEXICOB
Workforce
Employees: 29,586 (31/12/2020)
Contract workers: 16,614 (31/12/2020)
Total: 46,200 (31/12/2020)
Geographic Footprint
Producing countries: 3
Known tax jurisdictions: 4
Revenues (in BUSD)
Total Revenue: 10.909 (31/12/2020)
Net Income: 2.2804 (31/12/2020)
State Ownership
No State ownership
2019 Fatalities
Total worker fatalities: 4
  • Employees: 3
  • Contract workers: 1
Others: Not Specified
2020 Fatalities
Total worker fatalities: 0
  • Employees: 0
  • Contract workers: 0
Others: Not Specified
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary of Results

Economic DevelopmentBusiness ConductLifecycle ManagementCommunity WellbeingWorking ConditionsEnvironmental Responsibility0%20%40%60%80%100%
  • Grupo México
  • RMI average
  • Collective Best Score

Absolute results remain low overall and Grupo México’s results are largely dependent on the formal commitments it has made, for example to prevent bribery and corruption and to ensure safe and healthy working conditions.

Grupo México shows evidence of improvement since the RMI Report 2020, including on systems to develop water stewardship strategies based on a catchment-level approach, a new formal policy to manage its environmental impacts, and data disclosures on its performance in reducing Scope 1, 2, and 3 greenhouse gas emissions.

In the company-wide assessment, Grupo México’s overall results are below the average in five of the six thematic areas: Economic Development, Business Conduct, Lifecycle Management, Community Wellbeing, and Environmental Responsibility. The company’s overall results are limited by a lack of evidence of action on some key issues. For example, Grupo México shows no evidence that it ensures its operations plan for the management of post-closure transition for workers, or that it tracks and reviews the effectiveness of its performance in managing any impacts of its activities on women. In addition, the company shows no evidence that it has systems in place to identify and address how climate change can exacerbate the environmental impacts of their operations.

Grupo México ranks 23rd among the 40 companies on its mine-site-level results, with an average score of only 7% in the mine-site assessment. Grupo México’s results in the mine-site assessment are strikingly weak. Aside from some limited evidence on worker grievances, none of the seven mine sites assessed show any relevant evidence for ten of the fifteen issues covered by this assessment: local employment, local procurement, air quality, water quality, water quantity, post-closure, tailings, safety of community, women workers, and living wage.

Overall results

Economic Development

14.30 / 100.002022
12.00 / 100.002020

Business Conduct

26.50 / 100.002022
15.00 / 100.002020

Lifecycle Management

9.30 / 100.002022
6.00 / 100.002020

Community Wellbeing

15.50 / 100.002022
7.00 / 100.002020

Working Conditions

34.10 / 100.002022
22.00 / 100.002020

Environmental Responsibility

27.90 / 100.002022
13.00 / 100.002020

Average Mine-Site Score

7%2022
2022
14
%
2020
12
%

Economic Development

2022
27
%
2020
15
%

Business Conduct

2022
9
%
2020
6
%

Lifecycle Management

2022
16
%
2020
7
%

Community Wellbeing

2022
34
%
2020
22
%

Working Conditions

2022
28
%
2020
13
%

Environmental Responsibility

2022
7
%

Average Mine-Site Score

Results per measurement area

Commitment

(9 indicators)

Action

(42 indicators)

Effectiveness

(20 indicators)

Results per indicator

Economic Development

Mine-site Results

Mine sites selected for individual assessment (but not included in the overall company score)

Click on a mine site name to open its individual result page
CananeaCuajoneLa CaridadMissionSanta BárbaraSilver BellToquepala
Local Employment
(score /4)
0.00.00.00.00.00.00.0
Local Procurement
(score /4)
0.00.00.00.00.00.00.0
Air Quality
(score /4)
0.00.00.00.00.00.00.0
Water Quality
(score /4)
0.00.00.00.00.00.00.0
Water Quantity
(score /4)
0.00.00.00.00.00.00.0
Rehabilitation and Post-Closure
(score /4)
0.00.00.00.00.00.00.0
Tailings Management
(score /4)
0.00.00.00.00.00.00.0
Safety of Communities
(score /4)
0.00.00.00.00.00.00.0
Community Grievances
(score /4)
1.50.50.50.00.50.00.5
Safety and Health of Workers
(score /4)
0.50.50.50.50.50.50.5
Women Workers
(score /4)
0.00.00.00.00.00.00.0
Workplace Deaths and Injuries
(score /4)
1.01.01.01.01.01.01.0
Training of Workers
(score /4)
1.01.01.01.01.01.01.0
Decent Living Wage
(score /4)
0.00.00.00.00.00.00.0
Worker Grievances
(score /4)
1.01.01.01.01.01.01.0
Mine Site Score
(%)
8.07.07.06.07.06.07.0

Operational mine sites

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining types
CananeaBuenavista del CobreMexico88.9Copper, Gold, Molybdenum, SilverOpen-pit
Charcas-Mexico88.9Silver, Copper, Lead, ZincUnderground
CoimolacheTantahuatay 2, Ciénaga NortePeru44.2Gold, SilverOpen-pit
Cuajone-Peru88.9Copper, Silver, Molybdenum, GoldOpen-pit
La Caridad-Mexico88.9Copper, Molybdenum, Gold, SilverOpen-pit
Mission-USA100Gold, Silver, Copper, MolybdenumOpen-pit
Nueva Rosita-Mexico88.9CoalOpen-pit
Ray-USA100Gold, Silver, CopperOpen-pit
San Martín-Mexico88.9Silver, Lead, Zinc, CopperOpen-pit
Santa Bárbara-Mexico88.9Copper, Lead, Silver, ZincUnderground
Santa Eulalia-Mexico88.9Silver, Lead, ZincUnderground
Silver Bell-USA100CopperOpen-pit
Taxco-Mexico88.9Gold, Silver, Copper, Lead, ZincOpen-pit
Toquepala-Peru88.9Copper, Gold, Silver, MolybdenumOpen-pit

Closed mine sites (known)
(controlled assets under care & maintenance, closure or post-closure management)

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining typesYear of closure
Black CloudLeadvilleUSA60CoalUnderground1999
CoyTennesseeUSA100Copper, ZincOpen-pit2001
Pasta de Conchos-Mexico88.9CoalUnderground2007

Tax Jurisdictions (known)

Mexico

Peru

Spain

USA