This year, GBR's interviews for its annual Peru Mining 2025 report kicked off with optimism, and everyone says they are working as they never did in the hot summers of Lima. Rising commodity prices and a 2024 resolution allowing producers to scale up operations by up to 10% seem to have injected fresh energy into an industry that had been stagnant, to say the least.

Meanwhile, the junior segment, which once thrived but later struggled due to local and global factors, is also riding this wave of optimism. Many exploration CEOs report progress on their biggest hurdle: permitting.

Still, Peru faces challenges, and ignoring them would be unrealistic. Interviewees acknowledged the uncertainties of a pre-election year. While everyone hopes for the best, it is too early to predict the outcome. That is why the upbeat tone from industry leaders feels like a much-needed breath of fresh air.

Featuring insights from nearly 50 mining executives, the PDAC pre-release version of GBR's Peru Mining 2025 sheds light on the industry's current state while highlighting the country's window of opportunity with the energy transition and copper's critical role.