Golden Minerals reports improved concentrate sale terms, evaluates Velardeña restart without BIOX plant

Golden Minerals Co

First shipment of 142 tonnes of gold-rich pyrite concentrate under improved terms to buyer in Manzanillo, Mexico.
Evaluating restart of Velardeña mines as early as mid-2023 without building BIOX facility, reducing capex.
Currently processing 3,000 tonnes of previously mined stockpiled material from Santa Juana mine for future shipments.
Initial production to target veins that showed best test mining results in 2022; ore-sorting not required given improved revenue.

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