According to Peru’s Ministry of Energy and Mines, the country’s largest primary silver mine saw its production plummet by 54% in this year’s first quarter.
This mine is the Uchucchacua Mine and it is run by Buenaventura. It is the first in Peru and third in the world.
“Buenaventura reported that silver output at the Uchucchacua Mine decreased during Q1 2019 due to a contractor strike that lasted 21 days and significant rains. However, silver production at Uchucchacua continued to be weak in April, three months after the strike ended” Money Metals website said.
If this situation continues to worsen, there would be a global silver production decline in 2019, according to the aforementioned website.
(Cover Photo Pixabay)
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