Overview
- Mining exports reached US$35.608 billion from January to August, up 16.2% year over year, with copper at US$16.438 billion and gold at US$13.471 billion.
- August mining exports totaled US$4.993 billion, as copper values rose on a 25% price increase despite a 14.4% volume drop, and gold benefited from a 36.2% price rise and a 3.4% volume gain.
- Cumulative mining investment hit US$3.343 billion through August, up 12.8%, including US$520 million in August, led by exploration and infrastructure outlays.
- Exploration spending reached US$455 million (+34.5%) and infrastructure US$791 million (+24.2%), with broader gains across equipment, plants, and mine development.
- The BCRP trimmed its 2025 mining investment growth forecast to 6.2% and to 2.4% for 2026, while industry figures warn election dynamics and pending legislation could delay major projects such as Zafranal and Tía María.