Golden Minerals’ Mining Underway; Additional Vein Added To Plan
Golden Minerals Company is pleased to announce it restarted mining at its Velardena Properties on July 1, 2014.Velardena was previously held in care and maintenance after production was suspended in mid-2013 due to depressed precious metals prices. The Company used the operating down time to conduct a 9,000-meter drilling program and to develop a new mining plan that indicates positive net cash flow from the Velardena Properties after production is ramped up through the second quarter 2015. Planning economics assume precious metals prices of $20per ounce silver and $1,250 per ounce gold.