Jun 09, 2014

Peru

Gold
Peru
Admin
1 min
Ranking #5
Peru is the largest gold producing country in South America. In the l...

Peru is the largest gold producing country in South America. In the last decade the country’s mining sector has increased by 400 percent due to large scale gold mining and has become a significant creator of employment within the country. A 2012 World Gold Council report found that between 2000 and 2010 large scale gold mining contributed an average six percent to Peru’s GDP. The country’s relationship with gold is so influential that 14 percent of Peru’s government revenue is provided by gold.

The Yanacocha gold mine in northern Peru is considered to be the second largest gold mine in the world, producing more than $7 billion worth of gold to date.

Gold production – 185.0 tonnes annually                       Population – 30.0 million

Gold consumption –N/A                                                  Gross National Income – $306.9 billion

Unmined gold – 2,200.0 tonnes annually                        Serious conflicts reports – No serious conflicts reported

Gold production as percentage of GNI – 3.32 percent

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