Silver production in Peru down 9.8% in March 2022, ministry says
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
(Kitco News) - According to the Ministry of Energy and Mines of Peru (MINEM), silver production in Peru, the world’s third largest silver producing country, was 241,446 kg in March 2022, a decline of 9.8% compared to 267,681 kg mined in March 2021.
MINEM said that similarly, production during the first quarter showed a contraction of 6.6%, due to the lower production reported by Compañía Minera Ares S.A.C. (-3.1%), Minera Chinalco Peru S.A. (-9.4%) as a result of the shutdown of its plant for equipment maintenance that took place from March 26 to April 4; and by Compañía de Minas Buenaventura S.A.A. (-50.0%).
At the company level, Compañía Minera Antamina S.A. was the largest silver producer in Peru accounting for 17.9% share of the country’s total silver production, followed by Compañía Minera Ares S.A.C. (8.8%) and Volcan Compañía Minera S.A.A. (7.7%).
At the regional level, Áncash maintained its first position accounting for 22.3% of Peru’s total silver production, followed by Pasco (19.6%) and Junín (15.9%).
|Trevali posts quarterly net income increase on higher zinc prices, production down in Q1|