The value of gold exports from Peru is likely to reach US$ 9 billion in 2014, due to a better outlook for this year in the conditions of the international mineral price, the National Society of Mining, Petroleum and Energy (SNMPE) said on Monday.
Jose Miguel Morales, SNMPE’s head, noted the Andean nation holds a privileged position for taking advantage of a rising gold price environment projected for the second half of 2014.
“Within this environment exports’ earnings from this sector could match the amount recorded in 2012, thus surpassing US$ 9 billion,” he said in statements to El Peruano official daily.
According to Peru-based bank Scotiabank, the downward pressure on the international gold price is expected to finish, giving way to an upward trend in prices.
In that sense, Morales stressed Peru is top performer in Latin America in terms of gold production with output of 165 metric tons per year, while in the global standing, the Andean nation ranks sixth.
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Published: 4/14/2014