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Golden Minerals Company Announces Q3 2022 Gold Production

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Golden Minerals Company Announces Q3 2022 Gold Production

 

 

 

 

 

Golden Minerals Company (NYSE American: AUMN) (TSX: AUMN) has reported production data from its Rodeo gold-silver mine for the third quarter of 2022. Summary highlights include the following:

  • Payable gold production: 2,972 oz Au
  • Payable silver production: 11,907 oz Ag
  • Payable gold equivalent production: 3,103 AuEq oz
  • Average gold grade: 2.6 g/t Au
  • Throughput (tonnes per day processed): 521 tpd
  • Gold recovery: 74.6%
  • Silver recovery: 77.6%
  • Realized gold/silver prices (before selling and refining costs): $1,703/oz Au and $18.72/oz Ag

 

2022 year-to-date production data is shown in the table below.

 

Rodeo Operations Statistics
Three Months
Ended March 31,
2022
Three Months
Ended June 30,
2022
Three Months
Ended Sept. 30,
2022
Nine Months
Ended Sept. 30,
2022
Tonnes mined (1) 203,591 213,925 192,545 610,061
Tonnes in stockpiles awaiting processing (2) 10,898 21,713 23,618 23,618
Tonnes in low grade stockpiles (3) 88,559 95,932 121,202 121,202
Tonnes processed 47,437 47,479 47,947 142,863
Average tonnes per day processed 527 522 521 523
Average gold grade processed (grams per tonne) 3.1 2.6 2.6 2.8
Average silver grade processed (grams per tonne) 11.6 10.4 10.4 10.8
Plant recovery – gold (%) 75.4 75.1 74.6 75.1
Plant recovery – silver (%) 82.8 82.3 77.6 81.0
Payable gold produced in dore (ounces) 3,608 3,004 2,972 9,584
Payable silver produced in dore (ounces) 13,944 12,768 11,907 38,619
Payable gold equivalent produced in dore (ounces) (4) 3,787 3,158 3,103 10,050
Gold sold in dore (ounces) 3,855 3,060 3,018 9,933
Silver sold in dore (ounces) 14,481 13,180 11,609 39,269
Gold equivalent sold in dore (ounces) (4) 4,040 3,219 3,145 10,405
Average realized price, before refining and selling costs
Gold (dollar per ounce) $ 1,887.65 $ 1,864.99 $ 1,703.10 $ 1,824.60
Silver (dollar per ounce) $ 24.24 $ 22.49 $ 18.72 $ 22.02
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.

 

Posted October 17, 2022

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