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Silver production in Peru down 9.8% in March 2022, ministry says

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(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%).

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