Golden Minerals Company Reports Q2 2023 Gold Production
July 20 2023 - 6:45AM
Business Wire
Golden Minerals Company (“Golden Minerals”, “Golden” or the
“Company”) (NYSE American: AUMN and TSX: AUMN) has reported
production figures from its Rodeo gold-silver mine (Durango State,
Mexico) for the three- and six- month periods ended June 30, 2023.
The Company concluded open pit mining at the Rodeo mine during the
month of June and moved to processing of stockpiled material.
Rodeo Operations Statistics Qtr. EndedMar. 31,
2023 Qtr. EndedJun. 30, 2023 Six MonthsEndedJun. 30,
2023 Tonnes mined (1)
154,371
72,525
226,896
Tonnes in stockpiles awaiting processing (2)
18,467
10,669
10,669
Tonnes in low grade stockpiles (3)
133,349
111,422
111,422
Tonnes processed
54,272
50,787
105,059
Average tonnes per day processed
603
558
580
Average gold grade processed (grams per tonne)
1.6
1.6
1.6
Average silver grade processed (grams per tonne)
9.0
5.8
7.4
Plant recovery - gold (%)
72.6
71.6
72.2
Plant recovery - silver (%)
75.5
85.6
80.4
Payable gold produced in dore (ounces)
2,081
1,828
3,909
Payable silver produced in dore (ounces)
11,535
7,742
19,277
Payable gold equivalent produced in dore (ounces) (4)
2,219
1,923
4,142
Gold sold in dore (ounces)
2,112
1,726
3,838
Silver sold in dore (ounces)
11,369
7,745
19,114
Gold equivalent sold in dore (ounces) (4)
2,248
1,821
4,069
Average realized price, before refining and selling costs
Gold (dollar per ounce)
$
1,891.24
$
1,976.45
$
1,929.56
Silver (dollar per ounce)
$
22.60
$
24.34
$
23.31
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
In addition, the Company sold approximately 656 tonnes of
gold-rich pyrite concentrate, 118 tonnes of silver-rich lead
concentrate and 63 tonnes of zinc concentrate during the second
quarter 2023. The concentrate was produced from mineralized
material from the Velardeña Properties that was mined and
stockpiled during 2022 as part of the test-mining program.
About Golden Minerals
Golden Minerals is a gold and silver producer based in Golden,
Colorado. The Company is primarily focused on producing gold and
silver from its Rodeo Mine, advancing its Velardeña and Yoquivo
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230720159070/en/
For additional information please visit
http://www.goldenminerals.com/ or contact:
Golden Minerals Company Karen Winkler, Director of Investor
Relations (303) 839-5060
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