Golden Minerals Company is a Colorado-based precious metals exploration and development company focused on projects in Mexico, Argentina and Nevada. We are transitioning from exploration company to producer and intend to begin profitable gold production at our Rodeo project (Durango State, Mexico) in early 2021. We also intend to restart production at the silver-gold Velardeña Properties, potentially in 2021-2022, where the use of bio-oxidation processing of sulfide concentrates is expected to result in a dramatic increase in overall gold recovery that will give rise to longer term profitable operations.
Golden Minerals Company offers investors leverage to gold and silver prices. We hold independently-prepared Preliminary Economic Assessments (NI 43-101-compliant) on four of our precious metals projects that total $164M in net present value – with all PEA’s prepared based upon gold and silver prices well below current levels. Our Rodeo gold project presents a low capital cost/high profit margin opportunity to realize significant cashflow that can be used to self-fund production start-up at the larger silver/gold Velardeña Properties. Repeated testing of sulfide concentrates using bio-oxidation processing technology demonstrates improved gold recovery from pyrite concentrates and potential for Velardeña to become a highly profitable operation over at least a 10-year mine life. Both Velardeña and our district-scale El Quevar silver project in Salta, Argentina present additional upside in the form of significant resource expansion and thus value appreciation.