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2/6/13

Peru metals production: Copper up, gold down

As we now have the final scores from Peru's MEM on 2012 production these charts below are nicely up to date and show the story clearly enough. The two main revenue earning products in Peru, copper and gold (that between them provide over 40% of the country's export revenues and we're not just talking metals, we're talking everything) have taken clearly different trajectories over the past few years.


Expect copper production to rise further in FY13, led by the new production from Antapaccay. As for gold, the depletion trend is likely to continue as well.