X0304 4 2011-09-02 0 0001011509 Golden Minerals Co AUMN 0001461054 Blakestad Robert B. 350 INDIANA STREET SUITE 800 GOLDEN CO 80401 0 1 0 0 Sr VP, Explor./Chief Geologist Common Stock 2011-09-02 4 F 0 8661 13.94 D 48607 D Shares surrendered to the Issuer in payment of tax liability in connection with the vesting of 27,867 shares of restricted common stock on September 2, 2011. The closing price of the Issuer's common stock on the NYSE Amex on September 2, 2011, the vesting date of the restricted common stock. Includes zero shares of restricted common stock granted pursuant to the Issuer's 2009 Equity Incentive Plan. /s/ Robert B. Blakestad 2011-09-12