Veladero Gold Mine, Argentina

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.

In addition to gold, the deposit is rich in deposits of silver, its development is conducted in an open manner. It is also worth noting that the mine is located in a mountainous area. Its mines are located at an altitude of 4000 to 4850 meters above sea level. In September 2015, the mine experienced the largest accident during its operation - a leak of cyanide. Due to leakage of more than a million liters of toxic substance, the development of the field was temporarily suspended, thanks to timely measures taken, the terrible consequences of the accident were prevented. By the end of 2015, the extraction of valuable minerals at the mine will resume. Next - Lihir Gold Mine