Peru contains 5% of the world’s gold reserves, estimated at 56,000 metric tons, which makes it the country with the world’s sixth-largest reserve of this metal, the Peruvian National Society of Mining, Petroleum and Energy (SNMPE) informed.
Peru holds about 2,800 metric tons of gold, according to estimates by the U.S. Geological Survey.
Australia leads the ranking with 9,100 metric tons, followed by Russia with 8,000, Africa with 6,000, the United States with 3,000 and Indonesia with 3,000.
Out of the 3,000 metric tons of gold production worldwide in 2015, Peru accounted for 4.8% (145 tons), which places it sixth in the global ranking.
It is worth noting the 145 metric tons produced last year surpassed by five tons the amount recorded in 2014.
In 2015, China was the world’s largest producer of the metal with 490 tons, followed by Australia with 300, Russia with 242, the United States 200 and Canada 150.
Gold Symposium in Lima
The future of Peru’s gold mining will be assessed at the 12th International Gold Symposium, set to take place from May 17-18 in the capital city, Lima.
Mining investment opportunities and plans in Peru and around the world will be the subject of discussion at the roundtable: Gold Mining Expectations.
The event will feature prominent executives such as Barrick Gold Corp. President Kelvin Dushnisky, Codelco President and CEO Nelson Pizarro, World Gold Council CEO Aram Shishmanian and, Minas Buenaventura Chairman and CEO Roque Benavides, among others.
(END) CNA/JJN/RMB/MVB
Published: 4/14/2016