Golden Minerals Company Produces 3,004 oz Gold During Q2 2022

2022-07-14 03:52:55

GOLDEN, Colo. / Jul 14, 2022 / 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 second quarter of 2022. Summary highlights include the following:

  • Payable gold production: 3,004 oz Au
  • Payable silver production: 12,768 oz Ag
  • Payable gold equivalent production: 3,158 AuEq oz
  • Average gold grade: 2.6 g/t Au
  • Throughput (tonnes per day processed): 522 tpd
  • Gold recovery: 75.1%
  • Silver recovery: 82.3%
  • Realized gold/silver prices (before selling and refining costs): $1,865/oz Au and $22.49/oz Ag

Full production data is shown in the table below:




























 

Three Months

Ended

March 31, 2022

 

Three Months

Ended

June 30, 2022

 

Six Months

Ended

June 30, 2022

 
             
Total tonnes mined (1)

203,591

 

213,925

 

417,516

 
Total tonnes in stockpiles awaiting processing (2)

10,898

 

21,713

 

21,713

 
Total tonnes in low grade stockpiles (3)

88,559

 

95,932

 

95,932

 
Tonnes processed

47,437

 

47,479

 

94,916

 
Average tonnes per day processed

527

 

522

 

524

 
 

 

 

 

 

 

 
Average gold grade processed (grams per tonne)

3.1

 

2.6

 

2.9

 
Average silver grade processed (grams per tonne)

11.6

 

10.4

 

11.0

 
 

 

 

 

 

 

 
Plant recovery – gold (%)

75.4

 

75.1

 

75.3

 
Plant recovery – silver (%)

82.8

 

82.3

 

82.6

 
 

 

 

 

 

 

 
Payable gold produced in dore (ounces)

3,608

 

3,004

 

6,612

 
Payable silver produced in dore (ounces)

13,944

 

12,768

 

26,712

 
Payable gold equivalent produced in dore (ounces) (4)

3,787

 

3,158

 

6,945

 
 

 

 

 

 

 

 
Gold sold in dore (ounces)

3,855

 

3,060

 

6,915

 
Silver sold in dore (ounces)

14,481

 

13,180

 

27,661

 
Gold equivalent sold in dore (ounces) (4)

4,040

 

3,219

 

7,260

 
 

 

 

 

 

 

 
Average realized price, before refining and selling costs

 

 

 

 

 

 
Gold (dollar per ounce)

$1,888

 

$1,865

 

$1,878

 
Silver (dollar per ounce)

$24.24

 

$22.49

 

$23.40

 

(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/.





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