Volcán increased its volume of treated ore by 71.6pc in the first half of 2021 compared to the same year-ago period, the Peruvian miner informed in its quarterly earnings report.
In the first six months of the year, Volcán treated 4.07mn mt of ore, compared to the 2.37mn mt in H1 2020. In Q2 2021, ore output increased by 200.6pc to 2.07mn mt from 690,000mt between April and June 2020.
The company also reported a 58pc increase in its H1 2021 zinc production, to 104,300mt from 66,000mt in the first half of last year. In the second quarter zinc output jumped by 184.5pc to 53,100mt from 18,600mt in the same period a year ago.
Volcán’s lead production increased by 58.3pc in the first six months of this year, to 25,600mt from 16,200mt in the first half of 2020. In Q2 201, lead production increased by 167.6pc to 12,700mt from 4,800mt in Q2 2020.
Copper output increased by 66.5pc in January-June to 2,100mt from 1,300mt in H1 2020. The trend remained upward in the second quarter, with an increase of 112.6pc, up to 1,000mt from 500mt in the same period last year.
The company’s concentrates sales in the first half of 2021 increased by 142pc, to $440mn from $182mn in the same period last year. In Q2 2021 they jumped by 354pc to $231mn from $51mn in April-June 2020.
Zinc concentrate sales increased by 112pc in H1 2021, to $204mn from $96mn in the first half of last year. Between April and June of this year the increase was 400pc at $106mn compared with $ 21mn in Q2 2020.
Volcán reported lead concentrate sales at $96mn in H1 2021, up 79pc from $53mn in the same period last year. In Q2 2021 sales rose by 204pc to $38mn from $12mn in the second quarter of last year.
The company’s copper concentrate sales increased by 122pc in the first six months of the year, to $30mn from $13mn in the same period of 2020. For the second quarter of this year sales increased by 178pc, to $16mn from $6mn in Q2 2020.