RIGI: Veladero Submits Application Valued at Around US$400 Million

1 min min reading
RIGI: Veladero Submits Application Valued at Around US$400 Million
RIGI: Veladero Submits Application Valued at Around US$400 Million
Share:

Veladero Mine, the joint venture between Barrick Mining and Shandong Gold located in the province of San Juan, has submitted its application to join the RIGI with an investment of US$400 million.

By Panorama Minero

In its 20th year of production and as the country's leading gold exporter with 503,000 ounces in 2024, Veladero Mine has proposed an initiative to expand its productive capacity by an additional 1.6 Moz of gold.

This initiative, featuring a CAPEX of approximately US$400 million to be deployed between 2025 and 2028—with the goal of generating incremental production for the remainder of the mine’s life—was submitted to the RIGI (Regime of Incentives for Large Investments). It has the potential to generate a significant economic impact through roughly US$3.8 billion in additional exports, alongside US$200 million in provincial royalties.

During its Q2 results presentation, Barrick Mining emphasized that construction of the Phase 8 leach pad is divided into three stages—8A, 8B, and 8C—with the aim of completing them by 2026. The company also announced a new stage: Phase 9.

Published by: Panorama Minero

Category: News

Illustrative image for the news: “We see an opportunity driven by the growth of the mining sector” | Panorama Minero

“We see an opportunity driven by the growth of the mining sector”

With extensive operations in Mexico and the United States, Grupo México Transportes outlines how technological evolution, artificial intelligence, and logistical integration are redefining freight rail transport. In conversation with Panorama Minero, its CEO, Bernardo Ayala, explains the scope of these innovations and their potential in Argentina.

Read more

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the news: Epiroc Accelerates the Transition Toward Smart Mining in the Southern Cone | Panorama Minero

Driven by automation, digitalization and electrification, mining in the Southern Cone is entering a new stage of modernization. Epiroc presented its regional roadmap, highlighting how interoperability, agnostic solutions and people-centered support will be key to accelerating the transition toward more efficient, safe and competitive operations.

Illustrative image for the news: Two Decades of the Country’s Largest Gold-Exporting Operation | Panorama Minero

Celebrating 20 years of uninterrupted production, Veladero stands as a cornerstone of San Juan’s economy and one of Argentina’s most significant mining operations. During Argentina Gold, Silver and Copper 2025, its General Manager reflected on the milestones achieved, the challenges of operating in the Andes, and the long-term commitments guiding the project’s next stage.

Illustrative image for the news: Uranium Gains Appeal Amid the Global Energy Transition | Panorama Minero

In a global context that increasingly demands safe and sustainable energy sources, uranium is once again emerging as a strategic resource. Experts from the nuclear energy sector analyzed its role in the energy transition and emphasized the need to revive domestic production to reduce external dependence.

Illustrative image for the news: “We see an opportunity driven by the growth of the mining sector” | Panorama Minero

With extensive operations in Mexico and the United States, Grupo México Transportes outlines how technological evolution, artificial intelligence, and logistical integration are redefining freight rail transport. In conversation with Panorama Minero, its CEO, Bernardo Ayala, explains the scope of these innovations and their potential in Argentina.

Illustrative image for the news: The Engines of National Growth Point to Greater Complementarity | Panorama Minero

In an exchange that brought together key actors from the country’s productive apparatus, leaders from the mining, industrial, agricultural and energy sectors presented shared assessments on infrastructure, tax burdens, financing and the regulatory framework. The discussion highlighted broad agreement on the need for predictability and reforms that enable sustained growth.