PERU: Gold, Silver Production Up 13.2%, 4.9%, Respectively, In January
Peru’s Ministry of Energy and Mining reports gold production was up 13.2% in January, as silver output increased 4.9%; however copper production dropped 4.8%, while zinc plunged 15.75% during the same period.
Gold production increased from 13,352,671 grams (429,298 troy ounces) in January 2010 to 15,115,898 grams (485,987 ounces) in January 2011. Increased production was recorded by Minera Yanacocha, Compañia Minera Poderosa and Minera Titan del Peru.
January 2012 silver production was reported at 309,144 kilograms (9,939,210 troy ounces), up 4.9% from 294,578 kilograms (9,470,902 ounces) of silver production in January 2011. Increased production was reported at Minera Suyamarca, Compañia Minera Antamina, and Compañia de Minas Buenaventura.
However, copper production declined 4.8% from 102,727 metric tons in January 2011 to 97,765 metric tons in January 2012. Lower output was reported by Sociedad Minera Cerro Verde, Xstrata Tintaya, Gold Fields SAA and Compañia Minera Condestable SAA.
Zinc production declined 15.7% from 121,282 metric tons in January 2011 to 102,290 metric tons in January 2012. Lower production was reported by Compañia Minera Antamina, Volcan Compañia Minera and Empresa Minera Los Quenuales.
Iron production from Peru’s sole iron miner, Shougang Hierro Perú, declined 3.3% from 540,326 long tons in January 2011 to 522,443 long tons in January 2012.
Molybdenum production also declined 5.1% from 1,412 metric tons in January 2011 to 1,340 metric tons in January 2012. Lower production was reported by Compañia Minera Cerro Verde.
Production of tin by Empresa Minera Minsur SA fell by 7.9% from 2,274 metric tons in January 2011 to 2,095 metric tons in January 2012, the Ministry of Energy and Mining reported.
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