Golden Minerals Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the first quarter 2013, the company recorded revenue of $5.8 million and a net loss of $6.3 million, as compared to revenue of $6.4 million and a net loss of $10.1 million in the first quarter 2012. The decrease in revenue was driven by lower realized silver and gold prices and lower metals sold. Loss from operations in the first quarter 2013 decreased to $9.5 million from $12.7 million in the first quarter 2012, primarily attributable to decreases in exploration, project and administrative expenses, as well as an increase in other operating income due primarily to a gain on the sale of various exploration properties in Peru. During the first quarter 2013 the company produced products from the Velardena operations in Mexico containing 150,992 payable ounces of silver, 1,309 payable ounces of gold and 216,417 payable ounces of silver equivalent, compared to products produced during the first quarter of 2012 containing 110,227 payable ounces of silver, 1,722 payable ounces of gold and 196,327 payable ounces of silver equivalent. Silver equivalent ounces are calculated at a ratio of 50:1 silver to gold. The company currently expects to produce between 900,000 and one million ounces of payable silver equivalent in 2013. The Company continues to expect completion of the San Mateo ramp in the third quarter 2013, and that production in the third and fourth quarters of 2013 will exceed first quarter production as broken material inventories are replenished in the mine and additional development work opens new stopes for production. Due to the depletion of broken ore resulting from the explosives permit suspension that ended April 10, 2013, the company expects second quarter production and metals sold to be lower than the first quarter.

Golden Minerals Company announced preliminary production results from the Velardena Operations for the first quarter 2013. Payable production during the first quarter 2013 totaled approximately 215,000 silver equivalent ounces and included 150,000 ounces of silver and 1,300 ounces of gold. Total payable production increased 9% compared to the fourth quarter 2012. These amounts are in line with the company's 2013 operating plan. Payable silver production during the first quarter 2013 reached a record high of approximately 150,000 ounces, 12% greater than the fourth quarter 2012. Payable gold production during the first quarter 2013 totaled approximately 1,300 ounces, 2% greater than the fourth quarter 2012. Payable production figures include only silver and gold. The Company also produced approximately 320,000 pounds of payable lead and 460,000 pounds of payable zinc during the first quarter 2013, also in line with the company's 2013 operating plan. The company's 2013 operating plan calls for an increase in quarterly production throughout the year. Production in the first quarter was not significantly affected by the explosives permit suspension due to the availability of stockpiled broken ore, but due to the depletion of broken ore in the mine and the duration of the suspension, the company expects second quarter production to be lower than the first quarter. The company continues to expect that the San Mateo ramp will be completed during the third quarter 2013, and that production in the third and fourth quarters will exceed first quarter production as broken material inventories are replenished in the mine and additional development work opens new stopes for production. The company currently expects to produce between 900,000 and 1 million ounces of payable silver equivalent in 2013 due to the explosive permit suspension.

Golden Minerals Company announced preliminary production results for the first quarter 2013. Payable production during the first quarter 2013 totaled approximately 215,000 silver equivalent ounces (equivalents calculated at 50:1, gold: silver) and included 150,000 ounces of silver and 1,300 ounces of gold. Total payable production increased 9% compared to the fourth quarter 2012. Payable silver production during the first quarter 2013 reached approximately 150,000 ounces, 12% greater than the fourth quarter 2012. Payable gold production totaled approximately 1,300 ounces, 2% greater than the fourth quarter 2012. Payable production figures include only silver and gold. The Company also produced approximately 320,000 pounds of payable lead and 460,000 pounds of payable zinc. The company provided operating guidance for 2013. The company's 2013 operating plan calls for an increase in quarterly production throughout the year. The company expected second quarter production to be lower than the first quarter. The company continues to expect that the San Mateo ramp will be completed during the third quarter 2013, and that production in the third and fourth quarters will exceed first quarter production as broken material inventories are replenished in the mine and additional development work opens new stopes for production. The company currently expects to produce between 900,000 and one million ounces of payable silver equivalent in 2013 due to the explosive permit suspension.