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Golden Minerals Company Reports Q4 and FY 2022 Gold Production

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Golden Minerals Company Reports Q4 and FY 2022 Gold Production

 

 

 

 

 

Golden Minerals 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.

 

Posted January 11, 2023

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