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 $2.5M (as of 6/30/18), +$3M from Celaya sale (Sept. 2018)
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 in progress Q3 2018
    • 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 6, 2018 – Golden Minerals Reports Third Quarter 2018 Results   Golden Minerals Company common shares trade on the TSX and the NYSE American, both under ticker symbol AUMN.
October 31, 2018 – Golden Minerals Identifies High-Grade Gold and Silver Veins at Yoquivo   NYSE American
October 17, 2018 – Golden Minerals Announces Sedar Filing of Pea for El Quevar Silver Project   TSX

September 2018
Annual Report
December 2017
INVESTORFACT SHEETMay 2018 2016 Golden Minerals Annual Report  
Precious Metals Summit Presentation,
September 20-22, 2018
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.


©2009-2018 Golden Minerals Company