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

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/20220414005133/en/

Golden Minerals Company Karen Winkler, Director of Investor Relations [phone]