golden minerals company, headquartered in golden, colorado, is a precious metals mining company with mining operations in mexico and a portfolio of roughly 30 exploration projects located in mexico’s silver belt and in argentina. business strategy we seek to establish golden minerals as a mid-tier precious metals mining company, focusing on mining in mexico, establishing a second set of mining assets, obtaining oxide feed for our oxide plant and continued exploration of selected properties. we are also focused on strategic business opportunities. golden owns the velardeña properties, high grade silver and gold underground mining operations located in durango state, mexico. velardeña ni 43-101 resources as of february 2015 total approximately 27m silver equivalent ounces (ageq oz) measured and indicated plus 33m ageq oz inferred. grades average over 300 grams per tonne silver and around 4.5 grams per tonne gold. velardeña’s resources also include lead and zinc base metals. golde