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Cerro Vanguardia, Argentina

Located in the province of Santa Cruz, Cerro Vanguardia operates multiple small open pits with high stripping ratios and multiple narrow-vein underground mines that produce gold with silver as a by-product.


AngloGold Ashanti

Mineral Resource

Stacked rocks [icon]
of gold

Gold production

Production [icon]

Silver production

Production [icon]

All-in sustaining costs

Costs [icon]

Capital expenditure

Cashflow [icon]
$66m (92.5%)


Worker [icon]
including contractors

Overview and locality

Cerro Vanguardia, in which AngloGold Ashanti has a 92.5% stake, is the Company’s sole operation in Argentina. Fomicruz, a state company, owns the remaining 7.5%. Cerro Vanguardia is a gold-silver operation with multiple open pit and underground mines located within the property that are mined simultaneously.

Cerro Vanguardia operates a single tailings dam. The state road GO-337 passes close to the operation, providing access for logistics. Power for the mine is supplied and purchased in the open market. Three mining methods are used for underground mining: sub-level stoping (bottom-up and top-down), cut and fill, and room and pillar.

A brief history

  • Gold exploration at the site was started in late 1980s by the state owned Fomicruz and Minera Mincorp (JV between Anglo American Argentina Holdings Limited and a local private company, Perez Companc).
  • Cerro Vanguardia began as an open pit operation in 1998 and this was supplemented in 2010 with the start of shallow underground mining to access high-grade mined material.
  • To complement the already existing gold plant, a heap leaching operation was started in 2012.
  • The mine has been operated by AngloGold Ashanti since 1998.
Map Argentina,locaton of Cerro Vanguardia

ESG statistics 2022

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Total recordable injuries frequency rate

0.51 per million hours worked

Caring [icon]
Community investment


Incident report [icon]
Reportable environmental incidents


Water recycling [icon]
Water use


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Water use efficiency


Energy [icon]
Energy consumption


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Energy use intensity


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GHG emissions


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GHG emission intensity

33kg/t CO2e

Rehabilitation [icon]
Rehabilitation liabilities