Golden Minerals Company Produces 3,608 oz Gold in First Quarter 2022

Rhea-AI Summary

Golden Minerals Company (AUMN) reported Q1 2022 production results from its Rodeo gold-silver mine in Mexico. Key metrics include: 3,608 oz of payable gold, 13,944 oz of payable silver, and 3,787 AuEq oz produced. The average gold grade processed was 3.1 g/t, with a gold recovery of 75.4% and silver recovery of 82.8%. Payable gold and silver sold reached 3,855 oz and 14,481 oz respectively, with realized prices of $1,888/oz for gold and $24.24/oz for silver.

Positive

• Payable gold production of 3,608 oz indicating solid mining performance.
• Realized gold price of $1,888/oz showing favorable market conditions.

Negative

• Gold recovery rate at 75.4% may suggest potential inefficiencies in extraction.

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 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/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220414005133/en/

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

Source: Golden Minerals Company

FAQ

What was the gold production for Golden Minerals Company in Q1 2022?

Golden Minerals Company produced 3,608 oz of payable gold in Q1 2022.

What are the realized prices for gold and silver for Golden Minerals in Q1 2022?

The realized prices were $1,888/oz for gold and $24.24/oz for silver.

What is the gold equivalent production for AUMN in Q1 2022?

The gold equivalent production was reported at 3,787 AuEq oz.

What is the average gold grade processed by Golden Minerals in Q1 2022?

The average gold grade processed was 3.1 g/t.

What was the silver production for AUMN in Q1 2022?

The company reported silver production of 13,944 oz in Q1 2022.