Newmont Gold Project Halt Undermines Peru Investment

Bloomberg reported that lower gold output from Peru has prompted several miners to postpone investment in the country.

As quoted in the market news:

Peru’s gold output dropped 21 percent to 163 metric tons last year from 207 tons in 2005 because of a lack of new mines, according to the National Society of Mining, Petroleum & Energy, an industry group.

Click here to read the full Bloomberg report.