by Steve St. Angelo
With the data now finally out, Peru’s silver mine production collapsed in April. Due to the shutdown of a large portion of Peru’s mining industry, as a result of the global contagion, the impact on the world’s second-largest silver supply was enormous. While I had mentioned in previous articles that I expected to see silver production from Mexico and Peru to decline significantly, I’m amazed actually to see the real numbers.
Over the past several months, I have checked the Peru Ministry of Mines website for updates on the domestic mine supply figures. However, they have not updated their monthly production data since December 2019. I tried writing the Peru Ministry of Mines website to find out why they haven’t been updating their figures, but I received no reply.