Red snapper (Lutjanus peru) fishery was analyzed from landings and catch re
cords. Stock age structure was reconstructed after the parameter values of
the von Bertalanffy growth model, the length-weight relationship, ages and
the natural mortality coefficient through each of nine years of catch recor
ds. The Fisat software package was applied to assess population parameters,
whose estimates are, for the von Bertalanffy growth model, K = 0.1442 to 0
.38; to = -0.2; L = 87 cm; W = 9.4 Kg, and the natural mortality coefficien
t (M) after several methods (0.14 to 0.38). Cohort size was assessed by the
virtual population analysis (VPA), estimating population size in 5.2*10(6)
fish with a biomass of 8 454 tonnes. Current fishing mortality F, ranges f
rom 0.06 to 1.13, depending upon the chosen M value; according to this, whe
n the M value used is low, the results suggest that the stock is underexplo
ited, and vice versa. The yield per recruit model applied suggests improvem
ents to the management strategy. The model indicates recruit overfishing be
cause very small fish are the main target (tc less than or equal to 1), nea
rly 50 % of fish caught are immature and under one year of age. Optimum yie
ld levels correspond to first catch age of 2 to 3 years and a fishing morta
lity of F = 0.35, suggesting the need of limiting small fish catch of to a
minimum of 2 year old specimens.