Golden Minerals(AUMN) - 2022 Q2 - Earnings Call Presentation

Company Overview - Golden Minerals is a gold and silver focused company with assets in Mexico, Argentina, and Nevada (USA)[6, 10] - The company aims to increase shareholder value through sustained profitable production, growth with two mines producing in 2023, and continued exploration success[5] Financial Performance & Valuation - Rodeo mine generated a net operating margin of $12.3 million in 2021 and $4.5 million through June 30, 2022[7] - Technical reports estimate the following Net Present Values (NPV): Velardeña - $119 million (MII Plan) or $48 million (MI Plan), El Quevar - $44.9 million, Rodeo - $23 million[10] - As of August 2, 2022, the company had $9.5 million in cash and no debt[53] Rodeo Mine - A Technical Report Summary (TRS) for Rodeo was completed in March 2022, estimating profitable operation through Q3 2023, with an NPV8% of $22.9 million[24] - Rodeo's measured and indicated high-grade resources as of December 31, 2021, were 329,600 tonnes with 3.02 g/t Au, containing 32,000 ounces of gold and 13.02 g/t Ag, containing 137,900 ounces of silver[26] - Rodeo's measured and indicated low-grade (stockpile) resources as of December 31, 2021, were 256,500 tonnes with 1.23 g/t Au, containing 10,100 ounces of gold and 9.11 g/t Ag, containing 75,100 ounces of silver[26] Velardeña Properties - Velardeña has measured and indicated resources of 1,268,800 tonnes with 319 g/t silver and 5.09 g/t gold, containing 13.03 million ounces of silver and 208,000 ounces of gold[30] - The 2022 TRS for Velardeña estimates a pre-tax NPV8% of $119 million (MII Plan) with average production of 1.9 million ounces of silver equivalent per year or $48 million (MI Plan) with average production of 1.9 million ounces of silver equivalent per year[31] El Quevar Project - El Quevar has an NI 43-101 NPV5 of $44.9 million from a 2018 PEA, projecting 4.8 million ounces of silver production per year at the Yaxtché deposit[39] - Barrick Gold has an earn-in agreement with Golden Minerals, targeting a 5 million+ ounce gold deposit[40]