Chile, renowned for its mining industry, is the third largest producer of gold in Latin America. The country is politically stable and has a prosperous free market economy. As an investment grade country with a pro-mining legal climate, Chile represents the model country for foreign investment in exploration, development, and mining. Global Gold's Vice President maintains an office in Santiago, Chile. Previously Global Gold explored and developed the Santa Candelaria and Vadivia properties, which it sold in 2011. Global Gold is currently evaluating potential properties in Chile.