Peru’s Silver Production Surged Early In 2016, Then Suffered Double-Digit Decline in December

Jon Market Commentary, Precious Metals, Silver

While Peru’s silver production surged in the beginning of 2016, it experienced a double-digit decline in December versus the same month last year. Peru is the second largest silver producing country in the world, trailing Mexico by approximately 40 million oz, but now leading third-ranked China by a wide margin.
Peru started off 2016 with a bang by increasing silver production 14% in the first three months of the year:
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The mining production figures in the table (Source: Peru Ministry of Energy & Mines), shows that Peru’s silver production in March increased 10% versus the previous year and nearly 14% in the first three months compared to the same period in 2015.

This post was published at SRSrocco Report on February 27, 2017.