Silver Production Grew By 2 Million Ounces This Year

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Most economic sectors in Peru are growing and showing great investment opportunities.

During the first half of this year, silver production in Peru increased by two million ounces compared to the same period in 2016. This was the information revealed by the platform Thomson Reuters Eikon. This growth comes mostly from the Las Bambas mining deposit in Apurimac.

Some of the leading silver producing companies are Buenaventura, Hochschild Mining, Volcan Cia Minera, among others. It is curious to see this result, an elevation in the production of silver in Peru while silver production fell 8 million ounces on a global scale in the first 6 months of 2017 compared to last year, said Dante Aranda, Senior Mining Analyst at Thomson Reuters.

The strongest declines in silver production at a global scale were from Chile, Australia, Guatemala, Bolivia, Argentina and the United States, being Chile the country with the greatest decline, about 6.4 million ounces. Despite the latest statistics published by the Ministry of Energy and Mines, silver production rose in the first half of the year in Peru, +2 million ounces.

Mining activities along with infrastructure projects are the most popular options for investments here in Peru and it is also the country with the biggest reserves in silver in the entire world, you can see more of this information in this article.

This article condenses the expectations for Peru’s growing economy during 2018. Peru continues to prove their ability to provide opportunities for investors and workers.

(Source)
(Cover Photo Flickr)

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Aris Sandrea

A native of Zulia, Venezuela. Aris joins linvinginperu after moving to Lima to work as a content creator. Bachelor’s degree in accountancy and 2 years of experience as a professional article writer and community manager. Watching movies and series, reading books and riding the bicycle is some of his preferred activities. Passionate about the idea of traveling the world to learn more about other cultures. Contact: aris.sandrea@gmail.com