Colombia provides a unique opportunity for gold exploration. Formerly the largest gold producer in South America, the country has produced over 80 million ounces of gold. Civil unrest prevented the country from experiencing the exploration boom of the 1980s that propelled Peru and Brazil to become major gold producers. Improved security conditions since 2002 under the Democratic Security Policy of the administration of former Colombian Government have allowed a new wave of modern exploration. At the same time, Colombia´s cities have prospered and developed into modern business hubs complete with the high standard of infrastructure and services that exploration and mining companies require.
Mining is a significant sector in the Colombia economy and one of the country´s largest export sectors. There is a variety of minerals, including gold, nickel, silver, platinum, copper and uranium, in mines throughout the country. Colombia is the largest exporter of high quality emeralds in the world.
Quotes and Statistics on Colombia
“Colombia’s economic performance remains solid. I commended the government’s policy response to the sharp drop in world oil prices by strengthening fiscal policy more than required under the fiscal rule and by tightening monetary policy while allowing the exchange rate to depreciate. The agenda to upgrade infrastructure is a key reform that will improve the country’s prospects over the medium term.”
–Christine Lagarde, Managing Director, International Monetary Fund, February 5, 2016
“Colombia has remained a leader in economic growth in Latin America, and a firm example of sound macroeconomic policies for emerging markets. In the first half of this year, Colombia grew at a rate of 2.9%, in a region that is expected to grow only 0.5% this year. On the domestic front, Colombia’s economic strategy has secured a growing middle-class. In the past five years, 4.5 million Colombians, roughly the population of Ireland, came out of poverty. Employment figures are robust.”
– Hon. Mauricio Cardenas Santamaria, Governor of Banco de la República, Colombia, October 9, 2015