Golden Minerals Company · TSX:AUMN
Golden Minerals — Investor Presentation (August 2016)
23 slides from Golden Minerals's investor presentation, Aug 10, 2016
Slide 1: Corporate Presentation
Corporate Presentation August 10, 2016
Slide 2: Cautionary Statements
Cautionary Statements Cautionary Note Regarding Forward Looking Statements: Statements made regarding matters which are not historical facts, such as plans for exploration, resource reports and preliminary economic assessments; anticipated revenue from the oxide plant lease; drill results; strategic
Slide 3: Mission
Mission • Maximize shareholder value through responsible silver and gold production and exploration success 2
Slide 4: Business Strategy
Business Strategy • Establish Golden Minerals as a mid-tier precious metals mining company, focused on Mexico • Explore properties selected for high grades, low development costs and near-term production • Priority to properties within haulage distance of Golden’s Velardeña mills • Acquire advanced
Slide 5: Precious Metals Focus in Mexico and Argentina
Precious Metals Focus in Mexico and Argentina 4
Slide 6: Principal Projects - Mexico
Principal Projects - Mexico SANTA MARIA • Silver and gold mine RODEO • Golden has right to • Near surface gold acquire deposit • 7,500 tons mined and • Trucking distance to processed since 2015 with Velardeña oxide mill average grades of 338 g/t • Began 2,000m core silver and 0.7 g/t gold drilling p
Slide 7: Santa Maria
Santa Maria • Silver and gold mine near Parral District in southern Chihuahua State • Golden has the right to acquire the property under an option agreement - $1.1 M to complete • NI 43-101 in place (April 2015, Tetra Tech) • Successfully concluded test mining and processing of 7,500 tonnes since 20
Slide 8: Santa Maria – 2016 Activities
Santa Maria – 2016 Activities • Assays from recent 2,200 meter, 24-hole drill program are complete • Next steps: evaluate assays, update resource estimate and complete PEA in Q3 2016 • Requirements to bring property to production: • minor infrastructure changes • power line Santa Maria Grade Silver
Slide 9: Drilling - Santa Maria
Drilling - Santa Maria Exploration 2014 to 2016 Ramp entrance Total 5066 mts in 37 holes 2184 m in 24 underground holes 2882 m in 13 surface holes 8
Slide 10: Long Section - Santa Maria
Long Section - Santa Maria West East Average grade of vein intercept in drill hole, Ag g/t Ore Shoot Ore Shoot Ore Shoot 9
Slide 11: Velardeña Overview
Velardeña Overview • 560 ha silver and gold property with two underground mines and two processing plants • Mines on care and maintenance until current metals prices and mine plans indicate sustainable positive operating margin • NI 43-101 PEA (Feb. 2015; Tetra Tech) in place Grade Tonnes Silver Gol
Slide 12: Velardeña Assets
Velardeña Assets • Two processing plants: • 550 tpd cyanide leach oxide plant (currently leased to Hecla Mining Company) • 300 tpd flotation sulfide mill (on care & maintenance) • Sulfide plant to be re-started if and when Golden develops alternative sources of material that can be economically mine
Slide 13: Velardeña Plant Lease
Velardeña Plant Lease • Oxide plant lease: • Initial term of 18 months: July 1, 2015 – December 31, 2016 • Extendable at Hecla’s option for 6 months, and then another 18 months (through December 31, 2018) in exchange for constructing a tailings impoundment expansion • Hecla now processing its intend
Slide 14: Celaya Property Overview
Celaya Property Overview • 5,600 ha silver and gold property located 10 km east of Plata Latina’s Naranjillo silver and gold discovery and 45 km southeast of the historic Guanajuato District in Guanajuato State • High grade epithermal gold and silver mineralization discovered beneath clay-silica alt
Slide 15: Celaya Farm-Out
Celaya Farm-Out • Entered into earn-in agreement with subsidiary of Electrum Global Holdings in August 2016 • Golden received $0.2 million upfront • Electrum to incur exploration expenditures of $0.5M in year one, and can elect to acquire a 60% interest in the property by incurring $2.5M of explorat
Slide 16: Rodeo
Rodeo • 1,900 ha gold project located 80 km west of Velardeña; acquired in 2015 • 2,000-meter core drilling program begun in June 2016 Quartz vein outcrop • Previous exploration by other companies has identified a gold- bearing system exposed at surface • Potential future open-pit source of material
Slide 17: Summary of 2016 Plans – Mexico
Summary of 2016 Plans – Mexico • Santa Maria • Evaluate complete assay results from 1H 2016 2,200 meter drilling program • Update resource estimate; complete PEA in Q3 2016 • Rodeo • Continue with 2,000 meter core drill program begun in June 2016 • Celaya • Farmed out to Electrum Global Holdings und
Slide 18: Argentina
Argentina • El Quevar silver project, 55,000 ha, Salta Province • 2km strike length; resource remains open to east & west • NI 43-101 resource in place (June 2012, Pincock Allen & Holt) • Significant exploration conducted: • Over 1,200 meters underground exploration • Over 400 drill holes, approx 10
Slide 19: El Quevar – Yaxtché Trend
El Quevar – Yaxtché Trend Significant Resource • Data from 270 drill holes used for 8 June 2012 Yaxtché 43-101 resource estimate * • Mineral resource estimate includes both oxides and sulfides • Resource estimate based on mineable shapes for underground and open pit bulk mining Tonnes Silver Grade N
Slide 20: Growth Potential of El Quevar
Growth Potential of El Quevar 2400-meter/16-hole drill program conducted subsequent to 2012 NI 43-101 indicates possible extension of resource Results shown are located outside the scope of the 8 June 2012 43-101 Yaxtché deposit 19
Slide 21: Key Facts
Key Facts Stock Symbols NYSE MKT: AUMN TSX: AUM Corporate Headquarters Golden, Colorado Stock Price (8.10.2016), 52‐Wk Hi/Lo close (US) $0.91 ($1.07 ‐ $0.15) Shares Outstanding (8.10.2016) 88.9 M Warrant Shares Outstanding 17.6 M Options & Restricted Stock Units 1.7 M KELTIP* Units 0.6 M Shares Outs
Slide 22: Senior Management and Board of Directors
Senior Management and Board of Directors Management Warren Rehn – President and Chief Executive Officer Previously Senior Vice President of Exploration and Geology for Golden Minerals 30+ years of mineral exploration experience throughout the U.S., Canada and Latin America Chief Exploration Ge
Slide 23: Contact Information
Contact Information Investor Relations Karen Winkler, Director of Investor Relations Phone: 303.839.5060 Email: investor.relations@goldenminerals.com Corporate Headquarters 350 Indiana Street, Suite 800 Golden, Colorado 80401 Tele. 303.839.5060 Corporate website www.goldenminerals.com Transfer Agent
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