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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: these Trishield guys were quite active & I think maybe still are

Item 5.

Interest in Securities of the Issuer.

(a)

As of July 1, 2013, each Reporting Person beneficially owned 2,611,177 Shares, which represented 6.0% of the outstanding Shares, based upon 43,417,833 Shares outstanding as of June 26, 2013, as reflected in the Issuer’s Form S-3 filed with the Securities and Exchange Commission on June 28, 2013.

The beneficial ownership reflected in the remainder of this Item 5, and in the cover pages, reflect beneficial ownership as of July 1, 2013.

(b)

Sole power to vote or direct the vote: 0

Shared power to vote or direct the vote: 2,611,177

Sole power to dispose or to direct the disposition: 0

Shared power to dispose or direct the disposition: 2,611,177

(c)

The following transactions, each an open market transaction in the Shares, have been effected by Trishield Fund over the last 60 days:

Share Purchases

Trade Date

Price

Quantity

05/10/2013

$1.5161

40,000

05/13/2013

$1.5197

17,200

05/15/2013

$1.5200

10,000

05/16/2013

$1.5049

4,646

06/10/2013

$1.6132

25,756

06/11/2013

$1.5754

51,364

06/13/2013

$1.5498

8,317

06/20/2013

$1.6000

1,696

06/21/2013

$1.5985

15,824

06/24/2013

$1.3435

136,249

06/25/2013

$1.3626

46,622

06/26/2013

$1.3489

105,167

06/27/2013

$1.3733

125,309

06/28/2013

$1.3805

72,000

Other

Nature of Transaction

Trade Date

Trade Price

Shares Underlying Call Options

Per Share Exercise Price

Expiration Date

Purchase of Call Options

05/07/2013

$0.0500

1,200

$2.5000

07/20/13

Purchase of Call Options

05/07/2013

$0.1000

20,000

$2.5000

10/19/13

Sale of Call Options

06/18/2013

$0.2500

(4,000)

$2.5000

01/18/14

Sale of Call Options

06/18/2013

$0.2000

(1,400)

$2.5000

10/19/13

Purchase of Call Options

06/27/2013

$0.1500

4,000

$2.5000

01/18/14

Purchase of Call Options

06/27/2013

$0.1000

157,000

$2.5000

10/19/13

Purchase of Call Options

06/28/2013

$0.1000

20,000

$2.5000

10/19/13

Purchase of Call Options

07/01/2013

$0.1000

9,000

$2.5000

10/19/13

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