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In page History of Uruguay:

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The first European explorer to land there was Juan Díaz de Solís in 1516, but he was killed by natives. Ferdinand Magellan anchored at the future site of Montevideo in 1520. Sebastian Cabot in 1526 explored Río de la Plata, but no permanent settlements were established at that time. The absence of gold and silver limited the settlement of the region during the 16th and 17th centuries. In 1603, cattle and horses were introduced by the order of Hernando Arias de Saavedra, and, by the mid-17th century, their number had greatly multiplied. The first permanent settlement on the territory of present-day Uruguay was founded by Spanish Jesuits in 1624 at Villa Soriano on the Río Negro, where they tried to establish a Misiones Orientales system for the Charrúas.[citation needed]