Veladero Gold Mine, Argentina
From series “Famous Spots of Gold Mines Reminding the Gold-Rush Times”
The famous mine named Veladero is located in Argentina and belongs to the well-known American company Barrick Gold. Each year about 1 120 000 ounces of gold are produced on the mine, making Veladero the country's top leader. The unique deposit is located on the territory of the province of San Juan. Its development began relatively recently, in 2005.
The development of the mine was very rapid. In the first three months of the development, about 55000 ounces of gold was mined, and in 2008 the annual production capacity was about 700000 ounces. The costs of building of an industrial complex, as well as the scale of production, are very large. Only by rough estimates, Barrick Gold has invested about $ 540 million in the development of the mine.
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Veladero Gold Mine - interactive map
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