Bloomberg News

Mexico’s Gold Output Rises 18% in January On Penasquito

March 30, 2012

Mexico’s gold output rose 18 percent to 6,616 kilograms (233,372 ounces) in January from a year earlier after Goldcorp Inc. (G) expanded output at its Penasquito mine.

Silver output rose 28 percent to 344,085 kilograms in January, the National Statistics Agency said today in a statement on its website. Copper production jumped 26 percent to 33,828 metric tons, the agency said.

Vancouver-based Goldcorp is expanding gold production at its Penasquito mine by about 68 percent this year, Salvador Garcia, the company’s chief for the country, said March 15.

To contact the reporters on this story: Carlos M. Rodriguez in Mexico City at carlosmr@bloomberg.net;

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net.


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