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09 Aug 2018, Gergana Bencheva, EMIS Editor

Peru’s gold production expected to slip over 3% y/y in 2018

Peru’s gold production is expected to fall by over 3% on the year for 2018, M-Brain reported referring to an estimate made by Scotiabank. In comparison, its gold production for 2017 went down by 1.24% year-on-year.

Scotiabank’s forecast for 2019 is gold production in the Latin American country to continue with its downward trend, falling by 2% on an annual basis. The expected decline is explained with the depletion of a number of mines across the country such as the Yanacocha, Lagunas Norte and La Zanja facilities, M-Brain added.

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