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.