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Mining industry

Peru's Mineral Production Sees Significant Growth in June 2006

Strategic Insights

— 1 min read

Peru's output of copper, gold, zinc, and silver saw notable increases in June 2006, according to the Energy and Mines Ministry. The country's mineral production has become a key driver of economic growth, with new mines opening in recent years. The government reported that gold output reached 18,306 kilograms in June, a 7.0% increase from the same month the previous year.

The growth in mineral production was attributed to increased output at various mines, including Barrick Gold Corp.'s Minera Barrick Misquichilca and Southern Copper Corp. Copper production rose 9.0% to 82,838 metric tons in June, while zinc production was up 4.1% from the same month a year earlier. Silver production also saw a significant increase, rising 8.0% from the same period in 2005.

Key Takeaways:

  • Gold output in June 2006 totaled 18,306 kilograms, a 7.0% increase from the same month in 2005.
  • Copper production rose 9.0% to 82,838 metric tons in June from the same month a year before.
  • Zinc production was up 4.1% from the same month a year earlier, led by increased output at Minera Atamina and Compania Minera Volcan SAA.
  • Silver production in June 2006 increased 8.0% from the same period in 2005.
  • Newmont Mining Corp. holds a 51.35% stake in Minera Yanacocha, while Peru's Compania de Minas Buenaventura SAA holds a 43.65% share.
  • The owners of Antamina include BHP Billiton, Falconbridge Ltd, Teck Cominco Corp, and Mitsubishi Corp.

Statistics:

  • Gold output in June 2006: 18,306 kilograms
  • Copper production in June 2006: 82,838 metric tons
  • Zinc production in June 2006: 100,115 tons
  • Silver production in June 2006: 285,208 kilograms
  • Molybdenum output in June 2006: 1,105 tons (27.7% decrease from the same month in 2005)
  • Lead production in June 2006: 25,397 tons (2.4% increase from the same month in 2005)
  • Tin output in June 2006: 3,362 tons (7.5% decrease from the same month in 2005)
  • Iron output in June 2006: 356,567 tons (13.5% decrease from the same month in 2005)

Sources:

  • Dow Jones Commodities News via Comtex
  • Energy and Mines Ministry of Peru
  • Robert Kozak, Dow Jones Newswires

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