Peru relies on gold mining investment portfolio worth US$7.221 billion

17:53 | Lima, May. 9.

Peru relies on an investment portfolio containing gold mining projects worth US$7.221 billion, private-run National Society of Mining, Oil, and Energy (SNMPE) reported Wednesday.

Peru's gold mining activity —which accounts for 5% of the world's production of this precious metal (151 tons in 2017)— has a potential yet to be developed.

The said portfolio comprises mines located in Cajamarca, La Libertad, Moquegua, Pasco, and Puno regions.

Among the ventures to enter construction phase, Quecher Main and Conga (Cajamarca region) stand out. They entail investments worth US$300 million and US$4.8 billion, respectively.

Likewise, SNMPE mentioned new projects such as San Gabriel in Moquegua region (US$450 million), Quicay II in Pasco (US$400 million), and Ollachea in Puno (US$178 million).

Finally, the guild reported that gold shipments amounted to US$7.979 billion in 2017, which allowed this precious metal to position itself as Peru's second-most-important export product.


Published: 5/9/2018