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Wednesday 3 November 11:52 PM
Peru's Sept Gold And Zinc Output Falls; Copper RisesLIMA (Dow Jones)--Peru's output of gold and zinc fell in September, while production of copper and silver rose, the Energy and Mines Ministry said Wednesday. Gold output totaled 13,832 kilograms in September, down 18.2% compared with the same month a year before. The ministry said the decline was tied mainly to a 16% drop in production at Minera Yanacocha SRL and a 67% drop at Barrick Gold Corp.'s (ABX) Pierina mine due to lower grades of ore. Zinc production was 88,143 tons in September, down 25.5% from the same month a year earlier. The ministry said that this was mainly due to weaker production at Compania Minera Antamina. Copper production, however, rose 38% to 91,343 tons in September from the same month a year before. That increase was due to rising production at Antamina and at BHP Billiton's (BHP) Tintaya operation, the government said. Silver production in September was 255,670 kgs, an increase of 9.2% from the same period a year before as a number of mines increased output. Among some of the other minerals, the government said that lead production was 26,117 tons in September, an increase of 6.5% from the same month in the previous year. Tin output was 3,383 tons in September, up 2.8% from the same month in the previous year. Minera Yanacocha is run by Newmont Mining Corp, (NEM) while Buenaventura SAA (BVN) also holds a large stake. -Robert Kozak, Dow Jones Newswires; 511-221-7050; peru@dowjones.com
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