Golden Minerals Announces Sedar Filing of Preliminary Economic Assessment for Rodeo Gold Project

Rhea-AI Summary

Golden Minerals Company (AUMN) has filed a Preliminary Economic Assessment (PEA) and Technical Report for its Rodeo open pit gold project in Mexico. The report, prepared by Mineral Resources Engineering, is now available on SEDAR and the Company's website. Rodeo is located approximately 80 kilometers from the Velardeña Properties, highlighting the Company’s focus on advancing its mining assets. The report was dated May 27, 2020, and reviewed by President Warren Rehn. Golden Minerals is dedicated to its projects in Mexico and Argentina, aiming to enhance shareholder value.

Positive

• Filing of a Preliminary Economic Assessment (PEA) for Rodeo project indicates progress.
• Technical Report prepared by an independent firm enhances credibility.
• Project location near existing assets may streamline operations.

Negative

• None.

GOLDEN, Colo., May 28, 2020 (GLOBE NEWSWIRE) -- Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce the filing on SEDAR of a Preliminary Economic Assessment (“PEA”) and accompanying Technical Report for its Rodeo open pit gold project. Rodeo is located in Durango State, Mexico approximately 80 kilometers west of the Company’s Velardeña Properties. The report is dated May 27, 2020 and has been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of Mineral Resources Engineering.

The Technical Report is available for review on SEDAR (www.sedar.com) and on the Company’s website at https://www.goldenminerals.com/projects/technical-reports/

Qualified Persons

The Report was prepared by the following Qualified Person as defined by NI 43-101:

- Mr. David E. Drips, MMSA QP Member, Mineral Resources Engineering

The contents of this press release have been reviewed and approved by Mr. Warren Rehn, QP MMSA, President and Chief Executive Officer of Golden Minerals Company.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its Rodeo and Velardeña Properties in Mexico and, through partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico and Nevada.

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

Golden Minerals Company
Karen Winkler
Director of Investor Relations
(303) 764-9170
SOURCE: Golden Minerals Company

FAQ

What is the significance of the Preliminary Economic Assessment filed by AUMN?

The PEA demonstrates progress in the Rodeo project, potentially increasing investor confidence and advancing project development.

Where can I find the Technical Report for AUMN's Rodeo project?

The Technical Report is available for review on SEDAR and the Golden Minerals website.

When was the Preliminary Economic Assessment for AUMN's Rodeo project dated?

The report was dated May 27, 2020.

Who prepared the Technical Report for AUMN?

The Technical Report was prepared by Mineral Resources Engineering, an independent firm.