Silver production gains in Peru, Gold dips
For the January-December 2012 period the total silver production was 3,479 mt or a 1.8% increase from the same period a year earlier.
Silver production in Peru climbed by 1.7 percent during December while Gold and copper output dropped.
Peruvian Mining ministry said silver production in December was 305,443 mt or 1.7% more than in the same month a year earlier while gold production was 12.8 mt, down 9.2 percent.
The decline was led by the country biggest gold mine, Newmont Mining-owned Minera Yanacocha, where production in December was 2.3 mt or a 33% decline from the same month the previous year.
For the full year, production in 2012 was 161.3 mt, or a 2.9% decline from the previous year, the ministry said without citing a specific reason for the annual decline.
Silver production hike was aided by improved output of 41.5 mt at Cia. de Minas Buenaventura, the leading precious metals local miner, which is 13.6% of the monthly total.
For the January-December 2012 period the total silver production was 3,479 mt or a 1.8% increase from the same period a year earlier.
Production of copper by all companies operating in Peru fell in December to 120,498 mt, down 1.8% than the same month of 2012.
But, copper production for January-December 2012 period was 1,298,564 mt or 5.1% more than in the previous year, the ministry said without giving a reason for the variation.
Sumber : Google
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