Golden Minerals has producing mine operations in Durango State, Mexico. The Velardeña Mining District, property we acquired in September 2011, contains a significant high-grade silver and gold resource with associated base metals that remains open at depth. Further production potential comes from the Evaluation stage El Quevar project in the Salta Province of Argentina, a 100%-controlled, 55,000 hectare silver project with District potential. In addition, as of January 2012 Golden had multiple other exploration properties in Mexico, Peru and Argentina. We announced at that time our intention to strategically rationalize a number of these exploration assets in order to reduce ongoing expenditures and realize value through their monetization. Through early 2013, the company has generated over $9 million in proceeds from the sales of such assets.
