Golden Minerals Company Reports Q4 and FY 2022 Gold Production

2023-01-11 04:50:24

GOLDEN, Colo. / Jan 11, 2023 / Business Wire / Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN) (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

 

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/.




Source link