Andina

Peru: Gold, silver, lead and iron production up as of September 2024

08:09 | Lima, Nov. 26.

The Ministry of Energy and Mines (Minem) reported significant increases in the production of gold (9.7%), silver (16%), lead (8.4%), iron (1.1%), tin (39.5%), and molybdenum (30.8%) from January to September 2024 compared to the same period last year.

The government agency pointed out that this demonstrates the dynamism and resilience of Peru's mining sector in the face of market challenges.

Likewise, metallic mining production of three of the eight main metals showed increase compared to the previous month, as was the case of gold (3.2%), iron (5.6%), and molybdenum (12.8%).

National gold production accumulated through the ninth month of this year registered a 9.7% growth compared to the same period in 2023.

At the mining holder level, Minera Yanacocha (Yanacocha Mining Company) remained the leading producer of the precious metal, accounting for 10.3% of its contribution in Peru.

Meanwhile, cumulative silver production saw a 16% increase compared to 2023 due to production levels at Compañia de Minas Buenaventura (Buenaventura Mining Company).

The Mining Statistical Bulletin (BEM) —crafted by the General Directorate of Mining Promotion and Sustainability at Minem— also highlighted that cumulative lead production expanded by 8.4% compared to the figure reported for the period from January to September 2023.

As for the cumulative national iron production, a 1.1% increase was recorded compared to the same term of the previous year.

Shougang Hierro Peru remained the leading producer of this metal, with a solid share (98.5%).

Lastly, the Minem statistical document indicated that cumulative tin production through September 2024 saw a 39.5% increase compared to the similar period in 2023.

Similarly, molybdenum production grew by 30.8% compared to the figure reported in the same term of 2023.

(END) NDP/MVB

Published: 11/26/2024