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Mining and energy activity in Santa Cruz
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2026-10-14 15:54 UTC → 2026-10-21 19:56 UTC ·
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Mining industry and energy activity in Santa Cruz
The mining sector in Santa Cruz, Argentina, is experiencing continues to show financial growth and expanded exploration activities. exploration. Minera Santa Cruz S.A., operating the San José gold and silver deposit, reported a 48.8% increase in revenues to $436.5 million and a net profit surge of approximately 173%, totaling $97.6 million for the 2025 period. In the Deseado Massif region, Cerrado Gold has initiated a 5,000-meter drilling program for the Falcon project through its subsidiary, Minera Don Nicolás. This exploration covers roughly 20,026 hectares near the Las Calandrias leaching operations to evaluate mineral resource volumes. Following these developments, the Santa Cruz State Secretariat of Mining conducted a technical inspection of the Minera Don Nicolás complex, including the Falcon exploration area, the Calandrias leaching pad, the tailings dam, and the La Paloma underground mine, to verify operational safety and regulatory compliance. Additionally, in the energy sector, Governor Claudio Vidal supervised the launch of a USD 7.27 million drilling campaign by Crown Point Energía in the San Jorge Gulf Basin. This program involves drilling three wells across Koluel Kayke and Piedra Clavada to develop existing reserves and explore the D-129, Mina del Carmen, and Caleta Olivia formations.
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- 2026-10-21 19:56 UTC Mining and energy activity in Santa Cruz
- 2026-10-14 15:54 UTC Mining industry activity in Santa Cruz
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