Veladero
The Veladero mine is located in San Juan Province, Argentina, immediately to the south of the Pascua-Lama Property, approximately 320 kilometers northwest of the city of San Juan in the highly prospective Frontera District. The property is located at elevations of between 4,000 and 4,850 meters above sea level.
Veladero is a conventional open-pit operation. Ore is crushed by a two-stage crushing process, and then transported via trucks to the leach pad area. Run-of-mine ore is trucked directly to the valley-fill leach pad.
In 2007, Veladero produced 473,000 ounces of gold at total cash costs of $334 per ounce1. Proven and probable mineral reserves as of December 31, 2007 are estimated at 11.7 million ounces of gold2.
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