Skip to content
Back to Guavy Wire
Commodities

Peru Cracks Down on Illegal Gold Mining in Amazon Reserve with Military Operation

Instruments
Gold
Share

Peru's military launched Operation Mercury 2 this week to dismantle illegal gold mining camps in the Amazon reserve. The operation aimed to remove all miners from Tambopata National Park, a UNESCO World Heritage site and home to a rich rainforest.

The park is one of six endangered national parks in Peru where mining has ravaged hundreds of square miles of federally protected areas. Since the first Operation Mercury in 2019, gold prices have more than tripled globally, rising from an average of $1,394 per ounce to roughly $4,395 per ounce today.

The soaring price has made extracting even small amounts of gold increasingly lucrative, driving mining expansion across nine regions of the Peruvian Amazon. Authorities detonated explosives they placed on mining equipment found in Tambopata National Park, and members of the military escorted women and a child off the premises for questioning.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc