Make Kitco Your Homepage

Copper production in Peru up 8.3% in October, ministry says

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), copper production in Peru, the world’s second largest copper producing country, amounted to 232,464 tonnes in October 2022, up 8.3% compared to October 2021 (214,623 tonnes).

MINEM said that this positive performance was mainly due to higher production by major local copper mining companies, including Sociedad Minera Cerro Verde S.A.A. (+7.0%), Southern Peru Copper Corporation (+3.9%) and Minera Las
Bambas S.A. (+7.5%).

The ministry noted that in October 2022, Southern Peru Copper Corporation (produced 32,879 tonnes of copper), Marcobre S.A.C. (12,024 tonnes) and Hudbay Peru S.A.C. (10,561 tonnes) registered their highest levels of production so far this year.

At the company level, Compañía Minera Antamina S.A. is first with a 20.1% share in total Peru’s copper output, followed by Sociedad Minera Cerro Verde S.A.A. (19.2%) and Southern Peru Copper Corporation (14.1%).

MINEM added that at the regional level, Áncash is first with a 20.3% share in the country’s total copper production, followed by Arequipa (19.4%) and Apurímac (10.7%).

Equinox Gold announces sale of Solaris Resources shares for C$70.4 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.