SOURCE: Century Capital Research

June 15, 2012 08:00 ET

Peru: An Emerging Power in the Global Gold Hunt

NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research

NEW YORK, NY--(Marketwire - Jun 15, 2012) - Peru has a rich precious metals history. This diverse Andean nation, once a victim of Spanish looting, is now the largest silver producer in the world, the second largest copper and zinc producer and the sixth largest gold producer.

The richness of its mineral deposits stems from a dramatic landscape consisting of soaring mountains, valleys, deserts, jungles and long coastlines. More than 7% of global mining exploration occurs on this terrain, where historical production collides with modern geological technology. The Peruvian mining industry represents about 60% of the country's export earnings. Earnings from mining are expected to grow 6% annually through 2011-13 mostly driven from large mining outfits like Newmont Mining (NEM), Barrick (ABX) and smaller upstarts like The Graystone Company (PINKSHEETS: GYST).

Most recently, Graystone has acquired two areas of production totaling over 2900 acres in Peru with estimates of over $132,000,000 worth of gold deposits.

This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Century Capital Research one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.

Contact Information