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.
(Cover Photo Wikimedia Commons)
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