Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.
Shares in Vancouver firm up 12% after parent Rio Tinto and Mongolia sign landmark deal to fund $5 billion underground expansion of giant copper-gold mine.
Arispe and Carrión highlight the mining-friendly government, the new production from many sources and point to several juicy projects that lack only the means to further unlock Peru's mineral riches.
In this interview with The Gold Report, he suggests some companies with resources that not only make sense but could make even more sense to larger companies.
The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.