 GOLDEN, Colo., March 27, 2024--(BUSINESS WIRE)--Golden Minerals Company ('Golden Minerals,' 'Golden' or the 'Company') (NYSE-A: AUMN and TSX: AUMN) announced today that Barrick Gold Corporation ('Barrick') notified the Company it is withdrawing from an Earn-In Agreement (the 'Agreement') on the El Quevar silver project (Salta province, Argentina) which the two parties signed in April 2020. The termination will be effective on April 20, 2024. 黄金矿产公司（“黄金矿产”、“黄金”或“公司”）（NYSE-A:AUMN和TSX:AUMN）今天宣布，巴里克黄金公司（“巴里克”）通知公司，它将退出双方于2020年4月签署的关于El Quevar银项目（阿根廷萨尔塔省）的收益协议（“协议”）。终止协议将于2024年4月20日生效。 Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today, 'The timing of the return of the El Quevar project is fortuitous and quite favorable to the Company as we pivot from production to exploration and development. The El Quevar property is one of the largest contiguous high sulfidation alteration systems in northern Argentina and presents a very prospective opportunity to the Company in further advancing the high-grade Yaxtché silver deposit as well as advancing the newly identified gold prospect just to the south.' Golden Minerals总裁兼首席执行官Warren Rehn今天评论道：“El Quevar项目回归的时机是偶然的，对公司来说非常有利，因为我们正从生产转向勘探和开发。El Quevar矿床是阿根廷北部最大的连续高硫化蚀变系统之一，为公司提供了一个非常有前景的机会，可以进一步推进高品位Yaxtché银矿床，并将新发现的金矿前景推进到南部。” To date, Barrick has spent more than $6.0 million of work expenditures at El Quevar and has completed a five-hole, 1,300-meter drill program that identified a potential gold prospect in the central Eastern part of Quevar’s land package. That report noted the presence of vuggy silica alteration, which is commonly associated with high sulfidation epithermal gold-silver deposits, in all holes. Final assays confirmed potentially economic gold values in vuggy silica in one of the drill holes. 到目前为止，Barrick在El Quevar已经花费了600多万美元的工作支出，并完成了一个五孔1300米的钻探项目，该项目在Quevar的土地包的中东部发现了一个潜在的黄金前景。该报告指出，在所有钻孔中都存在空洞的二氧化硅蚀变，这种蚀变通常与高硫化超低温热液金银矿床有关。最终分析证实，其中一个钻孔中的多孔二氧化硅具有潜在的经济黄金价值。 The Agreement offered Barrick the opportunity to earn an undivided 70% interest in the El Quevar project by spending $10.0 million on work expenditures over a total of eight years, which included spending $0.5 million per year in years one and two, $1.0 million per year in years three, four and five, and $2.0 million per year in years six, seven and eight. Additional earn-in terms under the Agreement required Barrick to deliver an NI 43-101-compliant Pre-Feasibility Study describing a potentially profitable operation with mineral resources of not less than 2 million gold equivalent ounces, also within eight years. 该协议为巴里克提供了一个机会，通过在总共八年的工作支出上花费1000万美元，获得El Quevar项目70%的不可分割权益，其中包括第一年和第二年每年花费50万美元，第三年、第四年和第五年每年花费100万美元，以及第六年、第七年和第八年每年花费200万美元。协议项下的额外收入要求Barrick在八年内提交一份符合NI 43-101的预可行性研究，描述一项矿产资源不低于200万黄金当量盎司的潜在盈利业务。 About El Quevar and Next Steps Golden Minerals has previously defined a high-grade silver deposit at El Quevar’s Yaxtché deposit, totaling 2.9 million tonnes of Indicated material containing 45.3 million ounces ('oz') of silver at an average grade of 482 grams per tonne ('gpt'), plus 0.3 million tonnes of Inferred material containing 4.1 million oz of silver at an average grade of 417 gpt1. The Yaxtché deposit encompasses less than one percent of Quevar’s vast 57,000-hectare land area. Most of the area outside the Yaxtché deposit has yet to be explored and the Yaxtché deposit itself is open to both the east and west. Golden Minerals此前已在El Quevar的Yaxtché矿床确定了一个高品位银矿床，总计290万吨推定材料，含4530万盎司（“z”）银，平均品位为482克/吨（“pt”），加上30万吨推断材料，含410万盎司银，平均品味为417 gpt1。Yaxtché矿床占Quevar 57000公顷土地面积的不到1%。Yaxtché矿床外的大部分区域尚未勘探，而Yaxthé矿床本身向东部和西部开放。 The Company views the return of the El Quevar project very positively. Quevar’s land package now holds a potential gold prospect whose drilling was funded by Barrick. Meanwhile, most of Quevar’s holding costs have been funded by Barrick since April 2020 as well. 公司非常积极地看待El Quevar项目的回归。奎瓦尔的土地方案现在有一个潜在的黄金前景，其钻探由巴里克资助。与此同时，自2020年4月以来，Quevar的大部分控股成本也由Barrick提供资金。 Golden Minerals intends to further advance the El Quevar project and update its resource, subject to the availability of capital. The Company’s focus will be on updating the Preliminary Economic Assessment for the Yaxtché silver deposit and in step-out drilling to follow up on the gold intercept drilled in 2022 by Barrick. Golden Minerals打算进一步推进El Quevar项目，并根据资金的可用性更新其资源。该公司的重点将是更新Yaxtché银矿的初步经济评估，并逐步进行钻探，以跟进Barrick在2022年钻探的黄金拦截。 The attached district map shows the El Quevar project and the Yaxtché deposit within it. Endnotes 1 February 2018. Resources prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure of Mineral Projects ('NI 43-101'). Amec Foster Wheeler E&C Services, Inc., a Wood Group PLC company. 'NI 43-101 Technical Report on Updated Mineral Resource Estimate', February 26, 2018. Cutoff grade 250 g/t Ag. 2018年2月1日。根据加拿大国家文书43-101——矿产项目披露标准（“NI 43-101”）编制的资源。Amec Foster Wheeler E&C Services，股份有限公司，一家Wood Group PLC公司NI 43-101《更新矿产资源估算技术报告》，2018年2月26日。截止品位250 g/t Ag。 About Golden Minerals Golden Minerals is a precious metals mining exploration company based in Golden, Colorado. The Company is primarily focused on advancing its Yoquivo property in Mexico and advancing its El Quevar silver property in Argentina. The Company is also focused on acquiring and advancing selected mining properties in North America and Argentina. Golden Minerals是一家位于科罗拉多州戈尔登的贵金属采矿勘探公司。该公司主要专注于推进其在墨西哥的Yoquivo地产和在阿根廷的El Quevar白银地产。该公司还专注于收购和推进北美和阿根廷的选定矿业地产。 Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding the Company’s views on the return of the El Quevar project; the potential gold prospect of the Quevar land package; the assumptions and estimates contained in the February 2018 NI 43-101 mineral resource estimate; and the Company’s intention to further advance the El Quevar project and update the Preliminary Economic Assessment for the Yaxtché silver deposit. These statements are subject to risks and uncertainties, including the potential future re-suspension of non-essential activities in Mexico; increases in costs and declines in general economic conditions; changes in political conditions, in tax, royalty, environmental and other laws in the United States, Mexico or Argentina and other market conditions; and fluctuations in silver and gold prices. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. 本新闻稿包含经修订的1933年《证券法》第27A条、经修订的1934年《证券交易法》第21E条以及适用的加拿大证券立法意义上的前瞻性声明，包括关于公司对El Quevar项目回报的看法的声明；Quevar土地一揽子计划的潜在黄金前景；2018年2月NI 43-101矿产资源估算中包含的假设和估算；以及该公司打算进一步推进El Quevar项目，并更新Yaxtché银矿的初步经济评估。这些声明存在风险和不确定性，包括未来可能重新暂停在墨西哥的非必要活动；成本增加，总体经济状况下降；美国、墨西哥或阿根廷的政治条件、税收、特许权使用费、环境和其他法律以及其他市场条件的变化；以及白银和黄金价格的波动。Golden Minerals不承担更新此信息的义务。在Golden Minerals向美国证券交易委员会提交的定期和当前报告中，包括公司截至2023年12月31日的10-K表年度报告中，可能会发现与Golden Mineral有关的其他风险。 For additional information, please visit http://www./. View source version on : https://www./news/home/20240327707450/en/ |
|
|
