📋 Tender Overview
While silver, iron and copper showed more moderate growth. As of May, national mining production registered a notable increase in 6 of the 8 main metals, highlighting tin with an increase of 92.1%, followed by molybdenum with 27.6%, gold with 16.3% and lead with 11.3%. .; while silver, iron and copper showed more moderate growth, according to figures from the Mining Statistical Bulletin (BEM) of the Ministry of Energy and Mines (MINEM).
The increase in the production of our main minerals boosts the economy, generates employment and guarantees a constant supply of essential raw materials for technological innovation and infrastructure development, says the BEM edited by the General Directorate of Mining Promotion and Sustainability.
Along these lines, the accumulated production of tin as of the fifth month of 2024, registered 13,542 TMF, reflecting a significant increase of 92.1% in relation to the equivalent period of 2023; and only in May it registered 2,746 FMT, showing a growth of 7.2% in contrast to what was reported in the same month of the previous year.
Meanwhile, molybdenum production from January to May registered 16,777 TMF, a growth of 27.6% compared to what was reported in May 2023. And only in May its production was 3,762 TMF, which meant a relevant interannual increase of 22.7%.
Meanwhile, gold production reached the accumulated sum until the fifth month of 2024 (43,476,428 fine grams), which showed a growth of 16.3% compared to the same period in 2023. And only in May, the metal registered an increase of 4.5% compared to the same month of the previous year.
Regarding lead production, 114,185 TMF were recorded in the accumulated as of May 2024, reflecting an increase of 11.3% compared to the same period of the previous year. While in May alone, 24,739 FMT were achieved, an increase of 19.8% in contrast to what was registered in May 2023.
Likewise, the accumulated production of silver registered a growth of 10.6% compared to what was achieved in the same period of 2023; Meanwhile, iron registered an increase of 9.3% compared to the same period last year and copper accumulated a slight growth of 0.005% compared to the same period of the previous year.
