According to Hoovers...
Silver production in Peru is expected to reach 3,400 tons this year, up from 3,200 tons in 2005, the National Society of Mining, Energy and Petroleum said in a statement Tuesday.
Peru's silver production has risen steadily since 1996 when it was 1,900 tons, the mining society said.
According to the Silver Institute, an international association of miners, refiners, fabricators and wholesalers of silver and silver products, in 2005 Peru was the world's leading silver producer, producing 16% of the total.
XX My question: Have they factored in that Peru has a socialist government prone to nationalize natural resources into the equation? I'm not saying you should run away from Peruvian investments. But caution is warranted, both for investors and anyone making predictions about mine output.
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