en.Wedoany.com Reported - The Argentine government has approved the RIGI (Large Investment Incentive Regime) application for the Diablillos gold-silver deposit, located on the border between the provinces of Salta and Catamarca, with a total project investment of US$481.7 million. According to Resolution No. 562/2026 published by the Ministry of Economy in the Official Gazette, the project consists of fifteen adjacent and overlapping mining concessions, including the construction of a processing plant with a nominal capacity of 3.15 million tons per year, as well as waste rock dumps, stockpile areas, service centers, vehicle maintenance workshops, warehouses, offices, laboratories, construction and operation camps, contractor yards, access roads, and water and power supply infrastructure, with the objective of extracting and mining gold and silver in the form of doré bars.

The development of the Diablillos gold-silver mine project is expected to have a total construction period starting in July 2026, with production anticipated to commence in July 2029. The investment plan for computable assets in the first two years is: US$98.5 million in the first year and US$253.9 million in the second year, totaling US$352.4 million, exceeding the minimum investment requirement of 40% stipulated by the regulations.

Furthermore, the supplier development plan for the Diablillos gold-silver mine indicates that during the construction and operation phases of the project, 55% of the total investment amount paid to suppliers for goods and infrastructure works will be allocated to local suppliers, a proportion that exceeds the 20% requirement set by the regulations.

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