Golden Minerals Company is pleased to announce it has begun an exploration drilling program at its operating Rodeo gold mine aimed at expanding the resource. The program will encompass approximately 2,000 meters of exploration drilling at selected near-surface targets located immediately adjacent to the current pit. The program has the potential to extend the life of the Rodeo mine well beyond the currently estimated life [...]
Golden Minerals Company has today announced financial results and a business summary for the full fiscal year ending December 31, 2020. All figures are in approximate U.S. dollars. Financial Highlights $9.7 million cash and equivalents balance as of December 31, 2020, compared to $4.6 million on December 31, 2019. $5.6 million revenue for 2020, compared to $7.7 million in 2019 related to the lease of the Company's oxide [...]
Golden Minerals Company is pleased to report the first gold pour from its Rodeo gold project in Durango State, Mexico. The pour occurred on January 30, 2021, on schedule and roughly three weeks after the first loads of material were trucked from the Rodeo site to the Company's Velarde?a oxide plant for processing. The first pour produced approximately 150 gold equivalent ounces. Additional gold pours are planned for early [...]
Golden Minerals Company is pleased to announce it has received assay results from its recent 3,400-meter, 15-hole drill campaign at the Company's Yoquivo gold-silver district-scale property in Chihuahua, Mexico. Highlights include the following: YQ_20_001 Pertenencia Vein 1.3m grading 5.69 g/t Au and 223 g/t Ag within 4.2m grading 2.34 g/t Au and 190 g/t Ag YQ_20_002 Pertenencia Vein 0.6m grading 1.14 g/t Au and 423 g/t [...]
Golden Minerals Company announced today that it has received written notice from the NYSE American LLC that the Company has regained full compliance with the continued listing standards outlined in Part 10 of the NYSE American Company Guide . As previously disclosed, the Company received notice from the NYSE American on August 19, 2019 that it was not in compliance with Section 1003 of the Company Guide when it reported [...]
Golden Minerals Company is pleased to announce it has begun gold production at its Rodeo gold project located in Durango State, Mexico, roughly two weeks ahead of schedule and on budget. The Company transported the first loads of Rodeo’s gold-containing material by road to its nearby Velarde?a oxide mill for processing last week. The mill has begun processing the material and anticipates a first pour of gold-silver dor [...]
Golden Minerals Company today announced it has begun mining activities at its Rodeo gold project located in Durango State, Mexico. Blasting at the open-pit gold operation began last week. Initial blastholes were drilled on the 1460 bench in an area that includes outcropping mill-grade gold mineralization and thin overburden material. 48 holes were drilled and blasted in the first pattern. During the next few weeks, the [...]
Golden Minerals Company is pleased to announce it has completed a 3,400-meter, 15-hole drill campaign at its Yoquivo gold-silver district-scale property in Chihuahua, Mexico. Yoquivo covers a large, low-sulfidation epithermal vein system with limited historic production. The Company has identified four separate vein systems in which surface sampling has returned grades up to 4,050 g/t silver and 27.7 g/t gold from [...]
Golden Minerals Company is pleased to announce it has received final environmental permits for its Rodeo gold-silver project located in Durango State, Mexico. The Company is presently on track to begin gold production in January 2021, which will mark the transition of Golden Minerals to gold producer from precious metals exploration company. President and Chief Executive Officer of Golden Minerals, Warren Rehn, notes [...]
Golden Minerals Company today announced financial results and a business summary for the quarter ending September 30, 2020. Third Quarter Summary Financial Results Revenue of $2.1 million and a net operating margin of $1.6 million related to the lease of the Company’s oxide plant to Hecla Mining Co. in the third quarter 2020, compared to a $1.4 million net operating margin realized in the third quarter 2019 Cash and cash [...]
Golden Minerals Company today announced it has received final assays from its resource definition drill program at the Rodeo gold-silver project located in Durango State, Mexico. Assay results from the final 14 holes of the 35 holes drilled in the 1400-meter drill program show continued wide zones of high-grade near-surface gold mineralization. Drill hole depths averaged 40 meters. Orientations of drill holes are shown in [...]
Golden Minerals Company today announced it has received a second set of assay results from its resource definition drill program at the Rodeo gold-silver project located in Durango State, Mexico. Assay results from an additional 11 diamond drill holes show wide zones of high-grade near-surface gold mineralization. Mineralized material consists of highly silicified epithermal veins and breccias hosted in felsic volcanic [...]
