This represents a 50% decrease in two decades, due to reduced production at Yanacocha, delays in the execution of the Conga mining project (gold and copper), which is currently suspended pending a more favorable social climate for mining investments, and other setbacks. The damage is twofold, coinciding with an increase in the price of gold. In other words, losses are not only incurred due to lower production, but also in missing out on the higher price of gold as an opportunity in the international market. Figure 3 – The Missed Gold Opportunity: Lower Production During the Gold Price Season Regarding poverty, at the end of 2023 the Central Reserve Bank registered a negative GDP of 0.6% (the beginning of an economic recession). Poverty has grown to 29% in 2023, regressing to a rate equivalent to that of 2010 (30.8%) (INEI, 2025). This represents more than a lost decade, and poverty will continue to increase in the country if investments are not urgently promoted and the national economy is not reactivated. This will negatively impact on the country socially, environmentally, and economically, contrary to the vision of sustainable development referenced in the 1993 Constitution. 22
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