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ARGENTINA

Cerro Vanguardia: General description and location

Cerro Vanguardia is located in the province of Santa Cruz, Argentina. AngloGold Ashanti has a 92.5% stake (it is the Company's only operation in Argentina) and Fomicruz, a state company, owns the remaining 7.5%. Cerro Vanguardia is a gold and silver operation with multiple open pit and underground mines located within the property that are operated simultaneously.

A Brief History

Gold exploration at the site began in the late 1980s by the state-owned company 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 was complemented in 2010 with the start of shallow underground mining to access high grade extracted material. To complement the existing gold plant, a heap leach operation began in 2012.

The mine has been operated by AngloGold Ashanti since 1998.

Cerro Vanguardia: General description and location

Cerro Vanguardia is located in the province of Santa Cruz, Argentina. AngloGold Ashanti has a 92.5% stake (it is the Company's only operation in Argentina) and Fomicruz, a state company, owns the remaining 7.5%. Cerro Vanguardia is a gold and silver operation with multiple open pit and underground mines located within the property that are operated simultaneously.

A Brief History

Gold exploration at the site began in the late 1980s by the state-owned company 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 was complemented in 2010 with the start of shallow underground mining to access high grade extracted material. To complement the existing gold plant, a heap leach operation began in 2012.

The mine has been operated by AngloGold Ashanti since 1998.