CORPORATE PROFILE Golden Minerals Company is a Delaware corporation and our common stock is publicly traded on the Toronto and the New York MKT Stock Exchanges. Golden Minerals owns the Velardeña and Chicago precious metals mining properties (the "Velardeña Properties") in the State of Durango, Mexico, the El Quevar advanced exploration silver property in the Salta province of northwestern Argentina, and a diversified portfolio of precious metals exploration properties located in or near historical precious metals producing regions of Mexico and Argentina. 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 Properties were acquired in September 2011 and contain a significant high-grade silver and gold resource with lead and zinc base metals, and the resource 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 figures include silver and gold, with equivalents calculated using a 60:1 ratio for gold to silver.) Production was suspended in June 2013 subsequent to the sharp drop in precious metals prices and the property was put onto care and maintenance. Golden used the operating down time to conduct a 9,000-meter drilling program and to develop a new mining plan that indicates positive net cash flow from the Velardeña Properties after production is ramped up through the second quarter 2015. Golden resumed mining activity on July 1, 2014, started processing on November 3, 2014 and is focused on executing its new mining plan at Velardeña. 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