A Major Gold Producing Country. Peru is located on the Western Coast of South America and is the world’s sixth largest gold producer. Mineral resources account for approximately 50% of foreign exchange. Peru is forecast to produce 175 tonnes of gold (5.63 million ounces) in 2005.

Democratic Government. The Peruvian government is composed of an executive branch, a single chamber congress and a judiciary branch. The President and all congress members are directly elected by popular vote every five years.

Stable Exploration and Mining Environment. In the 1990s, the Peruvian government made dramatic improvements to the mining laws and the current rules and regulations are both clear and fair regarding the ownership of mineral rights. Today, most major mining companies have a presence in Peru.

Foreign Investment Encouraged. Foreign investors are allowed to remit abroad (without restrictions) net profits and other proceeds originating from their registered investment as well as proceeds from the transfer of shares, ownership participation or rights, capital reductions and dissolution of companies.