Step 1

Place all the ingredients in a medium saucepan over medium heat. Stir to combine, and adjust heat to bring to a simmer or low, rolling boil.

Step 2

Continue to cook at a simmer, while stirring often, until the sugar dissolves. Smash the peaches to break them apart, and cook for a total of 10 to 15 minutes.

Step 3

Remove from heat, and pour through a mesh sieve into a heat-safe container.

Step 4

Refrigerate to chill or use immediately. Store leftovers in the refrigerator for up to a week.