Golden Minerals Company


Why Invest in Golden Minerals Company?

  • $4.5M annual net operating margin from plant lease in Mexico
  • Expected duration at least through 2020
  • $0.05 per share per year
  • M&I resources: 78M oz AgEq1
  • Inferred resources: 39M oz AgEq
  • Total resource: 1.2 AgEq oz in the ground per share of AUMN
  • El Quevar PEA $45M NPV (2018)2
  • Santa Maria PEA $6M NPV (2017) – update in progress
  • Velardeña mine & 300 tpd sulfide plant on stand-by
Cash $5.0M (as of 9/30/18)
Debt Zero
Project Pipeline Mexico: Yoquivo, Mogotes, Flechas, Navegantes
Experience Experienced management and directors; strong technical staff

1 AgEq calculated based on Ag and Au resources where 1 oz Au equals 72 oz Ag
2 Amec Foster Wheeler E&I Services Inc., Aug. 2018. NPV calculated at 5% discount for El Quevar,
   8% discount for Santa Maria and Velardeña

Growth Catalysts to Watch in 2018:

  • Velardeña — realization of cash flow from oxide plant lease
    • $2.3M net operating margin (YTD, June 30)
  • El Quevar — resource reported February 2018; PEA in progress Q3 2018
    • Reported high-grade Indicated Resource with ~45M oz Ag grading 482 g/t
    • PEA announced Sept. 2018: outlines potential for a 6-year mine life with 4.8M oz
      annual production
    • Significant opportunity to expand resource through exploration
  • Santa Maria — updating resource; will issue revised 43-101 and PEA
    • PEA reported Oct. 2018: shows significant improvements in cash flow, profitability and metals production
  • Celaya — earn-in agreement with The Electrum Group
    • Feb. 2018: Electrum paid $1M to Golden to increase their earn-in potential
    • Sep. 2018: Electrum paid $3M to Golden to purchase Golden's remaining interest

Press Releases   Stock Information
November 15, 2018 – Golden Minerals Announces SEDAR Filing of PEA for Santa Maria Silver-Gold Project   Golden Minerals Company common shares trade on the TSX and the NYSE American, both under ticker symbol AUMN.
November 15, 2018 – Golden Minerals Acquires Navegantes Silver Exploration Project   NYSE American
November 6, 2018 – Golden Minerals Reports Third Quarter 2018 Results   TSX

January 2019
Annual Report
December 2017
November 2018
January 2019 2016 Golden Minerals Annual Report
Precious Metals Summit Presentation,
September 20-22, 2018
Vancouver Resource Investment Conference Presentation,
Jan. 20-21, 2019
Golden Minerals Corporate Presentation March 2018 CEO Warren Rehn presents at
2018 Precious Metals Summit
Beaver Creek, Colorado,
September 20-22, 2018
Click here for the webcasting link.
Vancouver Resource Investment Conference Presentation, 
Jan. 20-21, 2019


©2009-2018 Golden Minerals Company