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Santa Cruz: US$345 Million in Mining Investment Announced to Extract Gold for More than 17 Years

Summary by ADNSur
Governor Claudio Vidal met in Buenos Aires with directors of Fredonia Mining, who confirmed the initial investment to develop the El Dorado–Monserrat project. The initiative foresees an average production of 146,000 ounces of gold equivalent per year and contemplates the priority hiring of workers and suppliers in Santa Cruz.
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The project foresees more than 17 years of exploitation. From the province of Santa Cruz they ratified the commitment to hire local workers and suppliers.

Governor Claudio Vidal met in Buenos Aires with directors of Fredonia Mining, who confirmed the initial investment to develop the El Dorado–Monserrat project. The initiative foresees an average production of 146,000 ounces of gold equivalent per year and contemplates the priority hiring of workers and suppliers in Santa Cruz.

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ADNSur broke the news on Sunday, November 8, 2026.
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