Summa Gold has announced a commitment to invest approximately S/150 million annually in public works projects in the district of Huamachuco, La Libertad.
The funding, structured under Peru’s Works for Taxes (Obras por Impuestos) program, is designed to improve local infrastructure and social conditions while supporting the company’s long-term operational stability.
Jaime Polar, the company’s general manager, stated that the initiative aims to completely transform the face of Huamachuco.
The investment strategy is tied to the miner’s broader goal of eliminating illegal mining activities in the region, which has historically posed social and security risks to formal operations.
By replacing informal mining with structured community development, Summa Gold seeks to secure a stable social license to operate.
The company projects that its gold and silver production in the area will continue beyond 2040.