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Peru Remains World's Top Silver Producer

Written By Luke Burgess

Posted February 2, 2010

Production of gold, silver, and copper in Peru increased during 2009, while output of other base metals declined, according to Peru’s Ministry of Energy and Mines.

Gold production in Peru increased 1.41% to 6.4 million ounces. Meanwhile, Peruvian silver production increased 4.56% to 136 million ounces, and copper output rose 0.54% to 45 million pounds.

Peru is the world’s top producer of silver and ranks as the third largest copper producer and sixth largest gold producer. Other base metal production fell in Peru last year. Below is a table with annual metal production data from Peru:

 Metal 2009 Production
 Change from 2008
 Gold 6.4 million ounces +1.41%
 Silver 136 million ounces
 Copper 2.8 billion pounds
 Zinc 3.3 billion pounds
 Lead  667 million pounds
 Tin 83 million pounds  -3.93%
 Iron 9.7 billion pounds  -14.38%
 Molybdenum 27 million pounds

As the Peruvian mining industry continues to expand, there will be a growing need for more energy. My colleague, Sam Hopkins, recently returned from the country where he got a first hand look at Peru’s growing wind energy projects. To learn about Sam’s Peruvian adventure — and two wind energy companies he believes will return expect upwards of 60% in short order — check out his latest report.

Luke Burgess
Editor, Wealth Daily
Investment Director, Hard Money Millionaire