Golden Minerals Company Reports Q1 2023 Gold Production

Rhea-AI Summary

Golden Minerals Company (NYSE American: AUMN) has announced production figures for its Rodeo gold-silver mine in Durango State, Mexico, for the first quarter of 2023. Key statistics include:

• Tonnes mined: 154,371
• Tonnes processed: 54,272
• Average tonnes per day processed: 603
• Gold produced: 2,081 ounces
• Silver produced: 11,535 ounces
• Average gold grade processed: 1.6 grams per tonne
• Average silver grade processed: 9.0 grams per tonne
• Average gold price realized: $1,891.24 per ounce
• Average silver price realized: $22.60 per ounce

This quarter's operations reflect the ongoing production and recovery capabilities of the Rodeo mine, positioning Golden Minerals favorably in the market.

Positive

• Tonnes mined increased to 154,371.
• Total gold production was 2,081 ounces.
• Silver production reached 11,535 ounces.
• Average gold grade processed was 1.6 grams per tonne.
• High plant recovery rates for gold (72.6%) and silver (75.5%).

Negative

• Only 54,272 tonnes were processed, indicating potential processing limitations.

GOLDEN, Colo.--(BUSINESS WIRE)-- Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) has reported production figures from its Rodeo gold-silver mine (Durango State, Mexico) for the three months ending March 31, 2023.

Rodeo Operations Statistics
			Q1 2023
Tonnes mined (1)				154,371
Tonnes in stockpiles awaiting processing (2)				18,467
Tonnes in low grade stockpiles (3)				133,349
Tonnes processed				54,272
Average tonnes per day processed				603
Average gold grade processed (grams per tonne)				1.6
Average silver grade processed (grams per tonne)				9.0
Plant recovery - gold (%)				72.6
Plant recovery - silver (%)				75.5
Payable gold produced in dore (ounces)				2,081
Payable silver produced in dore (ounces)				11,535
Payable gold equivalent produced in dore (ounces) (4)				2,219
Gold sold in dore (ounces)				2,112
Silver sold in dore (ounces)				11,369
Gold equivalent sold in dore (ounces) (4)				2,248
Average realized price, before refining and selling costs
	Gold (dollar per ounce)		$	1,891.24
	Silver (dollar per ounce)		$	22.60

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 gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine, advancing its Velardeña and Yoquivo 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230418005278/en/

For additional information please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

Source: Golden Minerals Company

FAQ

What are the recent production figures for Golden Minerals Company (AUMN) from the Rodeo mine?

In Q1 2023, Golden Minerals reported 154,371 tonnes mined and 54,272 tonnes processed.

How much gold and silver did Golden Minerals produce in Q1 2023?

The company produced 2,081 ounces of gold and 11,535 ounces of silver during the first quarter of 2023.

What was the average gold grade processed at the Rodeo mine in Q1 2023?

The average gold grade processed was 1.6 grams per tonne in Q1 2023.

What was the average realized price of gold for Golden Minerals in Q1 2023?

The average realized price for gold in Q1 2023 was $1,891.24 per ounce.

What are the recovery rates for gold and silver at the Rodeo mine?

The plant recovery rates were 72.6% for gold and 75.5% for silver.