Golden Minerals begins producing gold in Mexico

Golden Minerals Company reported that it made the first gold pour from its Rodeo gold project in the state of Durango, Mexico.

The spill occurred on January 30, 2021, as scheduled and approximately three weeks after the first loads of material were trucked from the Rodeo site to the company’s Velardeña oxide plant for processing.

The first spill produced approximately 150 gold equivalent ounces, with additional gold spills planned for early February.

“This first spill represents a great milestone for Golden Minerals. Not only did we bring Rodeo online amidst the many challenges that Covid-19 presents, we put it into production on time and on budget,” said Warren Rehn, President and CEO of Golden Minerals Company.

As previously reported, the company began processing at a rate of around 200 tons per day.

Golden Minerals is currently installing a ball mill at the Velardeña oxide plant, where Rodeo’s material is processed.

This mill, which is specifically designed to increase throughput in the process plant by increasing the grinding capacity of Rodeo’s silicified material, will be used in sequence with the existing ball mill and will perform secondary grinding of the oversized material.

Golden Minerals

Once this ground ball mill goes into operation (March 2021), Rodeo’s material throughput is projected to increase to around 450 tons per day.

Golden Minerals Golden Minerals is a corporation primarily focused on advancing its Rodeo and Velardeña properties in Mexico and, through partner-financed exploration, its El Quevar silver property in Argentina, as well as the acquisition and advancement of mining properties in Mexico, Argentina and Nevada.