The worldwide resource market experienced a significant downturn during the late 1990s and early years of the new millennium. An eventual rise in the price of gold combined with a market surge in the resource sector resulted in many mid-to-larger sized exploration companies looking to high-quality opportunities in South America.
Peru, in particular, had been suspected of containing plays with very high performance potential due to reports identifying high sulphidation systems. Combined with the country’s low production costs, Peru has today become one of the world’s most sought-after gold targets.
Forrester' acquisitions of properties in Peru heralds the Company’s belief in the country’s rich mineralization potential. With the in-country expertise of Forrester’s key management personnel, Forrester is strongly positioned to maximize our relationships on the ground and the potential mineral harvest beneath it. Forrester intends to exploit our considerable in-country advantage to advance our project generation program and acquire further quality exploration projects in Peru.
Fast Facts About Peru
Location: A coastal country bordering the Pacific Ocean in western South America, between Chile and Ecuador.
Population: Approximately 30.3 million (2013)
Area: (in square kilometers)
Climate: Varied: tropical in the East; dry desert in the West; temperate to frigid in the Andes.
Natural Resources: copper, silver, gold, petroleum, timber, fish, iron-ore, coal, phosphate, potash, hydropower, natural gas.
GDP: US$202.3 Billion (2013)
Languages: Official: Spanish and Quechua
Government: Constitutional Republic
Industries: mining of metals, fishing, petroleum, textiles, clothing, food processing, cement, steel, auto assembly, ship building, metal fabrication
Currency: 1 nuevo sol = 100 centimos = 0.35 USD