The country is also struggling with rising energy cost, which threatens the competitiveness of its copper industry and poses a major challenge for new developments.
The Peña de Oro target at the Vancouver junior's El Barqueño property in Mexico intercepts 45 meters of 4.06 g/t Au with 0.39% Cu and 19 meters of 4.98 g/t Au with 0.26% Cu,
Cajamarca region governor Gregorio Santos was ordered to jail for 14 months amid a corruption probe. Supporters claim he is being target of political repression for opposing Newmont's mine.
Total coal exports, however, fell 13.1% in the quarter, from 17.4 million tons in the first quarter of 2013 to 15.1 million tonnes in the same period this year.