Golden Minerals Company · TSX:AUMN
Golden Minerals — Investor Presentation (February 2016)
28 slides from Golden Minerals's investor presentation, Feb 24, 2016
Slide 1: Corporate Presentation
Corporate Presentation February 24, 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 to 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 SAN LUIS DEL CORDERO • 3,000 tons mined and • High-grade silver project processed. Head grade • Trucking distance to averaged 492 g/t silver. Velardeña sulfide mill • NI 43-101 resource • AUMN has contracted the reported right to mine th
Slide 7: Santa Maria
Santa Maria • Silver and gold mine near Parral District in southern Chihuahua State • NI 43-101 in place (April 2015, Tetra Tech) • Successfully concluded test mining and processing of 3,000 tons in November 2015 • Material processed at third party mill under tolling agreement • Concentrates sold in
Slide 8: Santa Maria – 2016 Plans
Santa Maria – 2016 Plans • Continuing to explore and evaluate • Preliminary Economic Assessment planned for mid-2016 • Minimal capital requirements to bring property to production: • minor infrastructure changes • power line Santa Maria Grade Silver Tonnes Silver Gold Silver Gold Eq. (M) (M oz) (M o
Slide 9: Santa Maria
Santa Maria Geologic Map Showing Drilling, Underground Workings and Ore Shoots ORE SHOOT EAST ORE SHOOT CENTRAL ORE SHOOT WEST? 200 8
Slide 10: Santa Maria
Santa Maria West Long Section East 200 mts Existing drill holes 9
Slide 11: San Luis del Cordero
San Luis del Cordero • Silver project located in Durango State within 100 km of Velardeña (trucking distance to the Velardeña sulfide mill) • Golden contracted the right to mine the Santa Rosa vein within Prospero Silver’s (TSX-V: PSL) San Luis del Cordero Project (November 2015) • Contract calls fo
Slide 12: San Luis del Cordero – 2016 Plans
San Luis del Cordero – 2016 Plans • Conduct 2,000 meter drill program in early 2016 when permitting is complete • Drilling goals: • Complete infill drilling • Increase size of resource • Upgrade inferred resources to measured and indicated resource categories • Current NI 43-101 issued by Prospero S
Slide 13: San Luis del Cordero
San Luis del Cordero Geologic Map Showing Existing and Planned Drilling 12
Slide 14: San Luis del Cordero
San Luis del Cordero NW Long Section SE POSSIBLE RESOURCE EXTENSION POSSIBLE RESOURCE EXTENSION 13
Slide 15: Velardeña
Velardeña • 560 ha silver and gold property with two underground mines and two processing plants • Mine on care and maintenance until current metals prices and mine plans indicate sustainable positive operating margin • NI 43-101 and PEA (Feb. 2015; Tetra Tech) in place Grade Tonnes Silver Gold Silv
Slide 16: Velardeña
Velardeña • Two processing plants: • 550 tpd cyanide leach oxide plant (currently leased to Hecla) • 300 tpd flotation sulfide mill (on care & maintenance) • Oxide plant now yielding revenues to Golden • Sulfide plant to be re-started when Golden develops alternative sources of material that can be
Slide 17: Rodeo
Rodeo • 1,900 ha gold project located 80 km west of Velardeña • Drill program planned for 2016 • Drill permitting complete • Previous exploration by other Quartz vein outcrop companies has identified a strong gold-bearing system exposed at surface • Potential future open-pit source of material for o
Slide 18: Celaya
Celaya • 5,600 ha silver and gold project 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 alteration • Complete
Slide 19: Celaya
Celaya MAP/S Area of Fresnillo drilling Area of GM drilling Plata Latina Discovery 18
Slide 20: Celaya – Drill Traces and Results to Date
Celaya – Drill Traces and Results to Date 19
Slide 21: Celaya – Drill Traces Cross Section
Celaya – Drill Traces Cross Section 25
Slide 22: Summary of 2016 Plans – Mexico
Summary of 2016 Plans – Mexico • San Luis del Cordero • Complete permitting • Begin 2000-meter drill program in early 2016 • Issue NI 43-101 resource study and PEA • Santa Maria • Continue exploring and evaluating • Complete permitting • Issue PEA • Rodeo • Begin drill program in late 2016 • Celaya
Slide 23: Argentina
Argentina • El Quevar silver project, 55,000 ha, Salta Province • 2km strike length; resource remains open to east & west • NI 43-101 resource study in place (June 2012, Pincock Allen & Holt) • Significant exploration conducted: • Over 1,200 meters underground exploration • Over 400 drill holes, app
Slide 24: 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 25: 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 24
Slide 26: Key Facts
Key Facts Stock Symbols NYSE MKT: AUMN TSX: AUM Corporate Headquarters Golden, Colorado Stock Price (2.24.2016), 52‐Wk Hi/Lo close (US) $0.53 ($0.60 ‐ $0.15) Shares Outstanding (2.24.2016) 76.7 M Warrants Outstanding 10.2 M Options & Restricted Stock Units 1.5 M Shares Outstanding ‐ Fully Diluted 88
Slide 27: 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 28: 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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