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Gold production in Peru down 7.4% in May, ministry reports
According to the Ministry of Energy and Mines of Peru (MINEM), gold production in Peru, the world’s tenth largest gold producing country, was 7,688 kg (247 koz) in May 2023, down 7.4% compared to 8,299 kg (267 koz) mined in May 2022. MINEM said that this negative performance was primarily due to the lower production reported by Compañía Minera Poderosa S.A. (-28.4%), Compañía de Minas Buenaventura S.A.A. (-23.6%) and Minera Yanacocha S.R.L. (-12.2%). At the company level, Compañía Minera Poderosa S.A. maintained its first position accounting for 8.8% of total gold production in Peru, followed by Minera ... (full story)