Peru is Latin America’s Leading Gold Producer

0

The total of gold exportation in the first eight months of 2017 added up to 5,164 billion dollars.

Peru maintained its position as the leading gold producer in Latin America, as well as the world’s sixth largest in 2017, informed Xinhua News.

With a total production of 151 tons of gold last year, the National Society of Mining, Petroleum, and Energy (SNMPE), gave this information about Peru’s production of the precious metal.

“In the case of silver, Peru was the second-largest global producer last year, right behind Mexico, with a total production of 4,304 tons”, Xinhua News reported.

The Inca country is known for producing metals on a large scale. Also, over 60% of the exportation the country makes comes from the mining industry. Only in the first eight months of 2017, mining exports added up to a sum of 16,698 billion US dollars, which translates into up 24 percent year-on-year.

Other metals, like copper, have also done well in the exportation market. Copper totaled 8,252 billion dollars in the same period mentioned above, and gold reached 5,164 billion dollars. These numbers translate into 35 and 7 percent respectively from the same period in 2016, said Xinhua News.

Don’t Miss:

Mining Projections for 2018

Grossheim Needs to Attract Investments to the Mining Sector

(Source)
(Cover Photo Wikimedia Commons)

Related Post

Comments

comments

Ermelinda Maglione

Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.