Golden Minerals Reports Q3 2012 Silver Production of 120,000 Ounces

Golden Minerals Co. (AMEX:AUMN,TSX:AUM) announced production results for the third quarter of 2012 from its Mexico-based Velardena operations, commenting that 120,000 ounces of silver were produced during that period. That amounts to a 28 percent increase over Q3 2011.

As quoted in the press release:

For the first three quarters payable production was approximately 325,000 ounces of silver and 5,100 ounces of gold.  Additionally, Velardena produced approximately 290,000 pounds of payable lead and 320,000 pounds of payable zinc in the third quarter and 700,000 pounds of lead and 930,000 pounds of zinc for the the first three quarters of 2012.

Jeffrey Clevenger, Golden Minerals’ president and CEO, commented:

Our target for operationally positive cash flow beginning next year is on track with all of the equipment on site to achieve our mining ramp-up goals.  Third quarter production is indicative of the progress being made by the team at Velardena.

Click here to read the full Golden Minerals Co. (AMEX:AUMN,TSX:AUM) press release.