Golden Minerals Company Announces Q3 2022 Gold Production

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 third quarter of 2022. Summary highlights include the following:

• Payable gold production: 2,972 oz Au
• Payable silver production: 11,907 oz Ag
• Payable gold equivalent production: 3,103 AuEq oz
• Average gold grade: 2.6 g/t Au
• Throughput (tonnes per day processed): 521 tpd
• Gold recovery: 74.6%
• Silver recovery: 77.6%
• Realized gold/silver prices (before selling and refining costs): $1,703/oz Au and $18.72/oz Ag

2022 year-to-date production data is shown in the table below.

Rodeo Operations Statistics
		Three Months Ended March 31, 2022			Three Months Ended June 30, 2022			Three Months Ended Sept. 30, 2022			Nine Months Ended Sept. 30, 2022
Tonnes mined (1)			203,591			213,925			192,545			610,061
Tonnes in stockpiles awaiting processing (2)			10,898			21,713			23,618			23,618
Tonnes in low grade stockpiles (3)			88,559			95,932			121,202			121,202
Tonnes processed			47,437			47,479			47,947			142,863
Average tonnes per day processed			527			522			521			523
Average gold grade processed (grams per tonne)			3.1			2.6			2.6			2.8
Average silver grade processed (grams per tonne)			11.6			10.4			10.4			10.8
Plant recovery - gold (%)			75.4			75.1			74.6			75.1
Plant recovery - silver (%)			82.8			82.3			77.6			81.0
Payable gold produced in dore (ounces)			3,608			3,004			2,972			9,584
Payable silver produced in dore (ounces)			13,944			12,768			11,907			38,619
Payable gold equivalent produced in dore (ounces) (4)			3,787			3,158			3,103			10,050
Gold sold in dore (ounces)			3,855			3,060			3,018			9,933
Silver sold in dore (ounces)			14,481			13,180			11,609			39,269
Gold equivalent sold in dore (ounces) (4)			4,040			3,219			3,145			10,405
Average realized price, before refining and selling costs
Gold (dollar per ounce)		$	1,887.65		$	1,864.99		$	1,703.10		$	1,824.60
Silver (dollar per ounce)		$	24.24		$	22.49		$	18.72		$	22.02
Notes:
(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 cutoff 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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221017005114/en/

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

Source: Golden Minerals Company

FAQ

What were the gold production numbers for Golden Minerals Company in Q3 2022?

Golden Minerals Company reported gold production of 2,972 oz in Q3 2022.

How much silver did Golden Minerals produce in Q3 2022?

The company produced 11,907 oz of silver during Q3 2022.

What was the average gold grade at the Rodeo mine in Q3 2022?

The average gold grade reported was 2.6 g/t in Q3 2022.

What is the stock symbol for Golden Minerals Company?

The stock symbol for Golden Minerals Company is AUMN.

What are the realized prices for gold and silver for Golden Minerals in Q3 2022?

The realized gold price was $1,703/oz and the silver price was $18.72/oz in Q3 2022.