Veladero mine is located in San Juan Province, Argentina, immediately to the south of the Pascua-Lama Property, approximately 320 kilometers northwest of the city of San Juan in the highly prospective Frontera District. The property is located at elevations of between 4,000 and 4,850 meters above sea level.

In 2006, its first full year of production, Veladero produced 511,000 ounces of gold. Proven and probable mineral reserves estimated at 11.4 million ounces of gold.

Veladero is a conventional open-pit operation. Recovered gold is smelted on-site and shipped to an outside refinery for processing into bullion. Power is provided by a generator with a capacity of 13 megawatts.

The Veladero orebody is an oxide, gold-silver deposit, hosted by a Miocene diatreme-dome complex. Mineralization occurs in silicified volcanic breccias at the core of the high sulphidation alteration and is controlled by stratigraphy, structural trends and elevation. The mineralization in the deposit forms a broad, disseminated, 3-kilometer-long blanket along a N15°W-striking structural trend.

Drilling around the Veladero mine focused on adding resources and looking for extensions of mineralization. Early stage exploration continued in the Frontera district and outlined new gold and copper-gold targets for future testing.