Golden Minerals Company Produces 3,004 oz Gold During Q2 2022

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07/14/2022 - 06:45 AM

GOLDEN, Colo.--(BUSINESS WIRE)-- 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/.