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11/4/10

Peru's mega gold mines aren't so mega any longer

For years, Peru's gold production has been dominated by three mines, namely Yanacocha (NEM and BVN), Lagunas Norte (ABX) and Pierina (ABX). But that's changing fast, as these three charts show.

This shows output at Yanacocha:

This shows the combined outputs of the the two Barrick mines, Lagunas Norte (aka Alto Chicama) and Pierina:

And this one shows the percentage of the three mines' production to Peru's total monthly gold output.
The times they are a changin' and as we've recently seen, Peru is now far more dependent on the dirtiest and ugliest type of gold mining possible...and doesn't give a toss about it, either.