Production by Peru's metal mining sector grew 8.8% during the first quarter of 2024 over the same period last year, driven by higher production of all metals, a base effect, and the leap year, the
In March, the sector rose 4% compared to the same month last year due to greater extraction of molybdenum, zinc, gold, and copper.
Copper yield rose 0.9% year-on-year due to higher production by most mines.
Meanwhile, gold yield increased 7.6% year-on-year in March driven by Boroo Misquichilca, as well as by Constancia and Poderosa mines due to increased processing of this mineral.
In that same month, zinc production increased 8.7% due to greater extractive activity at El Brocal and Buenaventura.
Molybdenum yield grew 16.8% associated with the startup of production at Quellaveco, as well as greater production at Southern Peru and Antamina.
Lastly, iron extraction experienced an increase of 7.3% due to greater production by Shougang, while that of tin rose due to the base effect of social conflicts registered in 2023.