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Golden Minerals Company.

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.

Follow us at  www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals

For additional information please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
SOURCE: Golden Minerals Company


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