Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hochschild Mining PLC
 2. Date of Event Requiring Statement (Month/Day/Year)
01/07/2010		 3. Issuer Name and Ticker or Trading Symbol
Golden Minerals Co [GDMN]
(Last)
(First)
(Middle)
CALLE LA COLONIA 180		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SURCO, R5, LIMA 33, R5 		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 400,000
I
Held through wholly-owned subsidiary, Hochschild Mining Holdings Limited

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants 01/07/2010 01/07/2013 Common Stock 300,000 $ 15 I Held through wholly-owned subsidiary, Hochschild Mining Holdings Limited

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hochschild Mining PLC
CALLE LA COLONIA 180
SURCO, R5, LIMA 33, R5 		     X    

Signatures

/s/ Jose A. Palma, Vice President and General Counsel 01/15/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
1. Hochschild Mining Holdings Limited ("Hochschild") will also have the right for a period of two years from January 7, 2010 to participate in future equity offerings or share sales by the Issuer on a pro rata basis, in order to permit Hochschild to maintain up to an 11% equity interest, on the same terms and conditions offered to others in such equity offerings or sales.

2. Eduardo Hochschild, as the indirect controlling stockholder of Hochschild Mining plc, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares of Golden Minerals Company presently owned by Hochschild Mining Holdings Limited.  Mr. Hochschild disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

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