Mining production in Peru is growing steadily. During the first two months of 2024, metals, such as copper, gold, zinc, silver, lead, molybdenum, and tin, registered notable increases over the same period of the previous year, consolidating our country as a world power in mining, the
According to the Mining Statistical Bulletin (BEM), prepared by Minem's Mining Promotion Directorate, Peruvian copper production registered 216,752 fine metric tons (TMF) last February, which reflects a 12.7% increase compared to the amount recorded in the same month of 2023 (192,379 FMT).
This is due to higher production levels reached by Compañía Minera Antapaccay S.A., Anglo American Quellaveco S.A., and Southern Peru Copper Corporation.
In the accumulated period as of February 2024, an improvement of 5.4% was reported in relation to the similar term of the past year.
Regions
Sorted by regions, Moquegua retains first place as copper producer (a share of 17.2%); followed by Arequipa (16.0%); and Ancash (15.7%).
Production
Regarding gold production, a significant 29% increase, compared to February 2023, was reported due to higher production levels at Boroo Misquichilca S.A. and Minera Yanacocha S.R.L.
The accumulated production as of February 2024 grew 27.4% over the same period in 2023.
Meanwhile, silver production experienced a 17% increase compared to the same month in 2023. The accumulated production at the end of the first two months was 16.8% higher than that reached in the same period of 2023.
Regarding lead production, a 28.5% growth was recorded over February 2023.
In turn, molybdenum production experienced a 59% expansion from February last year.
In February 2024, tin production experienced exponential growth compared to the amount registered in the same month of 2023.
Lastly, iron production registered a positive variation of 5.1% over the figure reported in January 2024.