Golden Minerals Company Announces Preliminary Production Results for the First Quarter 2013; Provides Operating Guidance for 2013
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.