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Veladero (In Operation)

Project Stages

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Early Works
In Construction
Operation
Current Stage In production
Project Details

Description

Located near the Pascua-Lama project in Argentina, the Veladero gold mine is operated by Barrick Gold. An open-pit operation with proven and probable mineral reserves of 10.0 million ounces of gold, the Veladero mine produced some 766,000 ounces of gold at a total cash cost of $510 per ounce in 2012. Barrick plans to invest 600mn Argentine pesos (US$112mn) in 2013 at Veladero.

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Related Companies

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Minor building Works
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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
Veladero (In Operation)
Project Type
Gold, Open pit mining
Development Phase
In production
Project Status
Active
Project Capacity
766,000  oz/y (ounces per year)  Gold
 Open pit mining
Investment
US$ 540mn
Completion Date
2005
Lifespan
17
Location

Veladero is a gold mine situated in the Argentinian province San Juan, approximately 350 kilometers to the northeast of the city of San Juan at a height of between 4,000 and 4,850 metres above sea level.

* The map coordinates provided above represent the approximate latitude and longitude, and not the exact location, of the project in question.

 

 


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Owner / operator
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CEO
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