# EDGAR Filing Document

**Accession Number:** 0001011509
**File Stem:** 0001104659-23-003049
**Filing Date:** 2023-1
**Character Count:** 9691
**Document Hash:** b307e72b12e2a66b2cef2984e7d4c3fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-003049.hdr.sgml**: 20230111

**ACCESSION NUMBER**: 0001104659-23-003049

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230111

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230111

**DATE AS OF CHANGE**: 20230111

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Golden Minerals Co
- **CENTRAL INDEX KEY:** 0001011509
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **IRS NUMBER:** 841363747
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13627
- **FILM NUMBER:** 23523698

**BUSINESS ADDRESS:**
- **STREET 1:** 350 INDIANA STREET, SUITE 800
- **CITY:** GOLDEN
- **STATE:** CO
- **ZIP:** 80401
- **BUSINESS PHONE:** 3038395060

**MAIL ADDRESS:**
- **STREET 1:** 350 INDIANA STREET, SUITE 800
- **CITY:** GOLDEN
- **STATE:** CO
- **ZIP:** 80401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** APEX SILVER MINES LTD
- **DATE OF NAME CHANGE:** 19970825

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**Current Report**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 11, 2023**

**GOLDEN MINERALS COMPANY**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **delaware** | **1-13627** | **26-4413382** |
| (State or other jurisdiction of<br> incorporation or organization) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification Number) |

---

**350 Indiana Street, Suite 650**

**Golden, Colorado 80401**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **(303) 839-5060**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | AUMN | NYSE American |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [Item 2.02](#a_003) | [Results of Operations and Financial Condition.](#a_003) |
| [Item 9.01](#a_002) | [Financial Statements and Exhibits.](#a_002) |
| [Signature](#a_001) |  |

---

---

| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.** |

---

On January 11, 2023, Golden Minerals Company issued a press release reporting production results for the fourth quarter of 2022 and the year ending December 31, 2022. A copy of the press release is attached to this report as Exhibit 99.1.

The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit<br> No.** | **Description** |
| [99.1](tm233201d1_ex99-1.htm) | [Press release of Golden Minerals Company, dated January 11, 2023, reporting fourth quarter and 2022 year-end production results.](tm233201d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 11, 2023

---

| | |
|:---|:---|
| **Golden Minerals Company** | **Golden Minerals Company** |
| By: | /s/ Julie Z. Weedman |
|  | Name: Julie Z. Weedman |
|  | Title: Senior Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](tm233201d1_ex99-1img001.jpg)

**Golden Minerals Company Reports Q4 and FY 2022 Gold Production** 

GOLDEN, CO - /BUSINESS WIRE/ - January 11, 2023 – Golden Minerals Company ("Golden Minerals", "Golden" or the "Company") (NYSE American: AUMN and TSX: AUMN) has reported production data from its Rodeo gold-silver mine (Durango State, Mexico) for the fourth quarter ending December 31, 2022 and full year 2022. Summary highlights include the following:

&nbsp;&nbsp;&nbsp;&nbsp;· Payable gold production: 2,398 oz Au in Q4 and
11,982 oz Au in FY 2022

&nbsp;&nbsp;&nbsp;&nbsp;· Payable silver production: 13,560 oz Ag in Q4
and 52,179 oz in FY 2022

&nbsp;&nbsp;&nbsp;&nbsp;· Payable gold equivalent production: 2,568 AuEq
oz in Q4 and 12,616 AuEq oz in FY 2022

&nbsp;&nbsp;&nbsp;&nbsp;· Average gold grade: 2.0 g/t Au in Q4 and 2.6
g/t in FY 2022

&nbsp;&nbsp;&nbsp;&nbsp;· Throughput (tonnes per day processed): 573 tpd
in Q4 and 536 g/t in FY 2022

&nbsp;&nbsp;&nbsp;&nbsp;· Gold recovery: 73.3% in Q4 and 74.7% in FY 2022

&nbsp;&nbsp;&nbsp;&nbsp;· Silver recovery: 82.0% in Q4 and 81.2% in FY
2022

&nbsp;&nbsp;&nbsp;&nbsp;· Realized gold/silver prices (before selling and
refining costs): $1,729/oz Au and $21.69/oz Ag in Q4; $1,805/oz Au and $21.93/oz Ag in FY 2022

**Rodeo Operations Statistics**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Q1 2022** | **Q2 2022** | **Q3 2022** | **Q4 2022** | **FY 2022** |
| Tonnes mined (1) | 203591 | 213925 | 192545 | 161424 | 771485 |
| Tonnes in stockpiles awaiting processing (2) | 10898 | 21713 | 23618 | 31381 | 31381 |
| Tonnes in low grade stockpiles (3) | 88559 | 95932 | 121202 | 193479 | 193479 |
| Tonnes processed | 47437 | 47479 | 47947 | 52736 | 195599 |
| Average tonnes per day processed | 527 | 522 | 521 | 573 | 536 |
| Average gold grade processed (grams per tonne) | 3.1 | 2.6 | 2.6 | 2.0 | 2.6 |
| Average silver grade processed (grams per tonne) | 11.6 | 10.4 | 10.4 | 10.2 | 10.6 |
| Plant recovery - gold (%) | 75.4 | 75.1 | 74.6 | 73.3 | 74.7 |
| Plant recovery - silver (%) | 82.8 | 82.3 | 77.6 | 82.0 | 81.2 |
| Payable gold produced in dore (ounces) | 3608 | 3004 | 2972 | 2398 | 11982 |
| Payable silver produced in dore (ounces) | 13944 | 12768 | 11907 | 13560 | 52179 |
| Payable gold equivalent produced in dore (ounces) (4) | 3787 | 3158 | 3103 | 2568 | 12616 |
| Gold sold in dore (ounces) | 3855 | 3060 | 3018 | 2518 | 12451 |
| Silver sold in dore (ounces) | 14481 | 13180 | 11609 | 14217 | 53486 |
| Gold equivalent sold in dore (ounces) (4) | 4040 | 3219 | 3145 | 2696 | 13101 |
| Average realized price, before refining and selling costs |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gold (dollar per ounce) | $1887.65 | $1864.99 | $1703.10 | $1729.40 | $1805.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver (dollar per ounce) | $24.24 | $22.49 | $18.72 | $21.69 | $21.93 |

---

Page 1 of 2

**GOLDEN MINERALS COMPANY**

350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060

![](tm233201d1_ex99-1img001.jpg)

Notes:

(1) Includes all mined material transported to the plant, stockpiled or designated as waste

(2) Includes mined material stockpiled at the mine or transported to the plant awaiting processing in the plant

(3) Material grading between 1.6 g/t (current cutoff grade) and 1 g/t Au held for possible future processing

(4) Gold equivalents based on realized $ Au and $ Ag price

**About Golden Minerals** 

Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

**Follow us at** **<u>www.linkedin.com/company/golden-minerals-company/</u> and <u>https://twitter.com/Golden_Minerals</u>**

For additional information please visit **<u>http://www.goldenminerals.com/</u>** or contact:

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

SOURCE: Golden Minerals Company

Page 2 of 2

**GOLDEN MINERALS COMPANY**

350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060