(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 276,693 kg in December 2022, a decline of 6.4% compared to 295,622 kg mined in December 2021.
MINEM said that this negative performance was primarily due to the lower production reported by Compañía Minera Antamina S.A. (-32.4%) and Compañía Minera Ares S.A.C. (-40.8%).
At the company level, Compañía Minera Antamina S.A. was the largest silver producer in Peru accounting for 16.4% share of the country’s total silver production, followed by Compañía Minera Ares S.A.C. (7.8%) and Volcan Compañía Minera S.A.A. (6.7%).
At the regional level, Áncash maintained its first position accounting for 20.8% share of Peru’s total silver production, followed by Pasco (20.2%) and Junín (14.4%).
MINEM also reported that in 2022, Peru produced 3,079,790 kg of silver, which is a decline of 7.6% compared to 2021 (3,333,632 kg).
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