Portage Resources, Inc.

Peru is the world’s largest producer of silver, 3rd largest of copper and 5th largest of gold. Peru is the largest producer of Gold in Latin America. Gold accounts for a third of Peru’s export revenue. The vast reserve of Peru’s minerals are regarded to be only 10% explored nationally. Peru has had one of the best performing financial markets of the last decade. The Peru Lima broad market had a gain of 1,700% from July 2000 to July 2007. At a crossroad between two of the world’s fastest growing economies, China and Brazil, the trans-continental highway has opened connecting a number of deep water ports in North Peru with the Port of Manaus on the Amazon. This highway across the Andes is expected to add more than 1% to GDP facilitating Chinese export from Brazil’s agriculture centers, and replace the Panama Canal as the main passage for trade between those countries.

In addition to growth in the mining sector, new oil and gas projects coming online in the North have positioned the region to exceed the nation over the coming decade. Like the rest of the world, Peru wasn’t immune from the global recession in 2008. But the country has been one of the first to recover. Bloomberg reports that the country came out of recession in 4Q09 with exports up 23.8% in November and imports up 21%