Production of the hyperon through the reaction has been investigated at four energies close to threshold, , and GeV. At low energies, correlated pairs can only originate from production so their measurement allows the total cross section for the reaction to be determined. The results obtained are completely consistent with the values extracted from the study of the -proton correlation spectra obtained in the same experiment. These spectra, as well as the inclusive momentum distributions, also provide conservative upper limits on production rates. The measurements show a production cross section that varies roughly like phase space, and, in particular, none of the three experimental approaches used supports the anomalously high, near-threshold total cross section previously reported [T. Rożek et al., Phys. Lett. B 643, 251 (2006)].