Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB) said it produced 2,568 ounces of gold equivalent ounces in its fourth quarter to end-December and sold 2,696 ounces for an average realized price before costs of US$1.729.40 per ounce gold and US$21.69 per ounce silver.
The miner also reported production metrics from its Rodeo gold-silver mine in Durango state, Mexico for the fourth quarter and full year 2022.
In the final three months of the year, the company mined 161,424 tonnes and generated 2,398 ounces of gold and 13,560 ounces of silver at a plant recovery rate of 73.3% and 82% respectively.
READ: Golden Minerals reveals 3Q gold and silver production from Rodeo mine in Mexico
For 2022 as a whole, Golden Minerals mined 771,485 tonnes, generating 11,982 ounces of gold and 52,179 ounces of silver, and sold 13,101 gold equivalent ounces.
The average realized prices, before refining and selling costs, over the year were US$1,805.34 per ounce of gold and US$21.93 per ounce of silver.
Colorado-based Golden Minerals is a growing gold and silver producer, focused mainly on its Rodeo mine and advancing its Velardeña Properties in Mexico.
It is also advancing, via partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.
Contact the author at giles@proactiveinvestors.com