Golden Minerals Announces $4.8 Million In Exploration Property Sales

Golden Minerals Announces $4.8 Million In Exploration Property Sales 
GOLDEN, Colo., Feb. 14, 2013 /CNW/ - Golden Minerals Company (NYSE MKT: AUMN; 
TSX: AUM) ("Golden Minerals" or "the Company") is pleased to announce the sale 
of most of its exploration properties in Peru for approximately $4.8 million.  
The Company has entered into an agreement to sell most of the properties to 
Compania de Minas Buenaventura S.A.A. (NYSE:  BVN) for $4.3 million, and has 
completed transactions for approximately $3.5 million of that amount.  The 
sale of the remaining $0.8 million in exploration properties to Buenaventura 
is conditioned on the receipt of third party consents by February 28, 2013. In 
addition, the Company sold other exploration properties in November 2012 to 
another third party for $0.5 million.  The Company has closed its exploration 
office in Peru. 
(Logo: http://photos.prnewswire.com/prnh/20120803/LA52082LOGO) 
Assuming that the final $0.8 million of Peruvian exploration properties are 
sold to Buenaventura, the Company will have sold mining and royalty rights 
totaling approximately $9.5 million since announcing in early 2012 its intent 
to monetize a substantial portion of its exploration portfolio. Previously 
announced 2012 transactions include the sale of two Bolivian exploration 
subsidiaries to a subsidiary of Sumitomo Corporation for $250,000, the sale of 
four claims in Mexico to a subsidiary of Fresnillo PLC for approximately $1.7 
million, and the sale of the Company's one percent net smelter royalty 
interest in the Platosa property to Excellon Resources Inc. for $2.4 million. 
Jeffrey Clevenger, Chairman, President and Chief Executive Officer, commented, 
"Prioritization of projects coupled with our ongoing rationalization process 
since the beginning of 2012 have resulted in proceeds to the Company of 
approximately $9.5 million. Importantly, these sales set the company on track 
for reduced exploration expenditures going forward.  We anticipate 2013 
exploration expenditures of roughly $5 million, including drilling of several 
projects that we believe have high potential, approximately one quarter of the 
level incurred in 2011." 
About Golden Minerals 
Golden Minerals Company is a Delaware corporation based in Golden, Colorado, 
primarily engaged in silver and gold mining at its Velardena Operations in 
Mexico and advancement of the evaluation stage El Quevar project in Argentina. 
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 the 
anticipated sale of $0.8 million of additional exploration properties in Peru 
to Buenaventura, and anticipated 2013 exploration expenditures  These 
statements are subject to risks and uncertainties, including whether required 
third party consents can be obtained on or before February 28, 2013 for the 
anticipated sales of exploration properties to Buenaventura, whether the 
Company elects to spend more funds on exploration in 2013 than currently 
planned due to the results of future exploration, changes in geological, 
geostatistical and other interpretations of the Company's current properties 
or newly acquired exploration properties, unanticipated exploration 
opportunities, unexpected increases in costs of materials and supplies used in 
exploration activities; fluctuations in silver and other metal prices; 
technical and permitting issues; title problems; and financial market 
conditions.  Golden Minerals Company assumes no obligation to update this 
information. 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 Karen Winkler Director of Investor Relations (303) 
839-5060  
www.goldenminerals.com 
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SOURCE: Golden Minerals Company 
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CO: Golden Minerals Company
ST: Colorado
NI: MNG MNA  
-0- Feb/14/2013 12:02 GMT
 
 
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