Every year, between late October and November, Pico Truncado –Santa Cruz– hosts the National Southern Folklore Festival. Delegations from cities all over Argentina compete in dance and singing categories for the well-known «Golden Penguin» award.
Categories include female and male vocal soloist, vocal group, vocal duo, gaucho recitation, southern and northern malambo, traditional and stylized folk dance couples and groups, tableau dance groups and stylized tango couples. The jury is made up of dance, singing, music and recitation teachers.
The festival opens with the Australito, a dance and singing showcase featuring hundreds of children. Over the following days, regional, national and international acts take turns on stage, and many regional artisans display their work.
In 2026 it takes place over two weekends: October 31 and November 1, with local and regional delegations and artists, and November 6 to 8, with the national stage and the Golden Penguin awards. Admission is free.