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

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

 

 

 

 

 

Golden Minerals Company (NYSE American: AUMN) (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.

 

Posted April 14, 2022

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