Make Kitco Your Homepage

Gold production in Peru down 6.8% in January

Kitco News

Editor note Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) - According to the Ministry of Energy and Mines of Peru (MINEM), gold production in Peru, the world’s tenth largest gold producing country, was 7,319 kg in January 2023, down 6.8% compared to 7,850 kg mined in January 2022.

MINEM said that this negative performance was primarily due to the lower production reported by Compañía Minera Poderosa S.A. (-6.9%), Minera Yanacocha S.R.L. (-23.6%) and Compañía de Minas Buenaventura S.A.A. (-11.8%).

At the company level, Compañía Minera Poderosa S.A. maintained its first position accounting for 9.1% of total gold production in Peru, followed by Minera Yanacocha S.R.L. (7.5%) 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, followed by Arequipa (21.6%) and Cajamarca (21.2%).   

Soma resumes mining operations at its El Bagre gold complex in Colombia

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.