Andina

Peru relies on great potential for gold, silver industries

15:23 | Lima, Feb. 1.

Peru could strengthen its position among the world's five-largest gold and silver producing countries, if it places value on these metal reserves, private-run National Society of Mining, Oil, and Energy (SNMPE) affirmed Thursday.

According to SNMPE, the Inca country is —currently— the largest gold-producing nation in Latin America and the sixth in the world, with an annual production of 153 tons.

Likewise, the guild noted Peru relies on great potential, as it hosts gold reserves estimated at 244 million ounces (6,915 tons).

It must be noted main gold producing countries are China, Australia, Russia, the United States, Canada, and Peru.

Silver output

Similarly, Peru is the second-largest producer of silver in Latin America and the world, with an annual production exceeding 4,375 tons.

In this sense, Peru's silver reserves are estimated at 8.604 billion ounces (243,000 tons).

Within this framework, Mexico, Peru, and China stand out as leading producers of said mineral.

SNMPE also pointed out "the current metal prices are an incentive to place value on the country's great potential for gold and silver industries."

(END) MMG/JAA/MVB

Published: 2/1/2018
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