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Silver production in Peru down 11.2% in August - report

Kitco Media
By Vladimir Basov
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(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 270,286 kg in August 2022, a decline of 11.2% compared to 304,458 kg mined in August 2021.

MINEM said that this negative performance was primarily due to the lower production reported by Compañía Minera Antamina S.A. (-6.8%) and Compañía Minera Ares S.A.C. (-2.4%).

At the company level, Compañía Minera Antamina S.A. was the largest silver producer in Peru accounting for 17.5% share of the country’s total silver production, followed by Compañía Minera Ares S.A.C. (8.3%) and Volcan Compañía Minera S.A.A. (7.0%).

At the regional level, Áncash maintained its first position accounting for 22.0% share of Peru’s total silver production, followed by Pasco (19.3%) and Junín (14.8%).

Kitco Media

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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