Golden Minerals Reports Q4 and FY 2022 Gold Production
ca.finance.yahoo.com
Wed, January 11, 2023 at 3:45 a.m. PST·3 min read
GOLDEN, Colo., January 11, 2023--( BUSINESS WIRE)--Golden Minerals Company ("Golden Minerals", "Golden" or the "Company") (NYSE American: AUMN) (TSX: AUMN) has reported production data from its Rodeo gold-silver mine (Durango State, Mexico) for the fourth quarter ending December 31, 2022 and full year 2022. Summary highlights include the following:
Payable gold production: 2,398 oz Au in Q4 and 11,982 oz Au in FY 2022
Payable silver production: 13,560 oz Ag in Q4 and 52,179 oz in FY 2022
Payable gold equivalent production: 2,568 AuEq oz in Q4 and 12,616 AuEq oz in FY 2022
Average gold grade: 2.0 g/t Au in Q4 and 2.6 g/t in FY 2022
Throughput (tonnes per day processed): 573 tpd in Q4 and 536 g/t in FY 2022
Gold recovery: 73.3% in Q4 and 74.7% in FY 2022
Silver recovery: 82.0% in Q4 and 81.2% in FY 2022
Realized gold/silver prices (before selling and refining costs): $1,729/oz Au and $21.69/oz Ag in Q4; $1,805/oz Au and $21.93/oz Ag in FY 2022
Rodeo Operations Statistics
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| Q1 2022
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| Q2 2022
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| Q3 2022
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| Q4 2022
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| FY 2022
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| Tonnes mined (1)
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| 203,591
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| 213,925
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| 192,545
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| 161,424
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| 771,485
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| Tonnes in stockpiles awaiting processing (2)
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| 10,898
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| 21,713
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| 23,618
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| 31,381
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| 31,381
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| Tonnes in low grade stockpiles (3)
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| 88,559
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| 95,932
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| 121,202
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| 193,479
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| 193,479
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| Tonnes processed
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| 47,437
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| 47,479
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| 47,947
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| 52,736
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|
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| 195,599
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| Average tonnes per day processed
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| 527
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| 522
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|
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| 521
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| 573
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| 536
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| Average gold grade processed (grams per tonne)
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| 3.1
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| 2.6
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| 2.6
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| 2.0
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| 2.6
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| Average silver grade processed (grams per tonne)
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| 11.6
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| 10.4
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| 10.4
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| 10.2
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| 10.6
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| Plant recovery - gold (%)
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| 75.4
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| 75.1
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| 74.6
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| 73.3
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| 74.7
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| Plant recovery - silver (%)
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| 82.8
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| 82.3
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| 77.6
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| 82.0
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| 81.2
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| Payable gold produced in dore (ounces)
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| 3,608
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| 3,004
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| 2,972
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| 2,398
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| 11,982
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| Payable silver produced in dore (ounces)
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| 13,944
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| 12,768
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| 11,907
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| 13,560
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| 52,179
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| Payable gold equivalent produced in dore (ounces) (4)
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| 3,787
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| 3,158
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| 3,103
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| 2,568
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| 12,616
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| Gold sold in dore (ounces)
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| 3,855
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| 3,060
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| 3,018
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| 2,518
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| 12,451
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| Silver sold in dore (ounces)
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| 14,481
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| 13,180
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| 11,609
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| 14,217
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| 53,486
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| Gold equivalent sold in dore (ounces) (4)
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| 4,040
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| 3,219
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| 3,145
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| 2,696
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| 13,101
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| Average realized price, before refining and selling costs
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| Gold (dollar per ounce)
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| $
| 1,887.65
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| $
| 1,864.99
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| $
| 1,703.10
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| $
| 1,729.40
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| $
| 1,805.34
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| Silver (dollar per ounce)
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| $
| 24.24
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| $
| 22.49
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| $
| 18.72
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| $
| 21.69
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| $
| 21.93
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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 https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.goldenminerals.com%2F&esheet=53195345&newsitemid=20230111005106&lan=en-US&anchor=http%3A%2F%2Fwww.goldenminerals.com%2F&index=3&md5=c09a990c0be0811c0adc9c7ed46756bd.
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Contacts
Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060 |
