Golden Minerals presentation during the BMO Capital Markets 22nd Annual Global Metals & Mining Conference
on February 27, 2013. Click here to view webcast.
2012 Annual Report
CORPORATE PROFILE Golden Minerals Company is a Delaware corporation, publicly traded on the Toronto and the New York MKT Stock Exchanges. Golden Minerals owns the Velardeña Mining Operations in Durango State, Mexico, the evaluation stage El Quevar silver project in the Salta province of northwestern Argentina, and a portfolio of precious metals exploration properties located in or near historical precious metals producing regions of Mexico and South America. Our total company resources are estimated at approximately 64.6 million silver equivalent ounces in the Measured and Indicated category, plus an additional 65.8 million silver equivalent ounces in the Inferred category.*more...
PROJECTS Golden Minerals owns mine operations in Durango State, Mexico. The Velardeña Mining District, property the company acquired in September 2011, contains a significant high-grade silver and gold resource with associated base metals that remains open at depth. Velardeña achieved payable production of approximately 843,000 silver equivalent ounces during 2012 and 395,000 silver equivalent ounces in 2013 through the quarter ending June 30, 2013. (Production includes only silver and gold, with equivalents calculated using a 60:1 ratio for gold to silver.) On June 19, 2013, Velardeña’s production was suspended due to depressed precious metals prices. The property was put onto care and maintenance until such time as precious metals prices plus mining plans indicate a sustainable cash margin for operations. more...
MANAGEMENT Our management team has a proven track
record of experience in all areas of mineral resource development
including acquisition and exploration, permitting, construction,
ramp-up and optimization of production, commissioning,
operations, mine reclamation and closure. Our management
team has worked for major mining companies throughout the