Peru February gold, silver output up; copper down

Production of Peru’s gold, silver and zinc increased slightly in February, while output of copper declined, the government said.

The Mines and Energy Ministry said Thursday that Peru produced 13,125 kilograms of gold in February, up 4.75% from the same month last year.

Silver production in Peru, the world’s second-largest producer of the precious metal, was up 0.07% at 266,157 kilograms, the government said.

Zinc production was 106,025 tons in February, up 0.71% from the year-ago month.

Copper output was down 0.94% in February at 88,559 tons on lower production from Xstrata PLC’s (XTA.LN) Tintaya mine and Sociedad Minera El Brocal SAA (BROCALC1.VL), the government said. Peru is the world’s second-biggest producer of copper after Chile.

Among other minerals, molybdenum output rose 10.57% to 1,427 tons in February, the government said. Lead output increased 21.94% to 20,074 tons.

Iron ore output fell 30.17% to 372,529 tons in February, while tin output climbed 7.85% to 2,219 tons.  - MarketWatch

Posted by admin on Apr 20 2012. Filed under Gold mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry