Golden Minerals Company
PROJECTS – Project Pipeline

Golden Minerals Projects and Properties


  • Formerly operating silver and gold property in Durango State, Mexico, 560 hectares
  • 100-percent owned
  • On care and maintenance since end-2015
  • Assets include two underground mines, one
    550-tpd oxide mill and one 300-tpd sulfide mill
  • Oxide mill leased to Hecla Mining Co. since 2015; provides ~$4.5 million net annual operating margin to Golden Minerals
  • Ample equipment on hand to support nearby exploration and development activities

El Quevar

  • 57,000-hectare, Advanced Exploration-stage silver project in Salta Province, Argentina
  • 100-percent controlled
  • District potential in scope
  • High grade deposit reported Feb. 2018: Indicated Resource 482 gpt Ag; Inferred 417 gpt Ag*
  • Substantial opportunity exists to expand the size of the current (~3.2 million tonnes; ~50 million oz silver) resource
  • Over 100,000 meters drilled to date
  • Completed positive Preliminary Economic Assessment in September 2018 that indicates potential for a profitable mining operation with ~5 million oz. annual silver production

* Technical report available on

Mexico Exploration Properties

Golden controls or holds options to purchase a portfolio of roughly 10 exploration properties located in or near historical precious metals mining areas in Mexico. They include:

Santa Maria

  • Silver and gold mine near Parral District in southern Chihuahua State
  • Concessions held via two options to purchase
  • Resource: 4.3 million oz silver, 14,000 oz gold (Tetra Tech 43-101, Sept. 2018)
  • Drilling campaigns 2015-2018; expanded project size with 2017 acquisition of 77 ha
  • Golden has conducted successful test mining of 7,500 tonnes since 2015, averaging 338 gpt silver and 0.7 gpt gold
  • Second Preliminary Economic Assessment announced Sept. 2018: 4.2-year mining operation, payable production of 3.13m oz AgEq, NPV $10.6M and after-tax cash flow $12.4M*

* Tetra Tech, Sept 14, 2018 PEA; uses 3-year trailing average prices of Ag $16.63/oz and Au $1,238/oz per SEC reporting guidelines. See "Resources and 43-101 Reports" page for report details.


  • 1,900-hectare gold project 80 kilometers west of Velardeña
  • ~2,100-meter core drill program conducted 2016
  • 43-101 resource announced 2017
  • Preliminary met studies show 86% and 73% mill recoveries for gold and silver
  • Potential open-pit source of material for Velardeña's oxide mill after lease with Hecla concludes
  • Placed on hold given Hecla lease currently slated to run through 2020
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