Gold Production Increased 5.09% in Peru During March - Gold Investment Ideas - Where To Invest Your Money TipsGold production was 13 million fine grams 757.863 in March 2012, exceeding by 5.9 percent than the same month of 2011 (13 million 91.570 grams fine), reported the Ministry of Energy and Mines (MEM) .
The March result is explained by the increased production of SMRL El Rosario de Belen (507 percent) Arasi (55 percent), Golden Vein Mining (39 percent) and Minera Yanacocha (27 percent).
Meanwhile, there was a decrease in Titan Mining Peru's Compania de Minas Buenaventura and 20 and 16 percent respectively.
According to the Directorate of Mining Promotion of the Mining Department of the MEM, the cumulative production of gold in the first quarter of 2012 is 919.634 41 million fine grams, 7.56 percent more than the same month previous year (38 million grams 973.587 fine).
Meanwhile, silver production increased by 11.65 percent in March to add fine 298.487 kilograms, while in the same month of 2011 that production amounted to 267.352 pounds fine.
This is explained by the increases reported Casapalca Mining (255 percent), Minera Antamina (60 percent), Administrator Hill (39 percent) and Minera El Brocal (37 percent), among others.
Production of Mining and Minera Argentum The Quenuales decreased in 11 and seven percent respectively.
Between January and March cumulative production of silver is 852.631 fine kilograms, an increase of 2.99 percent than the same period of 2011, which was fine 827.914 kilograms.
Tin production by producing the only mining company, Minsur, had a decline of 6.58 percent, from 2.456 to 2.294 metric tons of fine (TMF) in the months of March, 2011 and 2012.
The cumulative production of coal in the first three months of the year is 6.608 TMF, down 2.63 percent in the same period of 2011, which was 6.787 TMF.
Production of tungsten by Dynacor Exploration of Peru, was 45 TMF, down 28.16 percent at March 2011 (62 TMF).
The cumulative production of coal in the first three months of the year is 130 TMF, down 25.58 percent than the same period of 2011 (175 TMF).