EX-99.1 2 tm233201d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

 

Golden Minerals Company Reports Q4 and FY 2022 Gold Production

 

GOLDEN, CO - /BUSINESS WIRE/ - January 11, 2023 – 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 fourth quarter ending December 31, 2022 and full year 2022. Summary highlights include the following:

 

·Payable gold production: 2,398 oz Au in Q4 and 11,982 oz Au in FY 2022

·Payable silver production: 13,560 oz Ag in Q4 and 52,179 oz in FY 2022

·Payable gold equivalent production: 2,568 AuEq oz in Q4 and 12,616 AuEq oz in FY 2022

·Average gold grade: 2.0 g/t Au in Q4 and 2.6 g/t in FY 2022

·Throughput (tonnes per day processed): 573 tpd in Q4 and 536 g/t in FY 2022

·Gold recovery: 73.3% in Q4 and 74.7% in FY 2022

·Silver recovery: 82.0% in Q4 and 81.2% in FY 2022

·Realized gold/silver prices (before selling and refining costs): $1,729/oz Au and $21.69/oz Ag in Q4; $1,805/oz Au and $21.93/oz Ag in FY 2022

 

Rodeo Operations Statistics

 

   Q1 2022   Q2 2022   Q3 2022   Q4 2022   FY 2022 
Tonnes mined (1)   203,591    213,925    192,545    161,424    771,485 
Tonnes in stockpiles awaiting processing (2)   10,898    21,713    23,618    31,381    31,381 
Tonnes in low grade stockpiles (3)   88,559    95,932    121,202    193,479    193,479 
Tonnes processed   47,437    47,479    47,947    52,736    195,599 
Average tonnes per day processed   527    522    521    573    536 
                          
Average gold grade processed (grams per tonne)   3.1    2.6    2.6    2.0    2.6 
Average silver grade processed (grams per tonne)   11.6    10.4    10.4    10.2    10.6 
                          
Plant recovery - gold (%)   75.4    75.1    74.6    73.3    74.7 
Plant recovery - silver (%)   82.8    82.3    77.6    82.0    81.2 
                          
Payable gold produced in dore (ounces)   3,608    3,004    2,972    2,398    11,982 
Payable silver produced in dore (ounces)   13,944    12,768    11,907    13,560    52,179 
Payable gold equivalent produced in dore (ounces) (4)   3,787    3,158    3,103    2,568    12,616 
                          
Gold sold in dore (ounces)   3,855    3,060    3,018    2,518    12,451 
Silver sold in dore (ounces)   14,481    13,180    11,609    14,217    53,486 
Gold equivalent sold in dore (ounces) (4)   4,040    3,219    3,145    2,696    13,101 
                          
Average realized price, before refining and selling costs                         
Gold (dollar per ounce)  $1,887.65   $1,864.99   $1,703.10   $1,729.40   $1,805.34 
Silver (dollar per ounce)  $24.24   $22.49   $18.72   $21.69   $21.93 

 

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GOLDEN MINERALS COMPANY

350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060

 

 

 

 

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/ or contact:

 

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

SOURCE: Golden Minerals Company

 

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GOLDEN MINERALS COMPANY

350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060