Golden Minerals Files Initial NI 43-101 Technical Report for Yoquivo

Rhea-AI Summary

Golden Minerals Company (AMEX:AUMN) has filed a NI 43-101 Technical Report for the Yoquivo project, prepared by Mine Technical Services Ltd., with an effective date of February 24, 2023. The report presents an initial Mineral Resource estimate and is accessible on SEDAR and the company's website. The Qualified Persons involved in the report include Todd Wakefield, Edward J. C. Orbock III, and Brian Arthur, all affiliated with Mine Technical Services Ltd. The report has been approved by Warren Rehn, the CEO of Golden Minerals. The company remains focused on gold and silver production, primarily from its Rodeo Mine, and exploring properties in Mexico and Argentina.

Positive

• Initial Mineral Resource estimate for the Yoquivo project filed, indicating potential for future resource expansion.
• The report was prepared by an independent and qualified firm, enhancing credibility.
• Accessible technical report could attract investor interest.

Negative

• None.

GOLDEN, Colo.--(BUSINESS WIRE)-- Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) announced today that it has filed a NI 43-101 Technical Report on an initial Mineral Resource estimate for its Yoquivo project. The report was prepared by the independent firm of Mine Technical Services Ltd. and has an effective date of February 24, 2023. The report is available for review on SEDAR (www.sedar.com) and on the Company’s website at https://www.goldenminerals.com/projects/technical-reports/.

Qualified Persons

The report was prepared by the following Qualified Persons as defined by NI 43-101:

• Mr. Todd Wakefield, RM SME – Mine Technical Services Ltd.
• Mr. Edward J. C. Orbock III, RM SME – Mine Technical Services Ltd.
• Mr. Brian Arthur, RM SME – Mine Technical Services Ltd.

The contents of this press release have been reviewed and approved by Mr. Warren Rehn, QP MMSA, President and Chief Executive Officer of Golden Minerals Company.

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.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230324005054/en/

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

Source: Golden Minerals Company

FAQ

What is the significance of the NI 43-101 Technical Report filed by Golden Minerals (AUMN)?

The NI 43-101 Technical Report provides an initial Mineral Resource estimate for the Yoquivo project, essential for future exploration and development.

Who prepared the Technical Report for Golden Minerals' Yoquivo project?

The Technical Report was prepared by the independent firm Mine Technical Services Ltd.

When was the effective date of the Technical Report for the Yoquivo project?

The effective date of the Technical Report is February 24, 2023.

Where can I access the Technical Report filed by Golden Minerals (AUMN)?

The report can be accessed on SEDAR and on Golden Minerals' official website.

Who approved the contents of the Technical Report for Golden Minerals (AUMN)?

The contents were approved by Warren Rehn, the President and CEO of Golden Minerals.