Golden Minerals Company
 
 
 
  
  
 
PROJECTS – Resources
 

Total Company Resources and Grades

VELARDEÑA (Excluding San Diego JV Property)   Grade
  Tonnes
M
Silver
M oz
Gold
M oz
Silver Eq.
M oz
  Silver
g/t
Gold
g/t
Measured & Indicated 2.3 14.6 0.3 32.6   195 3.46
Inferred 3.1 15.8 0.3 35.6   159 3.33
               
EL QUEVAR      
  Tonnes
M
Silver
M oz
Gold
M oz
Silver Eq.
M oz
  Silver
g/t
Gold
g/t
Indicated 7.1 32.0 0.0 32.0   141 n/a
Inferred 6.2 30.2 0.0 30.2   152 n/a
               
TOTAL COMPANY (Excluding San Diego JV Property)      
  Tonnes
M
Silver
M oz
Gold
M oz
Silver Eq.
M oz
     
Measured & Indicated 9.4 46.6 0.3 64.6      
Inferred 9.3 46.0 0.3 65.8      

Velardeņa resources per Chlumsky, Armbrust & Meyer NI 43-101 compliant resource estimate dated 29 June 2012. El Quevar resources per Pincock Allen & Holt NI 43-101 compliant resource estimate dated 8 June 2012. Silver equivalent ounces include gold and silver resources only, calculated at 60:1. Amounts above exclude San Diego.

 
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