Mining sector in Santa Cruz sees profit growth and new exploration

Mining activities in Santa Cruz, Argentina, are showing significant financial growth and expansion. Minera Santa Cruz S.A., which operates the San José gold and silver deposit, reported a substantial increase in its 2025 financial results. The company recorded revenues of $436.5 million, a 48.8% increase from the previous year, while net profits surged by approximately 173% to reach $97.6 million.

Simultaneously, exploration efforts are expanding in the Deseado Massif region. Cerrado Gold, through its local subsidiary Minera Don Nicolás, has commenced drilling for the Falcon project. This exploration campaign involves a 5,000-meter drilling program covering approximately 20,026 hectares. The project is strategically located near existing leaching operations at Las Calandrias, aiming to evaluate the volume of mineral resources in the area.