The General Manager of Kallpa SAB, Alberto Arispe, commented that nine junior mining companies list their shares on the Lima Stock Exchange (LSE) with a market value of US$ 365 million, a fact that differentiates the Peruvian stock exchange from its peers in other countries in the region.

He pointed out that these are companies that have "raised" resources or venture capital in Peru, while explaining that the LSE stands out for being a stock market with more weight for the mining sector, as opposed to other stock markets in the Latin American region.

"40% of the Peruvian stock market is made up of mining shares and if we compare with Brazil, the mining sector only represents 15% there; while Chile, a mining country, has a 0% representation (of mining shares), the same happens with Colombia", explained Arispe.

During his presentation "How to finance a Peruvian mining project on the Lima Stock Exchange", the Kallpa SAB executive also mentioned that venture capital investors have a tax benefit.

"Investors have a tax benefit that when they sell their shares in the LSE they must pay a tax equivalent to 5% of the profit, and if those shares are sold in other markets, they could pay a tax of 30% of the profit," said the financial expert.

On the other hand, he highlighted the success story of junior mining company Rio Alto Mining, which went from having a market value of US$30 million to becoming a producing company with a market value of US$1 billion. This occurred after acquiring control of La Arena project (in La Libertad region) and buying the option from IAM Gold between 2009 and 2011.

Rio Alto Mining's development dynamics led to the acquisition of Sulliden Gold and its Shauindo project (in the Cajamarca region) in 2014; although later in 2015 the company was purchased by Tahoe Resources.