8-K
Golden Minerals Co (AUMN)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 14, 2022
GOLDEN MINERALS COMPANY
(Exact name of registrant as specified in its charter)
| delaware | 1-13627 | 26-4413382 |
|---|---|---|
| (State or other jurisdiction of<br><br>incorporation or organization) | (Commission<br><br>File Number) | (I.R.S. Employer<br><br>Identification Number) |
350 Indiana Street, Suite 650
Golden, Colorado 80401
Registrant’s telephone number, including area code:
(303) 839-5060
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.01 par value | AUMN | NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
TABLE OF CONTENTS
| Item 2.02 | Results of Operations and Financial Condition. |
|---|---|
| Item 9.01 | Financial Statements and Exhibits. |
| Signature |
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| Item 2.02 | Results of Operations and Financial Condition. |
|---|
On April 14, 2022, Golden Minerals Company issued a press release reporting production results for the first quarter of 2022. A copy of the press release is attached to this report as Exhibit 99.1.
The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. |
|---|---|
| (d) | Exhibits. |
| --- | --- |
| Exhibit No. | Description |
| --- | --- |
| 99.1 | Press release of Golden Minerals Company, dated April 14, 2022, reporting first quarter production results. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 14, 2022
| Golden Minerals Company | |
|---|---|
| By: | /s/ Julie Z. Weedman |
| Name: Julie Z. Weedman | |
| Title: Senior Vice President and Chief Financial Officer |
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Exhibit 99.1
Golden Minerals Company Produces 3,608 oz Goldin First Quarter 2022
GOLDEN, CO - /BUSINESS WIRE/ - April 14, 2022 – – 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 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<br>oz |
| --- | --- |
| · | Average gold grade: 3.1 g/t Au |
| --- | --- |
| · | Throughput (tonnes per day (“tpd”)<br>processed): 527 tpd |
| --- | --- |
| · | Gold recovery: 75.4% |
| --- | --- |
| · | Silver recovery: 82.8% |
| --- | --- |
| · | Realized gold/silver prices (before selling and<br>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
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G O L D E N M I N E R A L S C O M P A N Y
350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060
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 at****www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals
For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
SOURCE: Golden Minerals Company
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G O L D E N M I N E R A L S C O M P A N Y
350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060