AUMN.TO · 2022-04-14 12:00:00

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

Production Results

GOLDEN, Colo.--(BUSINESS WIRE)--April 14, 2022--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.

https://twitter.com/Golden_Minerals.

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

Contacts

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

← Back to feed