Peru's Volcan Sees Higher Zinc, Silver Output

AREQUIPA, Sept. 18 -- Peruvian miner Volcan (VOL_pb.LM) said on Thursday it expects to boost its output of zinc concentrate over the next three years to 800,000 tonnes from 690,000 tonnes.

    The company also said it hopes to increase silver output over the next three or four years to 30 million ounces from 23 million ounces.

    "Currently, we produce 690,000 tonnes of zinc concentrate and we expect to grow 5 percent each year over the next three years to hit 800,000 tonnes of concentrate," Volcan General Manager Juan Jose Herrera said at the 29th biannual Perumin mining convention in Arequipa.

    Lima-based Volcan, which produces zinc, silver, copper and iron, operates in the Andean region of Pasco.

    Peru is the world's second-largest zinc producer and ranks first in silver.

    (Source: Reuters)