Paraguay Shines with Gold: Exports Reach Record Numbers

Paraguay achieves a historic milestone in gold exports with approximately 600 kilograms shipped during 2024, primarily to the United States market. This activity, centered in Paso Yobái, Guairá department, marks a significant precedent in diversifying national exports, traditionally dominated by beef and soybeans.

The Vice Minister of Mines and Energy, Mauricio Bejarano, confirmed that gold production reached a monthly average of 50 kilograms, generating G. 2 billion in royalties for the Paraguayan state. The concession, granted to LAMPA SA, has produced estimated benefits of G. 25 billion, of which the state receives 8% in royalties.

Revenue distribution follows an established scheme: 50% for the central government, 25% for the Guairá Governorship, and 25% for the Municipality of Paso Yobái. This distribution model ensures that mining activity benefits directly impact local and regional development.

Although export volumes are modest compared to major producers like Peru, they represent a significant opportunity to attract investment to Paraguay’s mining sector. The activity not only generates direct income but also promotes local economic development in Paso Yobái and surrounding areas.

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Authorities are promoting the formalization of the artisanal mining sector, seeking to integrate small-scale miners into the formal system through proper permits. This initiative aims to improve statistical records and provide a clear legal framework for mining operations.

An additional goal is the banking inclusion of the mining sector, traditionally excluded from the formal financial system. The financial inclusion of mining workers represents a crucial step in professionalizing the sector and attracting new investments, thus contributing to the sustainable development of Paraguay’s mining industry.

Artículo en español aquí.