Peru holds 5% of the world's gold reserves, whose optimization will generate economic benefits and improve Peruvian citizens' life quality, 13th International Gold & Silver Symposium Organizing Committee Chair Manuel Fumagalli affirmed.
In this sense, Fumagalli pointed out the Inca country also hosts 24% of the planet's silver reserves
According to him, the Andean nation's main challenge is to place value on the large gold and silver reserves.
Fumagalli also remarked both the private sector and the Government have expressed interest in working jointly on mining sector investment
"Mining is still a growth engine for the national economy. This activity is key to increasing not only reserves but also benefits for the country," he added.
In addition, Fumagalli highlighted the increase in demand for precious metals by the industrial sector
remains a reserve metal, the industrial activity is demanding gold
and silver for the manufacturing of electronic products such as smartphones, as well as for nanotechnology in the health sector, and solar panels with gold particles in the energy sector," he concluded.