Potosí (Silver Mines of Colonial Peru)

Potosí (Silver Mines of Colonial Peru)
Potosí (Silver Mines of Colonial Peru)

The extensive silver mines of the mountain of Potosí (in the highlands of contemporary Bolivia, at an altitude of 4,800 meters) proved among the most important sources of wealth in all of Spain’s New World holdings, fleetingly filling the coffers of the Spanish treasury for more than two centuries while relegating thousands of Indian laborers to a hellish work existence.

Silver ore was serendipitously discovered at Potosí by an Indian yanacona (servant) named Diego Gualpa in 1545. Within a few years there had commenced a vast silver rush, which peaked in the 1590s, after which silver production underwent a gradual decline, though the mines continued to be worked throughout the colonial period.

In 1545, the population of Potosí and its environs stood at around 3,000. Thirty-five years later, in 1580, the numbers had swelled to around 120,000, and by 1650 to around 160,000, making the remote mining center one of the largest urban concentrations in the world.


Crucial to the stupendous growth of Potosí and its mining economy was the introduction of the mercury amalgamation process in 1572. Before this, Indian laborers had employed the pre-Columbian huayra technique for refining silver, which harnessed the highlands’ high winds to facilitate the smelting process.

The first mercury mines at Huancavelica were discovered in 1559; others came into operation soon after. In 1571, after numerous trials, the Spanish perfected the techniques for refining Potosí’s silver ore with Huancavelica’s mercury, prompting Viceroy Francisco de Toledo to gush that the union of the two mines would create the world’s greatest marriage.

Illustrative of the enormous quantities of wealth extracted from colonial Peru’s “mountain of silver,” the Spanish writer Miguel de Cervantes’s Don Quixote changed the phrase “worth a Peru” (describing Francisco Pizarro’s plunder during the conquest of Peru) to “worth a Potosí.”

Official figures show a quadrupling of silver exports to Spain from Potosí from 1571–75 to 1581–85 (from 4.6 million to 19.1 million pesos), to a peak of around 5 million pesos annually in the 1590s.

By 1650, the number had dropped to around 3 million pesos annually, after which it continued to decline until the early 1700s, when the mining economy underwent a gradual resurgence, though it never reached its former heights.

Potosí’s burgeoning mining economy also had important local and regional ripple effects, sparking the growth of commerce, agriculture, and specialized craftwork in surrounding communities, and in regional economies as distant as Río de la Plata, Chile, and northern Peru.

Working conditions in the mines were exceedingly brutal. “Some four years ago,” wrote the Spaniard Domingo de Santo Tomás to the Council of the Indies in 1550, in a typical description, “to the complete perdition of this land, there was discovered a mouth of hell, into which a great mass of people enter every year and are sacrificed by the greed of the Spaniards to their ‘god.’

This is your silver mine called Potosí.” Another Spaniard, Rodrigo de Loaisa, described the typical weeklong stint in the mines: “The Indians enter these infernal pits by some leather ropes like staircases ... Once inside, they spend the whole week in there without emerging, working with tallow candles. They are in great danger inside there ... If 20 healthy Indians enter on Monday, half may emerge crippled on Saturday.”

According to another Spaniard, Alfonso Messia, Indian laborers descended hundreds of feet into the mines, “where the night is perpetual. It is always necessary to work by candlelight, with the air thick and evil-smelling, enclosed in the bowels of the earth.

The ascent and descent are highly dangerous, for they come up loaded with their sack of metal tied to their backs, taking fully four or five hours step by step, and if they make the slightest false step they may fall seven hundred feet.”

The great silver mines of Potosí thus became symbolic not only of fabulous wealth, but of Spain’s oppression and exploitation of Indian laborers, and Indian resilience and survival in the face of the extreme brutality of colonial rule.