Golden Minerals pours first gold at Rodeo

2021-02-01 06:57 ET - News Release

Mr. Warren Rehn reports

GOLDEN MINERALS ANNOUNCES FIRST GOLD POUR AT RODEO

Golden Minerals Company has poured its first gold from its Rodeo gold project in Durango state, Mexico. The pour occurred on Jan. 30, 2021, on schedule and roughly three weeks after the first loads of material were trucked from the Rodeo site to the company's Velardena oxide plant for processing. The first pour produced approximately 150 gold equivalent ounces. Additional gold pours are planned for early February.

"This first pour represents a tremendous milestone for Golden Minerals. Not only have we brought Rodeo on line amidst the many challenges presented by COVID-19, but we have brought it to production both on time and on budget. I'd like to extend my heartfelt thanks to all our employees and business partners who helped us achieve this milestone," said Warren Rehn, president and chief executive officer of Golden Minerals Company.

As previously communicated, the company began processing at a rate of around 200 tonnes per day (tpd). Golden is currently installing a regrind ball mill at Velardena's oxide plant, where Rodeo's material is processed. This mill, which is designed specifically to increase throughput at the process plant by increasing grinding capacity for the silicified material from Rodeo, will be used in sequence with the existing ball mill and will perform a secondary grind of the oversized material. Once this regrind ball mill comes on line (anticipated to occur in March, 2021), throughput of Rodeo's material is anticipated to increase to around 450 tpd.

About Golden Minerals Company

Golden Minerals is a Delaware corporation based in Golden, Colo. The company is primarily focused on advancing its Rodeo and Velardena properties in Mexico and, through partner-financed exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Argentina and Nevada.

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