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 first quarter of 2022. Summary highlights include the following:

  • Payable gold production: 3,608 oz Au
  • Payable silver production: 13,944 oz Ag
  • Payable gold equivalent production: 3,787 AuEq oz
  • Average gold grade: 3.1 g/t Au
  • Throughput (tonnes per day (“tpd”) processed): 527 tpd
  • Gold recovery: 75.4%
  • Silver recovery: 82.8%
  • Realized gold/silver prices (before selling and refining costs): $1,888/oz Au and $24.24/oz Ag

Full production data for the first quarter 2022 is shown in the table below:

Three Months Ended Mar. 31, 2022       Total tonnes mined (1)

203,591

  Total tonnes in stockpiles awaiting processing (2)

10,898

  Total tonnes in low grade stockpiles (3)

88,559

  Tonnes processed

47,437

  Tonnes per day processed

527

      Gold grade processed (grams per tonne)

3.1

  Silver grade processed (grams per tonne)

11.6

      Plant recovery - gold (%)

75.4

  Plant recovery - silver (%)

82.8

      Payable gold produced in dore (ounces)

3,608

  Payable silver produced in dore (ounces)

13,944

  Payable gold equivalent produced in dore (ounces) (4)

3,787

      Gold sold in dore (ounces)

3,855

  Silver sold in dore (ounces)

14,481

  Gold equivalent sold in dore (ounces) (4)

4,040

      Realized price, before refining and selling costs   Gold (dollar per ounce)

$1,888

  Silver (dollar per ounce)

$24.24

 

(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/.

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

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