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Mining industry

Peru's Mineral Output Sees Mixed Results in January

Strategic Insights

— 1 min read

Peru's Ministry of Energy and Mines reported mixed results in the country's mineral output for January, with gold and copper production increasing, while zinc and silver production declining. The government attributed the rise in gold production to the Lagunas Norte mine, which came onstream in mid-June last year. The country's other major gold producer, Yanacocha mine, saw a significant increase in production, with gold output totaling 18,556 kilograms in January.

Key Takeaways:

  • Gold production in Peru rose 19.4% in January to 18,556 kilograms, compared to the same month a year before, with the Lagunas Norte mine being the main contributor to this increase.
  • Copper production increased by 9.2% to 88,307 tons in January, mainly due to higher output at Minera Antamina SRL and Southern Copper Corp.
  • Zinc production declined by 20.5% to 83,832 tons in January, with a 83% decrease in production at Minera Antamina contributing to this drop.
  • Silver production decreased by 5.8% to 260,029 kilograms in January.
  • The government also reported increases in molybdenum output (+12.9% to 1,549 tons), lead production (+24,078 tons), tin output (+3.2% to 3,456 tons), and iron output (+10.6% to 426,964 tons) in January.

Statistics:

  • Gold production in January 2006: 18,556 kilograms (+19.4% compared to January 2005)
  • Copper production in January 2006: 88,307 tons (+9.2% compared to January 2005)
  • Zinc production in January 2006: 83,832 tons (-20.5% compared to January 2005)
  • Silver production in January 2006: 260,029 kilograms (-5.8% compared to January 2005)
  • Molybdenum output in January 2006: 1,549 tons (+12.9% compared to January 2005)
  • Lead production in January 2006: 24,078 tons (-10.3% compared to January 2005)
  • Tin output in January 2006: 3,456 tons (+3.2% compared to January 2005)
  • Iron output in January 2006: 426,964 tons (+10.6% compared to January 2005)

Sources:

  • Dow Jones Commodities News (Dow Jones via Comtex, April 07, 2006)
  • Dow Jones Newswires (April 07, 2006, 1328ET)

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