Peru’s $7.2 billion investment portfolio in gold projects will be showcased at the 13th International Gold and Silver Symposium. Organized by the National Society of Mining, Oil and Energy of Peru (SNMPE), the symposium takes place May 29-31 at the Westin Convention Center in Lima.
Peru produced 151 tons of gold in 2017 and has potential yet to be developed with a portfolio of projects located in different regions of the country, such as Cajamarca, La Libertad, Moquegua, Pasco and Puno.
The SNMPE noted two projects ready to enter the construction stage, Quecher Main and Conga (both in Cajamarca), which represent an investment of $300 million and $4.8 billion, respectively. Also, there are new projects such as San Gabriel ($450 million) in Moquegua, Quicay II ($400 million) in Pasco, and Ollachea ($178 million) in Puno.
The SNMPE also discussed several expansion projects such as Lagunas Norte ($640 million), Santa María ($114 million) and La Arena ($130 million), which are located in La Libertad. Meanwhile, the expansion of the Shahuindo gold project in Cajamarca has an expected investment of $109 million.
Finally, the SNMPE reported that Peruvian gold exports amounted to $7.98 billion in 2017, which allowed this precious metal to hold its stance as Peru’s second main export. Learn more about Peru’s precious metals industry by visiting: http://www.simposium-del-oro.snmpe.pe/index-english.html