LIMA – Peru reported higher output of several metals in January, including a 12 percent rise in silver production, although copper output was unchanged from the first month of 2014, the Energy and Mines Ministry said.
Thursday’s report from the ministry’s Mining Promotion Department also said production of several other metals – zinc (12.6 percent), lead (16 percent), gold (1.9 percent), iron ore (13.7 percent) and molybdenum (24.5 percent) – was higher in January.
Tin production, however, plunged 36 percent due to the gradual exhaustion of resources at the country’s only tin mine, San Rafael, located in the southern region of Puno.
Tin output in Peru, the leading producer of that metal in Latin America and the third-biggest worldwide, fell to 1,286 metric tons in January.
Copper production amounted to 111,893 tons in January, virtually unchanged from the same month of last year. Peru is the world’s third-leading producer of the red metal.
Production by the Antamina mining company continued to decline and came in at 28,371 tons, due to a drop in output in areas with low ore grades, the report said.
Southern Peru Copper Corporation produced 27,265 tons, while Cerro Verde’s output was 16,140 tons.
Silver production, meanwhile, rose 12 percent in January to 9,895,535 fine ounces, consolidating Peru’s position as the second-leading producer of that metal in Latin America and third-biggest worldwide.
The report attributed that result to greater production at the Buenaventura mine and at the Antamina mine, Peru’s biggest.