Going back to 2010, there was only one big exporter, who exported 98.6% of total export value, mainly used gold in bars sealed with own brand.

But in 2011 the first big jump in exports was recorded, going up to US$7.9 million. This was due to the presence of another exporter, responsible for 79% of exports worth US$6.2 million in gold bars of 24 carat as well as gold leaf.

Paraguayan gold exports have skyrocketed in recent years, from an export value of US$1.3 million in 2010 to US$35.6 million in 2013, representing a growth of over 2000% in four years.

So far in 2014, exports totaled US$11 million; up by 3% compared to the same period last year.

Almost 90% of shipments were for gold bars of various sizes and purity, wire and profiles of solid section.

The main recipients of gold exports are the US -almost 80% of the total-, Canada and Switzerland.

The Paso Yobai mine (in the Department of Guaira) is the only mine currently in operation, according to information from the Vice Ministry of Mines and Energy, but there is another being installed.

A little history

Going back to 2010, there was only one big exporter, who exported 98.6% of total export value, mainly used gold in bars sealed with own brand.

But in 2011 the first big jump in exports was recorded, going up to US$7.9 million. This was due to the presence of another exporter, responsible for 79% of exports worth US$6.2 million in gold bars of 24 carat as well as gold leaf.

With new entrants in the business in 2012 shipments increased by 381% over the previous year and total exports reached US$37.8 million.