TABLE-Peru gold output in October rises for first time in a year

viernes 5 de diciembre de 2014 12:48 GYT
 

LIMA Dec 5 (Reuters) - Gold production in Peru rose 8.9 percent in October from the same month a year ago, the first increase in more than a year on soaring output from its Yanacocha mine, the energy and mines ministry said on Friday.

Yanacocha reported a 63 percent year-on-year increase in its gold production in October. The aging mine, Peru's biggest gold producer, is owned by Newmont Mining Corp and its junior partner Buenaventura .

At the same time, copper output slipped 1.77 percent in October versus the same month a year ago, a slower rate of decline than in prior months.

Antamina, Peru's top copper miner, reported a 35 percent year-on-year drop in its output of the red metal in October as it continued to find weak mineral grades.

Antamina is owned by BHP Billiton , Glencore Xstrata, Teck and Mitsubishi Corporation .

The Peruvian government said in September that it was expecting a 20 percent drop in gold production in all of 2014 and a 9 percent rise in copper output.

In the first 10 months of the year Peru registered a 12.54 percent drop in its gold output and a 2.15 percent increase in copper production from the same period in 2013.

Peru is the world's fifth biggest gold producer and third leading copper and silver producer.

Below are mineral output figures for October.   Continuación...