Golden Minerals Company Announces Q3 2022 Gold Production
October 17, 2022 at 06:46 am EDT
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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 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.
Follow us atwww.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/20221017005114/en/
Golden Minerals Company is a precious metals mining exploration company. The Company is primarily focused on advancing its Yoquivo property in Mexico and, through partner-funded exploration, advancing its El Quevar silver property in Argentina. It is also focused on acquiring and advancing selected mining properties in Mexico, Nevada and Argentina. The Yoquivo Project is located 210 km west-southwest of the city of Chihuahua, in Ocampo Municipality, Chihuahua State. The Yoquivo Project consists of approximately seven mining concessions with an area totaling about 1,975 hectares (Ha). The El Quevar silver exploration project is located in the San Antonio de los Cobres municipality, Salta Province, in the altiplano region of northwestern Argentina. The El Quevar project is comprised of approximately 31 mining concessions that it holds directly or indirectly through its wholly owned subsidiaries. In total, the El Quevar project encompasses approximately 57,000 Ha.