Sec Form 5 Filing - Hochschild Mining PLC @ Golden Minerals Co - 2010-12-31

FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Name and Address of Reporting Person Hochschild Mining PLC 2. Issuer Name and Ticker or Trading Symbol Golden Minerals Co [ AUMN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Former 10% Owner (Last) (First) (Middle) CALLE LA COLONIA 180, URB. EL VIVERO, SANTIAGO DE SURCO 3. Date of Earliest Transaction (MM/DD/YY) 12/31/2010 (Street) LIMA PERU, R5 4. If Amendment, Date Original Filed (MM/DD/YY) 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 Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/03/2010( 1 ) 11/03/2010( 1 ) S V 400,000 D 0 I See Footnote ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares WARRANTS $ 15 01/07/2010 J V 0 01/07/2010 01/07/2013 Common Stock 300,000 $ 0 300,000 I See Footnote ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Hochschild Mining PLC CALLE LA COLONIA 180 URB. EL VIVERO, SANTIAGO DE SURCO LIMA PERU, R5 Former 10% Owner Signatures /s/ Jose A. Palma, Vice President and General Counsel 02/07/2011 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Hochschild Mining plc sold all of its Common Stock between November 3, 2010 and December 15, 2010 at which time it had ceased to be a 10% owner for a period in excess of six months. The dates of sale, price per share sold, and amount sold are set forth on Schedule I. Hochschild Mining plc retains Warrants to purchase 300,000 shares of Common Stock. ( 2 )Held through wholly-owned subsidiary, Hochschild Mining Holdings Limited.

Remarks: Table II, Item 4. Warrants received in transaction reported on Hochschild's Form 3 filed on January 15,2010.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(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).

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