Golden Minerals reports Q4 gold output 1,300 oz, silver output 134,000 oz

theflyonthewall.com

Golden Minerals Company provides production results from the Velardena Operations for Q4. Payable production during Q4 totaled a record of approximately 134,000 ounces of silver, an increase of about 13% over Q3. Payable gold production during Q4 was 1,300 ounces, about 33% less than Q3. FY12 payable production totaled approximately 457,000 ounces of silver and 6,500 ounces of gold for a total of about 782,000 silver equivalent ounces for silver and gold only. Additionally, the company produced approximately 330,000 pounds of payable lead and 480,000 pounds of payable zinc during Q4, bringing FY12 production to approximately 1M pounds of lead and 1.4M pounds of zinc. The company currently expects throughput rates at Velardena ranging from approximately 500 to 600 tons per day in 2013, ramping up late in the year with achievement of an 850 ton per day production rate in late 2013 or early 2014.

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