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 is a mining company that owns the Velardeņa and Chicago precious metals mining properties (the "Velardeņa 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 60 million silver equivalent ounces in the Measured and Indicated category, plus an additional 67 million silver equivalent ounces in the Inferred category.*
The Company reported a balance of approximately $3.3 million cash and equivalents as of June 30, 2015.
The Golden Minerals management team has a proven track record in all areas of mineral resource development, including acquisition and exploration, permitting, construction, ramp-up and optimization of production, commissioning all aspects of operations, mine reclamation and closure. Our executive team has held positions with major mining companies throughout the world.
*Silver equivalents include only silver and gold and are calculated using a ratio of 70:1 gold to silver. Resources as per Canadian National Instrument 43-101 ("NI-43-101") Technical Reports dated June 2012 (Velardeņa and El Quevar) and April 2015 (Santa Maria). Figures exclude the San Diego joint venture property. See "Resources and 43-101 Reports" page for complete details.