Aug. 5 (Bloomberg) -- Mineros SA, Colombia’s largest gold- mining company, will seek ventures to explore for precious metals in Brazil and Central America, Chief Executive Officer Beatriz Uribe said.

The miner is interested in a Brazilian company to explore for gold, silver and platinum in the South American country, Uribe said today in an interview in Bogota. Medellin, Colombia- based Mineros also has been searching for projects in Peru, she said.

Mineros aims to uncover new reserves in Colombia and in neighboring countries after the price of gold more than doubled since the start of 2005. Sales of jewelry in China and India will help to buoy the price of gold, even as stronger global economic growth eases investor demand for the metal as a safe haven, Uribe said.

Gold probably won’t surpass $1,000 an ounce and may slide to about $850 an ounce in the next year, she said. Gold futures for December delivery lost $4.70, or 0.5 percent, to $965 an ounce at 11:50 a.m. on the New York Mercantile Exchange’s Comex division.

Mineros would boost its planned investments if it finds opportunities for new ventures abroad, Uribe said. For now, the company has mapped out about $146 million in spending from 2010 to 2014 to more than quadruple its gold production, she told analysts earlier today at a presentation in Bogota.

Mineros and its Mineros Nacionales SA unit seek to increase production to about 500,000 troy ounces in 2015 from a combined 113,158 ounces this year, Uribe said in the presentation.

To contact the reporter on this story: Heather Walsh in Bogota at hlwalsh@bloomberg.net

Last Updated: August 5, 2009 12:21 EDT