Strong Investment Cycle Reinforces Sector Expansion
Mining investment in Peru reached US$6.23 billion in 2025, marking the highest level recorded in the past decade and representing a 24.3% increase compared to 2024. The growth reflects renewed momentum across the sector, particularly in infrastructure development, exploration activities, and the modernization of operational assets. Significant spending on mining equipment and infrastructure toward the end of the year underscores a broader trend of companies strengthening productive capacity and improving operational efficiency across existing projects.
Operational Expansion and Infrastructure Development
The surge in investment was driven largely by capital allocation toward infrastructure, equipment renewal, and plant optimization. These investments support both the expansion of productive capacity and the modernization of mining operations as companies adapt to rising global demand for critical minerals. At the same time, increased exploration spending signals continued interest in identifying new deposits and extending the life of existing operations, reinforcing Peru’s long-term position as a major global mining jurisdiction.
Major Mining Companies Lead Capital Deployment
Investment activity remained highly concentrated among a small group of major mining operators. Compañía Minera Antamina led sector investment with US$696 million, followed by Southern Peru Copper Corporation, Minera Las Bambas, and Compañía de Minas Buenaventura. Together, these four companies accounted for more than one-third of total mining investment in 2025, highlighting the central role of large-scale operations in sustaining Peru’s mining investment cycle and supporting the country’s position as a leading supplier of minerals to global markets.