#Latest news with #miningbanBloomberg09-05-2025BusinessBloombergPeru's Emergency Mining Ban to Cost $200 Million in Lost Gold OutputPeruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that's seen an up-tick in criminal activity culminating in the murder of 13 mine workers. The central bank estimates that companies will lose about 60,000 ounces of production in the next 30 days, its chief economist Adrian Armas told reporters Friday. That's worth about $200 million at current prices and represents about 20% of the country's total output in the month of February, the most recent production data available.
Bloomberg09-05-2025BusinessBloombergPeru's Emergency Mining Ban to Cost $200 Million in Lost Gold OutputPeruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that's seen an up-tick in criminal activity culminating in the murder of 13 mine workers. The central bank estimates that companies will lose about 60,000 ounces of production in the next 30 days, its chief economist Adrian Armas told reporters Friday. That's worth about $200 million at current prices and represents about 20% of the country's total output in the month of February, the most recent production data available.
09-05-2025
