Peru's copper output expanded 2.1% last July over the same month in 2016, mostly underpinned by activities at Las Bambas and Toromocho mines, Central Reserve Bank (BCR) reported.
According to the issuing entity, Toromocho's copper
production reached 15,000 fine metric tons (FMT), whereas Las Bambas registered a total of 41,000 FMT.
also experienced a 2.5% rise in the analyzed month.
The positive outcome was explained by the start of operations at Tambomayo mine (Arequipa region), as well as higher production at Poderosa's unit in Pataz district (La Libertad region).
Nonetheless, production continued to decline at Yanacocha and Barrick.
production grew 7.1%, driven by greater dynamism at Antamina resulting from higher international prices.
Higher molybdenum output (20.8%) was also registered in the said month due to greater extraction at Cerro Verde, Las Bambas,
Within this framework, iron (+14.6%), tin (+1.6%) and silver (+2.8%) also saw positive growth rates.
Nevertheless, plum output slid 5.6%.