Make Kitco Your Homepage

Gold production in Peru down 4.1% in June 2022, ministry says

Kitco News

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 latest figures from the Ministry of Energy and Mines of Peru (MINEM), gold production in Peru, the world’s eighth largest gold producing country, was 7,994 kg in June 2022, a decline of 4.1% compared to 8,333 kg mined in June 2021.

MINEM said that similarly, the domestic gold production of 46,278 kg in January-June 2022 period showed a year-on-year decrease of 0.6% primarily as a result of lower production recorded by Minera Aurifera Retamas S.A. (-12.5%) and Compañía Minera Ares S.A.C. (-9.9%).

This was partially offset by higher output by Compañía Minera Poderosa S.A. (+3.2%), a leading domestic gold producer, and Minera Yanacocha S.R.L. (+5.5%).

At the company level, Compañía Minera Poderosa S.A. maintained its first position accounting for 9.8% of total gold production in Peru in June, followed by Minera Yanacocha S.R.L. (9.1%) and Minera Aurífera Retamas S.A. (7.1%).

At the regional level, La Libertad kept the first position accounting for 32.7% of Peru’s total gold production in June, followed by Cajamarca (21.2%) and Arequipa (18.6%).

Victoria Gold reports net income of $17.1 million in Q2, reduces production expectations for 2022

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.