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Golden Minerals Co.

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Summary

Project:

Rodeo

Deposit:Rodeo
Location:Mexico
Commodities:Gold-Silver
Date:4/15/2020
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:15-4-2020: Golden Minerals Co. announces a PEA report for its Rodeo deposit at the Rodeo project. PEA results incl. post-tax NPV (8%) of US$22.5M. GOLDEN, Colo., April 15, 2020 -- Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Mine
Resources:
CP/QP:[Overall Report]: David Drips (Mineral Resources Engineering)
ABSTRACT:GOLDEN, Colo., April 15, 2020 -- Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce results from a Preliminary Economic Assessment (“PEA”) completed for its Rodeo open pit gold project located in Durango State, Mexico. PEA Financial and Economic Highlights Independent engineering firm Mineral Resources Engineering has prepared the PEA for the Company in accordance with Canadian National Instrument 43-101 “Standards of Disclosure of Mineral Projects” (“NI 43-101”). The resource used for this PEA was developed in accordance with Canadian NI 43-101 by the independent engineering firm Tetra Tech (report dated January 26, 2017: NI 43-101 Technical Report; Mineral Resource Estimate; Rodeo Project; Rodeo, Durango, Mexico). The PEA assumes prices of $1,622/oz gold and $14.38/oz silver. Preliminary results of the economic analysis are shown in aftertax U.S. Dollars as highlighted below. The complete PEA will be published on SEDAR within 45 days of this press release.

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