Cerro Vanguardia announces the acquisition of mining rights for the Michelle project

Cerro Vanguardia announces the acquisition of mining rights for the Michelle project
Cerro Vanguardia announces the acquisition of mining rights for the Michelle project
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Buenos Aires, Argentina – January 6, 2025 – Cerro Vanguardia, with over 26 years of experience in gold and silver mining, has signed an agreement with Minera Don Nicolás to acquire the mining rights for the Michelle project, a 14,328-hectare property located to the northwest of its operation.

This project, which is in the early to intermediate stages of exploration, represents a new opportunity to extend the life of Cerro Vanguardia beyond 2028, provided that the results of the exploration activities are positive, thus strengthening the company’s operation.

In addition, during 2025, the company will implement an exploration and investment plan that will allow for the quantification of existing resources and the discovery of new opportunities in this strategic area.

“The potential acquisition of the Michelle project reinforces our commitment to the sustainable growth of Cerro Vanguardia and to the development of mining in Santa Cruz. This step reflects our long-term vision and our commitment to continuing to create shared value for our employees, suppliers, communities, and other stakeholders,” emphasized Francisco López, General Manager of Cerro Vanguardia.

The Company

Cerro Vanguardia is a mining company dedicated to the exploration, extraction, and processing of gold and silver.

Operating under Environmental Sustainability criteria, Cerro Vanguardia works while respecting and protecting the environment, utilizing natural resources in strict compliance with applicable legal requirements.

The company is made up of two shareholders: AngloGold Ashanti, which holds a 92.5% equity stake, and Fomicruz S.E., a state-owned company of the Province of Santa Cruz, with a 7.5% stake.

Since starting operations in Argentina in 1998, Cerro Vanguardia currently employs more than 1,200 people directly and 600 indirectly through contractors.

Published by: Panorama Minero

Category: News

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