Golden Minerals Company Announces Q3 2022 Gold Production

GOLDEN, Colo.--(BUSINESS WIRE)--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 at www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals

For additional information please visit http://www.goldenminerals.com/.