UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report
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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 July 20, 2023, Golden Minerals Company issued a press release reporting production results for the second quarter of 2023. 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 |
| |
| 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: July 20, 2023
| 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 Reports Q2 2023 Gold Production
GOLDEN, CO - /BUSINESS WIRE/ - July 20, 2023 – 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 | ||||||||||||
| Six Months | ||||||||||||
| Qtr. Ended | Qtr. Ended | Ended Jun. 30, | ||||||||||
| Mar. 31, 2023 | Jun. 30, 2023 | 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
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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
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.
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