The mining company Cerro Vanguardia, S.A. (CVSA), based in Argentina, is engaged in the exploration, mining and processing of gold and silver in the mining concession Cerro Vanguardia. Located in Magallanes, Santa Cruz, the ore deposit covers 514km2 and consists of multiple small open pits with high stripping ratios. CVSA is a joint venture between the South African company AngloGold Ashanti (92.5%) and the state society of the province of Santa Cruz, Formicruz, S.E. (7.5%). CVSA started operations in 1998 and has offices in is based in the Port of San Julian and in Buenos Aires.