The potential for gold in Paraguay has only recently been recognized by commercial mining interests.
Paraguay has steadily attracted an increasing amount of foreign investment by imposing regulatory frameworks that treat foreign and domestic investors equally. While the country has had no history of large-scale mining and production, continuous development of its rapidly expanding mineral industry means the country is well-positioned to become one of the world’s most important mineral producers in the near future.
Despite its proximity to gold-rich countries such as Peru and Bolivia, Paraguay has seen little to no mineral exploration over the years. Until now, Paraguay’s mining potential has been restricted by large fiscal and trade deficits, limited private investment and political instability that impeded the country’s ability to move forward economically.