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

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Golden Minerals Company (AMEX: AUMN) reported its second-quarter production results from the Rodeo mine in Mexico, revealing significant outputs. The company achieved 3,004 ounces of payable gold and 12,768 ounces of payable silver, translating to a total of 3,158 gold equivalent ounces. The average gold grade was reported at 2.6 g/t, with a daily processing throughput of 522 tonnes. The company realized an average gold price of $1,865 per ounce and silver at $22.49 per ounce for the period.

Positive
  • Payable gold production reached 3,004 ounces.
  • Payable silver production totaled 12,768 ounces.
  • Average gold grade processed was 2.6 g/t.
  • Average gold price realized was $1,865 per ounce.
Negative
  • Gold recovery rate declined to 75.1% from 75.4%.
  • Silver recovery rate decreased to 82.3% from 82.8%.

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/.

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

Source: Golden Minerals Company

FAQ

What were the production figures for AUMN's Rodeo mine in Q2 2022?

In Q2 2022, AUMN's Rodeo mine produced 3,004 ounces of payable gold and 12,768 ounces of payable silver.

What is the average gold recovery rate for Golden Minerals in Q2 2022?

The average gold recovery rate for Golden Minerals in Q2 2022 was 75.1%.

What was the average realized gold price for AUMN in Q2 2022?

The average realized gold price for AUMN in Q2 2022 was $1,865 per ounce.

How much total gold equivalent did AUMN produce in the second quarter of 2022?

Golden Minerals produced a total of 3,158 gold equivalent ounces in Q2 2022.

Golden Minerals Company

NYSE:AUMN

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