Make Kitco Your Homepage

Silver production in Peru down 10.2% in November 2022, ministry says

Kitco News

Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(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 244,462 kg in November 2022, a decline of 10.2% compared to 272,165 kg mined in November 2021.

MINEM said that this negative performance was primarily due to the lower production reported by Compañía Minera Antamina S.A. (-8.5%) and Compañía Minera Ares S.A.C. (-33.1%).

At the company level, Compañía Minera Antamina S.A. was the largest silver producer in Peru accounting for 16.9% share of the country’s total silver production, followed by Compañía Minera Ares S.A.C. (8.1%) and Volcan Compañía Minera S.A.A. (6.8%).

At the regional level, Áncash maintained its first position accounting for 21.5% share of Peru’s total silver production, followed by Pasco (19.7%) and Junín (14.6%).

Australian gold producer Alkane says exceeded production guidance in December quarter

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.