Map Overview

Projects Overview

We own or control a portfolio of around a dozen precious metals projects located in Mexico, Argentina and Nevada (USA).

  1. Rodeo – began gold-silver production in January 2021
    • Small but highly profitable open pit gold project with low $1.5M capital startup cost and average life of mine Au grade of 3.3 g/t
    • Recent (2021) drill program expanded life of mine; anticipate operating profitably through Q3 2023
  2. Velardeña Properties – intend to re-start operations, potentially in 2022-2023
    • Two underground past-producing silver/gold mines
    • Average M&I grades: Ag 319 g/t and Au 5.09 g/t
    • Average Inferred grades:  Ag 362 g/t and Au 4.80 g/t
    • 2022 Technical Report Summaries (prepared in accordance with SEC S-K 1300 guidelines):
      • Including Inferred Resources:  NPV8 $119M  over 11 yr. life of mine
      • Excluding Inferred Resources:  NPV8 $48M over 4 yr. life of mine
    • Conducting final testing of pyrite concentrates, to be followed by design of BIOX plant and underground test mining spring 2022
    • Decision on resumption of operations anticipated around mid-year 2022

Resource Tables   Technical Reports

Rodeo
Durango State, Mexico

Rodeo is a high-grade, open pit gold-silver mine located about 1.5 hours via road from our Velardeña Properties. We began excavation at Rodeo in late 2020 and commenced gold-silver production in January 2021. The project broke even in its first quarter of production and generated $12.3 million in 2021 net operating margin that can be used in part to fund a startup of production at the larger Velardeña Properties. We completed a drill program in Q4 2021 that has extended the mine life by around six months and we currently estimate Rodeo will operate profitably through Q3 2023.

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Rodeo

Velardeña
Durango State, Mexico

The Velardeña Properties contain two underground silver and gold mines and two processing mills. We continue to work on advancing Velardeña ahead of making a production re-start decision. We are in the final stages of testing pyrite concentrates for optimum processing using bio-oxidation technology in South Africa and we estimate we will receive final results in April 2022.We are also conducting test mining underground this spring to ensure that with our chosen mining subcontractor we can control mining dilution, which is critical to the ultimate success of the project. Upon completion of test mining, we plan to make the formal decision on resumption of mining activities around mid-year 2022.

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Velardeña

El Quevar
Salta Province, Argentina

El Quevar is a district-scale, advanced exploration-stage silver project in Salta, Argentina. We have announced a positive PEA (2018) and earn-in agreement with Barrick Gold (2020) for El Quevar.  

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El Quevar

Santa Maria
Chihuahua State, Mexico

Santa Maria is an underground silver and gold mine with a positive (Sept. 2018) PEA, low capital cost, and a potential source of near-term production. In December 2020, Golden & Fabled Silver Gold Corp. signed an option agreement giving Fabled a two-year option to purchase Golden's interest in the property for $4M plus a royalty stream.

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Santa Maria

Yoquivo
Chihuahua State, Mexico

Yoquivo is a district-scale gold-silver exploration project (Chihuahua State, Mexico) with historic high-grade silver production. Our claims cover an underexplored epithermal precious metals district with excellent access in the productive part of the Sierra Madre. We have completed two drill programs as of Q1 2022, with reported results (Jan. 2022, Feb. 2022) indicating the presence of potentially economic grades on several veins in this multi-vein system property. Golden holds an option to purchase 7 concessions that comprise the Yoquivo property, totaling 1,974.8 hectares, for payments totaling $0.75 million over four years and subject to a 2% net smelter return royalty on production, capped at $2 million. 

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Yoquivo

Other Exploration Properties
Nevada, USA and Mexico

We  added the Sand Canyon gold-silver project in Nevada to our portfolio of properties in 2019. We also own or control additional silver and gold properties located in or near the traditional silver-producing areas of Mexico.

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Other Exploration Properties
Velardeña Santa Maria Rodeo Yoquivo Mogotes Navegantes El Quevar