Make Kitco Your Homepage

Silver production in Peru down 7.9% in September - report

Kitco News

Editors Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of todays 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 254,722 kg in September 2022, a decline of 7.9% compared to 276,687 kg mined in September 2021.

MINEM said that this negative performance was primarily due to the lower production reported by Compañía Minera Antamina S.A. (-15.2%), Volcan Compañía Minera S.A.A. (-23.6%), and Compañía de Minas Buenaventura S.A.A. (-15.4%).

At the company level, Compañía Minera Antamina S.A. was the largest silver producer in Peru accounting for 17.4% share of the country’s total silver production, followed by Compañía Minera Ares S.A.C. (8.4%) and Volcan Compañía Minera S.A.A. (6.9%).

At the regional level, Áncash maintained its first position accounting for 21.9% share of Peru’s total silver production, followed by Pasco (19.3%) and Junín (14.8%).

Torex increases gold production in third quarter, generates net income of $43.9 million

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.