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Gold production in Peru down 2.8% in July, ministry says

Kitco Media
By Vladimir Basov
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(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 7,961 kg in July 2022, a decline of 2.8% compared to 8,187 kg mined in July 2021.

MINEM said that this negative performance was primarily due to lower production recorded by Compañía Minera Poderosa S.A. (-11.9%) and Minera Yanacocha S.R.L. (-9.0%).

At the company level, Compañía Minera Poderosa S.A. maintained its first position accounting for 9.8% of total gold production in Peru, followed by Minera Yanacocha S.R.L. (8.9%) and Minera Aurífera Retamas S.A. (7.0%).

At the regional level, La Libertad kept the first position accounting for 33.1% of Peru’s total gold production, followed by Cajamarca (21.1%) and Arequipa (18.5%).

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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