Golden Minerals Company Produces 3,004 oz Gold During Q2 2022
Content was created on: July 14, 2022
GOLDEN, CO - /BUSINESS WIRE/ - July 14, 2022 – Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) has reported production data from its Rodeo gold-silver mine (Durango State, Mexico) for the second quarter of 2022. Summary highlights include the following:
Payable gold production: 3,004 oz Au
Payable silver production: 12,768 oz Ag
Payable gold equivalent production: 3,158 AuEq oz
Average gold grade: 2.6 g/t Au
Throughput (tonnes per day processed): 522 tpd
Gold recovery: 75.1%
Silver recovery: 82.3%
Realized gold/silver prices (before selling and refining costs): $1,865/oz Au and $22.49/oz Ag
Full production data is shown in the table below:
Three Months Ended March 31, 2022
Three Months Ended June 30, 2022
Six Months Ended June 30, 2022
Total tonnes mined (1)
203,591
213,925
417,516
Total tonnes in stockpiles awaiting processing (2)
10,898
21,713
21,713
Total tonnes in low grade stockpiles (3)
88,559
95,932
95,932
Tonnes processed
47,437
47,479
94,916
Average tonnes per day processed
527
522
524
Average gold grade processed (grams per tonne)
3.1
2.6
2.9
Average silver grade processed (grams per tonne)
11.6
10.4
11.0
Plant recovery - gold (%)
75.4
75.1
75.3
Plant recovery - silver (%)
82.8
82.3
82.6
Payable gold produced in dore (ounces)
3,608
3,004
6,612
Payable silver produced in dore (ounces)
13,944
12,768
26,712
Payable gold equivalent produced in dore (ounces) (4)
3,787
3,158
6,945
Gold sold in dore (ounces)
3,855
3,060
6,915
Silver sold in dore (ounces)
14,481
13,180
27,661
Gold equivalent sold in dore (ounces) (4)
4,040
3,219
7,260
Average realized price, before refining and selling costs
Gold (dollar per ounce)
$1,888
$1,865
$1,878
Silver (dollar per ounce)
$24.24
$22.49
$23.40
(1) Includes all mined material transported to the plant, stockpiled or designated as waste
(2) Includes mined material stockpiled at the mine or transported to the plant awaiting processing in the plant
(3) Material grading between 1.6 g/t (current cut off grade) and 1 g/t Au held for possible future processing
(4) Gold equivalents based on realized $ Au and $ Ag price
About Golden Minerals
Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.
