Peru Mining

[Lone Clone]

Gold production in Peru up 10% in October – report

https://www.kitco.com/news/article/2023-12-14/gold-production-peru-10-october-report

By Vladimir Basov

Published:
Dec 14, 2023 - 12:22 PM

Updated:
Dec 22, 2023 - 12:31 PM

(Kitco News) – According to the Ministry of Energy and Mines of Peru (MINEM), gold production in Peru, the world’s tenth largest gold producing country, was 9,655 kg (310 koz) in October 2023, up 10% compared to 8,777 kg (282 koz) mined in October 2022.

MINEM said that this positive performance was primarily due to increased production recorded by Boroo Chilca (+142.2%), Minera Yanacocha (+43.2%) and Minera Veta Dorada (+20.2%).

At the company level, Minera Yanacocha (owned by Newmont) sits first accounting for 9.0% of total gold production in Peru, followed by Compañía Minera Poderosa (8.4%) and Consorcio Minero Horizonte (6.4%).

At the regional level, La Libertad kept the first position accounting for 33.0% of Peru’s total gold production, followed by Arequipa (22.0%) and Cajamarca (20.0%).

The ministry also reported that gold production in Peru amounted to 80,972 kg (2.6 million ounces) in January-October 2023, up 1.3% compared to January-October 2022 (79,908 kg or 2.57 million ounces).

This increase was due to higher levels of production reported by Boroo Chilca (+38.0%), Minera Veta Dorada (+15.8%), Minera Yanacocha (+14.9%) and Consorcio Minero Horizonte (+8.6%).