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Golden Minerals Reports Production Increases Of 28% For Silver And 27% For Gold

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, and applicable Canadian securities laws, including statements regarding of the timing of anticipated mine development and production ramp-up at the Velardena Operations and the achievement of operational positive cash flow,  the sufficiency of mobile mining and other equipment on site for mine development and production ramp-up activities, and the planned expansion of Velardena Operations production; and the requirement for external funding for an expansion. These statements are subject to risks and uncertainties, including unexpected events at the Velardena Operations, including further delays or problems in mine development and plant optimization; operational changes or problems; variations in ore grade and relative amounts, grades and metallurgical characteristics of oxide and sulfide ores; delays or failure in receiving required board or government approvals or permits; technical, permitting, mining, metallurgical or processing issues; failure to achieve anticipated production and improvements in head grades, recoveries and concentrate production and quality at the Velardena Operations; delays in or failure to realize anticipated benefits of plant optimization efforts; need for and timing and availability of external funding on acceptable terms to construct expanded production facilities; unfavorable interpretations and changes in interpretation of geologic information; failure to realize anticipated gold production increases from the addition of the bulk flotation process being installed at the oxide plant; failure to realize anticipated production increases from the anticipated increase in mine development; loss of and inability to adequately replace skilled mining and management personnel; disputes with customers or joint venture partners; failure of undeveloped ore or veins to meet expectations; volatility or other changes in the U.S. and Canadian securities markets; availability and cost of materials, supplies and electrical power required for mining operations and exploration; fluctuations in silver, gold, zinc and lead prices, costs and general economic conditions; changes in political conditions, tax, environmental and other laws; and diminution of physical safety of employees in Mexico and other conditions in the countries in which the Company operates. Additional risks relating to Golden Minerals Company may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden Minerals Company, including the Annual Report on Form 10-K for the year ended December 31, 2011.

For additional information please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company Jerry W. Danni (303) 839-5060Executive Vice President

SOURCE Golden Minerals Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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