After four consecutive years of shrinking exploration budgets, 2017 appears to be the turning point for the industry with drilling programs increasing again worldwide –and Peru is no exception. While some juniors learnt to navigate the low cycle through innovative business models, mostly aiming at generating cash-flow, those companies that managed to keep good assets are benefiting from much better market conditions to keep advancing their projects through the drill-bit. Provided that the Peruvian government simplifies bureaucratic procedures for exploration and that companies engage with the local communities in a positive manner, the next years should see the advancement of brand new projects to add to the country’s mining investment portfolio.