<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2009-05-19</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001011509</issuerCik>
        <issuerName>Golden Minerals Co</issuerName>
        <issuerTradingSymbol>GDMN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001434080</rptOwnerCik>
            <rptOwnerName>TRISHIELD DISTRESSED SECURITIES FUND LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>30 WEST 15TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2>NO 7S</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10011</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001466716</rptOwnerCik>
            <rptOwnerName>Buick Alan Jeffrey Jr.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>30 WEST 15TH STREET, NO. 7S</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10011</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001466710</rptOwnerCik>
            <rptOwnerName>Trishield Partners LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>30 WEST 15TH STREET, NO. 7S</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10011</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001466715</rptOwnerCik>
            <rptOwnerName>Trishield Capital Management LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>30 WEST 15TH STREET, NO. 7S</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10011</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>304565</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Form 3 is being filed by the undersigned as well as the entities listed on the Joint Filer Information Statement
 attached as an exhibit hereto (the &quot;Reporting Persons&quot;).</footnote>
        <footnote id="F2">Represents amount beneficially owned immediately following the event that required the filing of this statement.</footnote>
        <footnote id="F3">Alan Jeffrey Buick Jr. is the sole managing member of Trishield Partners LLC and Trishield Capital Management LLC.  Trishield
 Partners LLC is the sole managing member of Trishield Distressed Securities Fund LLC.  Trishield Capital Management LLC is
 the investment manager of Trishield Distressed Securities Fund LLC.  Trishield Distressed Securities Fund LLC directly holds
 the shares of Golden Minerals Company.  For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each
 Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary
 interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial
 owner of such securities for purposes of Section 16 or otherwise.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Trishield Distressed Securities Fund LLC</signatureName>
        <signatureDate>2009-06-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Trishield Partners LLC, its managing member</signatureName>
        <signatureDate>2009-06-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Alan Jeffrey Buick Jr., its managing member</signatureName>
        <signatureDate>2009-06-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
