Friday, 3rd September 2004 (3300 views)

Peru's output of gold, zinc and iron declined in July, while copper and silver production increased in the month, the Energy and Mines Ministry has reported.

Gold output totalled 13,226 kilograms in July, down 15 per cent compared with the same month a year before.

The ministry said the decline was tied mainly to weaker production at Minera Yanacocha, due to a reduction in treated mineral, and at Barrick Gold Corp.'s (ABX) Pierina mine, because of lower grade ore.

Copper production, however, rose 23.2 per cent to 79,662 tonnes in July from the same month a year before.

That increase was due to an increase of production at Compania Minera Antamina and the restarting of production at BHP Billiton's Tintaya operation, it said.

Zinc production was 104,631 tonnes in July, down 11.7 per cent from the same month a year earlier, largely because of a reduction in production at Antamina.

Silver production in July was 250,616 kgs, an increase of 7.4 per cent from the same period a year before as a number of mines increased output.

Iron production was 171,740 tons in July, down 46.4 per cent from the same month a year before, as one large iron miner was hit by a strike, the government added.

Tin output was 3,520 tons in July, up 5.2 per cent from the same month in the previous year.

 

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