Peru could double its exploration investment by 2027 if it strengthens sector conditions and establishes clear, predictable rules. Adán Pino, president of the 15th International Congress of Prospectors and Explorers (proEXPLO 2026), emphasized this point, noting that improved stability and faster permitting processes would allow the country to make a major leap in mining exploration.
Southern Region Drives Current Growth
Recent assessments of Peru’s mining investment performance highlight the southern region as the primary engine of sectoral growth. Moquegua leads with US$ 538.5 million, followed closely by Arequipa (US$ 509.1 million), Ica (US$ 427.9 million), and Apurímac (US$ 416.6 million). These regions benefit from large-scale operations such as Cuajone, Quellaveco, Cerro Verde, and Las Bambas. Furthermore, pipeline projects continue to advance steadily through their execution phases.
Áncash, Junín, and La Libertad also maintain strong momentum, supported by established operations and ongoing infrastructure expansion.
Stability and Faster Permits as Catalysts
Pino explained that Peru could transform its exploration landscape if it consolidates a stable legal and social environment while reducing permitting delays. As per the press release, he stated that the country is at a “positive turning point.” He added that doubling exploration investment over the next three years is achievable if regulators ensure long-term stability and continue accelerating approvals. This progress is essential to maintaining Peru’s competitiveness within the region.
Key Industry Players Lead Investment
On the business front, investment remains highly concentrated among leading companies. Southern Peru Copper Corporation tops the list with US$ 364.8 million invested between January and September. It is followed by Minera Las Bambas (US$ 340.5 million), Compañía Minera Antamina (US$ 326.3 million), Buenaventura (US$ 270 million), and Cerro Verde (US$ 261 million). Collectively, these five companies represent nearly 40% of total mining investment nationwide.
According to official figures, Shougang Hierro Perú, Anglo American Quellaveco, Minera Chinalco, Compañía Minera Poderosa, and Zafranal also made significant contributions, reflecting active spending on maintenance, exploration, and project development.
Mining Remains Central to National Growth
Pino concluded that these trends reinforce mining’s role as a fundamental pillar of the Peruvian economy. “This shows how a large part of the country’s economic momentum and industrial development continues to rely on mining activity,” he said.
