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Palcamayo is a small town about 30 kilometers from Tarma, a city in Junín Region, Peru. It is a destination for tourists. There are a number of caves near the town. The population is less than 5,350 people, as of the 2005 census.
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Close to the town, there is a significant cave, Gruta de Guagapo, one of South America's largest caves.