A vessel which sank carrying US$18m in gold and silver ingots was found in the Magellan Straits off the coast of Argentina. The cargo belonging to Argentine mining companies Cerro Vanguardia and Minera Triton was on its way from mines in southern Argentina to Europe. The boat sank in heavy seas 40km (25 miles) off the coast in mysterious circumstances. Although found 24 hours later attempts to bring it into port failed. A boat carrying sonar equipment sailing under the orders of the Argentine mining companies and the insurer Lloyds has found the wreck but will they find gold on board?