Archive · 19 Aug 2025
Argentina Gold Mine Aims $665M Investment with Incentive
Imagine a gold mine in Argentina wanting to build a new, bigger mine!
They want to spend $665 million to make it happen.
They hope the government's special program, RIGI, will help them by offering tax breaks.
Right now, they get gold from old leftover rocks.
The new mine, called Carbonatos Profundos, will dig deeper to find more gold.
They hope to start in 2029 and dig up lots of gold each year, bringing in money by selling the gold to other countries.
They have a lot of gold in the ground to use, and the price of gold is really good, so they are excited.
Gualcamayo gold mine plans a $665 million project in Argentina.
The project aims to qualify for Argentina's Large Investment Incentive Regime (RIGI).
The new mine, 'Carbonatos Profundos,' aims for 120,000 ounces of gold annually starting in 2029.
The mine currently produces 50,000 to 55,000 ounces of gold annually through secondary recovery.
Gualcamayo has 3 million ounces of economically viable gold reserves.
- Who
- Gualcamayo gold mine, owned by Minas Argentinas (Aisa Group).
- What
- Gualcamayo gold mine plans a $665 million project and seeks incentives.
- When
- Construction is planned to start in 2027, with production starting in 2029.
- Where
- Jachal, Argentina, at the Gualcamayo gold mine.
- Why
- To increase gold production, capitalize on high demand, and benefit from government incentives.
- Project Cost
- $665 million
- Mine Name
- Gualcamayo
- Annual Production Goal
- 120,000 ounces (starting 2029)
- Current Production
- 50,000 to 55,000 ounces annually
- Reserves
- 3 million ounces economically viable gold
- Incentive Program
- RIGI
