For Kallpa SAB's Capital Markets Manager Ricardo Carrión, this price projection is good enough to boost mining exploration projects that were waiting for more financing.

"In Peru, from what we are seeing, gold exploration projects are starting to move much faster than before. We have three or four gold projects mapped out that are starting to take off. There are some in very early stages and others a little more advanced," he said.

He explained that these mining companies operate privately, carrying out the exploration phase on their own account and then, as they find ore, they can offer what they have found to large mining companies.

According to Mr. Carrión, the projects they have detected, in their majority, will only enter the drilling stage, which could take months or years, and once they have indications that the drilling is on track, it is only then that the interest of companies will be shown.

"Many were stranded because there was no money in the industry and price was not attractive either. Today, at those levels, with good gold prices and working capital, they are being reactivated. Maybe in five years we could have a new gold mine, which was what Peru lacked to increase its reserves," he said.

He mentioned that, in 2009, there was also a high price of minerals and then this began to settle down, so he considered that activity for new projects will be very similar to what it was at that time.

"Among analysts there is a consensus that good years are coming for mining and gold specifically," he said.