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Argentina
Cerro Vanguardia Mine

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 Location:
107 km NW from Puerto San Julian, Argentina

  Regional Office:
Ruta Nac. N3, Km 2146 Magallanes
Santa Cruz
Argentina
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News

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Overview

StageProduction
Mine TypeOpen Pit & Underground
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
  • Longhole stoping
Production Start...
Mine Life15 years (as of Jan 1, 2015)
Cerro Vanguardia deposit is a series of veins and mined using open pit techniques. There are around 15 open pits with variable contents of gold, silver and base metals.


Owners

Source: p. 44
CompanyInterestOwnership
Fomento Minero de Santa Cruz. 7.5 % Indirect
AngloGold Ashanti Ltd. 92.5 % Indirect
Cerro Vanguardia S.A. (operator) 100 % Direct
Cerro Vanguardia, in which AngloGold Ashanti has a 92.5% stake, is the company’s sole operation in Argentina. Fomicruz(Fomento Minero de Santa Cruz S.E.), a state company operating in the province of Santa Cruz, owns the remaining 7.5%.

Contractors

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Deposit Type

  • Vein / narrow vein
  • Epithermal


Summary:

Cerro Vanguardia is located in the core of the 60,000km2 Deseado Massif, one of the most extensive volcanic complexes in southern Patagonia, Argentina. The Deseado Massif is an extensive rhyolite province of Middle to Upper Jurassic age deposited over Paleozoic low-grade metamorphic basement rocks. These rocks are exposed in erosional windows through overlying Cretaceous sediments and Tertiary to Quaternary basalts. The orebodies comprise a series of epithermal vein deposits (low-sulphidation deposit) containing gold and large quantities of silver, produced as a by-product.

The mineralisation is concentrated in steeply dipping quartz veins that cut the flat-lying ignimbrites and volcaniclastic rocks. The Cerro Vanguardia district contains around 100 gold and silver-bearing epithermal veins for a cumulative exposed vein strike extension of more than 240km. Fifty-seven veins are currently known to contain economic gold and silver mineralisation.

All veins at Cerro Vanguardia consist mainly of quartz and adularia containing minor electrum, native gold, silver sulphides and native silver as fine-grained disseminations. Vein textures are mainly characterised by colloform-crustiform banding, pseudomorphic quartzlattice textures, massive-to-vuggy quartz veins and vein breccias. 40Ar/39Ar dating on adularia from the Osvaldo Diez vein yielded ages of 153.4 ±1.46Ma, 152.9 ±2.75Ma and 155.1 ±3.0Ma, while the age of the thick sequence of ignimbrites hosting the vein ........


Mining Methods

  • Truck & Shovel / Loader
  • Longhole stoping


Summary:

Cerro Vanguardia deposit is a series of veins and mined using open pit techniques. There are around 15 open pits with variable contents of gold, silver and base metals.

Open pit mines employed conventional truck and shovel mining method with a double bench height of 20m and contributes 60% of the ore. Open pit mining is distributed between multiple operating pits, typically five to ten at any one time, depending on the plant feed requirements.

Underground mines are utilizing longhole stoping. There are four underground mines that are operated at the same time, located on the Osvaldo 8, Cuncuna, Serena and Zorro veins. Three more are in development (Liliana, Osvaldo 7 and Loma del Muerto CB6). Underground mining represents around 40% of total production, a percentage that will increase in the coming years.


Crushing and Grinding
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Processing

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Summary:

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Production:

CommodityUnits202120202019201820172016
Gold koz  ......  Subscription required  ......  Subscription required  ......  Subscription required305306304
Silver M oz  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
All production numbers are expressed as metal in doré.
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Operational Metrics:

Metrics202120202019201820172016
Tonnes milled  ......  Subscription required  ......  Subscription required2.7 Mt2.9 Mt3.3 Mt3.1 Mt
Daily processing capacity  ......  Subscription required  ......  Subscription required3,000 t3,000 t3,000 t3,000 t
Annual processing capacity  ......  Subscription required  ......  Subscription required
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Reserves at December 31, 2021:
Reserves cut-off grades:
- Open-pit 3.25 g/t Au;
- Underground 6.37 g/t Au;
- In situ heap leach stockwork material is 0.32 g/t Au;
- Heap leach stockpiles 0.43 g/t.

CategoryTonnage CommodityGradeContained Metal
Proven & Probable 12.31 Mt Gold 2.07 g/t 0.82 M oz
Proven & Probable 12.31 Mt Silver 51.73 g/t 20.47 M oz
Total Resource 39.74 Mt Gold 2.26 g/t 2.88 M oz
Total Resource 39.74 Mt Silver 61.45 g/t 78.51 M oz

Commodity Production Costs:

CommodityUnits202120202019201820172016
Total cash costs Gold USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 476 / oz   522 / oz   563 / oz  
All-in sustaining costs (AISC) Gold USD  ......  Subscription required  ......  Subscription required  ......  Subscription required
All-in sustaining costs (sold) Gold USD 652 / oz   772 / oz   773 / oz  
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Financials:

Units202120202019201820172016
Capital expenditures M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 35.7   58.3   59.4  
Revenue M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 498  
After-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required 119  
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Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 26, 2022
....................... Subscription required ....................... Subscription required Subscription required May 26, 2022
....................... Subscription required ....................... Subscription required Subscription required May 26, 2022
....................... Subscription required ....................... Subscription required Subscription required May 26, 2022
....................... Subscription required ....................... Subscription required Subscription required May 26, 2022
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Staff:

EmployeesContractorsTotal WorkforceYear
Subscription required Subscription required Subscription required 2021
Subscription required Subscription required Subscription required 2020
Subscription required Subscription required Subscription required 2019
Subscription required Subscription required Subscription required 2018
Subscription required Subscription required Subscription required 2017
Subscription required Subscription required Subscription required 2016
Subscription required Subscription required Subscription required 2015
Subscription required Subscription required Subscription required 2014

Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
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................................... Subscription required 2020
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................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
Fact Sheet 2018
Annual Report 2017
Year-end Mineral Reserves 2017
Annual Report 2016
Corporate Presentation 2016
Year-end Mineral Reserves 2016
Fact Sheet 2015
Other 2015
Year-end Mineral Reserves 2015
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