-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Wjvbo2/0LxD0OFXqu+JW39VWFjYyPQChIK7pGo0U6C8jSxiHZEt92kW9D+2HOtm/
 /XwTIjCOvpiTY4YJ+9kSmA==

<SEC-DOCUMENT>0001104659-09-022364.txt : 20090402
<SEC-HEADER>0001104659-09-022364.hdr.sgml : 20090402
<ACCEPTANCE-DATETIME>20090402182433
ACCESSION NUMBER:		0001104659-09-022364
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090324
FILED AS OF DATE:		20090402
DATE AS OF CHANGE:		20090402

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Golden Minerals Co
		CENTRAL INDEX KEY:			0001011509
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				841363747
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1700 LINCOLN STREET, SUITE 3050
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203
		BUSINESS PHONE:		3038395060

	MAIL ADDRESS:	
		STREET 1:		1700 LINCOLN STREET, SUITE 3050
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APEX SILVER MINES LTD
		DATE OF NAME CHANGE:	19970825

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			POLYGON GLOBAL OPPORTUNITIES MASTER FUND
		CENTRAL INDEX KEY:			0001278736
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729283

	BUSINESS ADDRESS:	
		STREET 1:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW34LY
		BUSINESS PHONE:		442079018300

	MAIL ADDRESS:	
		STREET 1:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW34LY

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Polygon Investment Partners HK LTD
		CENTRAL INDEX KEY:			0001388444

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729287

	BUSINESS ADDRESS:	
		STREET 1:		UNIT 1501-1502, 15/F CHEUNG KONG CENTER
		STREET 2:		2 QUEEN'S ROAD CENTRAL
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			HK
		BUSINESS PHONE:		852-3762-6300

	MAIL ADDRESS:	
		STREET 1:		UNIT 1501-1502, 15/F CHEUNG KONG CENTER
		STREET 2:		2 QUEEN'S ROAD CENTRAL
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			HK

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Patrick G. G. Dear
		CENTRAL INDEX KEY:			0001399996
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729284

	BUSINESS ADDRESS:	
		STREET 1:		C/O POLYGON INVESTMENT PARTNERS LLP
		STREET 2:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY
		BUSINESS PHONE:		011-44-20-7901-8330

	MAIL ADDRESS:	
		STREET 1:		C/O POLYGON INVESTMENT PARTNERS LLP
		STREET 2:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Reade E. Griffith
		CENTRAL INDEX KEY:			0001399998

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729285

	BUSINESS ADDRESS:	
		STREET 1:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY
		BUSINESS PHONE:		011-44-20-7901-8330

	MAIL ADDRESS:	
		STREET 1:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Polygon Investment Partners GP, LLC
		CENTRAL INDEX KEY:			0001400001
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729286

	BUSINESS ADDRESS:	
		STREET 1:		C/O POLYGON INVESTMENT PARTNERS LP
		STREET 2:		399 PARK AVENUE, 22ND FLR.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-359-7355

	MAIL ADDRESS:	
		STREET 1:		C/O POLYGON INVESTMENT PARTNERS LP
		STREET 2:		399 PARK AVENUE, 22ND FLR.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Polygon Investment Management LTD
		CENTRAL INDEX KEY:			0001400002
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729281

	BUSINESS ADDRESS:	
		STREET 1:		C/O POLYGON INVESTMENT PARTNERS LLP
		STREET 2:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY
		BUSINESS PHONE:		011-44-20-7901-8330

	MAIL ADDRESS:	
		STREET 1:		C/O POLYGON INVESTMENT PARTNERS LLP
		STREET 2:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Polygon Investment Partners LLP
		CENTRAL INDEX KEY:			0001308513
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729289

	BUSINESS ADDRESS:	
		STREET 1:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY
		BUSINESS PHONE:		44 207 901 8330

	MAIL ADDRESS:	
		STREET 1:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Polygon Investments Ltd.
		CENTRAL INDEX KEY:			0001308098
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729282

	BUSINESS ADDRESS:	
		STREET 1:		C/O POLYGON INVESTMENT PARTNERS LLP
		STREET 2:		10 DUKE OF YORK SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW3 4LY
		BUSINESS PHONE:		44 207 901 8330

	MAIL ADDRESS:	
		STREET 1:		UGLAND HOUSE
		STREET 2:		SOUTH CHURCH STREET
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			BWI

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Polygon Investment Partners LP
		CENTRAL INDEX KEY:			0001308514
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13627
		FILM NUMBER:		09729288

	BUSINESS ADDRESS:	
		STREET 1:		399 PARK AVENUE
		STREET 2:		22ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212 359 7300

	MAIL ADDRESS:	
		STREET 1:		399 PARK AVENUE
		STREET 2:		22ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>a3.xml
<DESCRIPTION>3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2009-03-24</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001011509</issuerCik>
        <issuerName>Golden Minerals Co</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001278736</rptOwnerCik>
            <rptOwnerName>POLYGON GLOBAL OPPORTUNITIES MASTER FUND</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 DUKE OF YORK SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>SW34LY</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001308098</rptOwnerCik>
            <rptOwnerName>Polygon Investments Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>UGLAND HOUSE</rptOwnerStreet1>
            <rptOwnerStreet2>SOUTH CHURCH STREET</rptOwnerStreet2>
            <rptOwnerCity>GEORGE TOWN, GRAND CAYMAN</rptOwnerCity>
            <rptOwnerState>E9</rptOwnerState>
            <rptOwnerZipCode>BWI</rptOwnerZipCode>
            <rptOwnerStateDescription>CAYMAN ISLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001400002</rptOwnerCik>
            <rptOwnerName>Polygon Investment Management LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O POLYGON INVESTMENT PARTNERS LLP</rptOwnerStreet1>
            <rptOwnerStreet2>10 DUKE OF YORK SQUARE</rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>SW3 4LY</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001308513</rptOwnerCik>
            <rptOwnerName>Polygon Investment Partners LLP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 DUKE OF YORK SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>SW3 4LY</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001308514</rptOwnerCik>
            <rptOwnerName>Polygon Investment Partners LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>399 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>22ND FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001388444</rptOwnerCik>
            <rptOwnerName>Polygon Investment Partners HK LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>UNIT 1501-1502, 15/F CHEUNG KONG CENTER</rptOwnerStreet1>
            <rptOwnerStreet2>2 QUEEN'S ROAD CENTRAL</rptOwnerStreet2>
            <rptOwnerCity>HONG KONG</rptOwnerCity>
            <rptOwnerState>K3</rptOwnerState>
            <rptOwnerZipCode>HK</rptOwnerZipCode>
            <rptOwnerStateDescription>HONG KONG</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001400001</rptOwnerCik>
            <rptOwnerName>Polygon Investment Partners GP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O POLYGON INVESTMENT PARTNERS LP</rptOwnerStreet1>
            <rptOwnerStreet2>399 PARK AVENUE, 22ND FLR.</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001399998</rptOwnerCik>
            <rptOwnerName>Reade E. Griffith</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 DUKE OF YORK SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>SW3 4LY</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001399996</rptOwnerCik>
            <rptOwnerName>Patrick G. G. Dear</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O POLYGON INVESTMENT PARTNERS LLP</rptOwnerStreet1>
            <rptOwnerStreet2>10 DUKE OF YORK SQUARE</rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>SW3 4LY</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>507009</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Form 3 is filed on behalf of Polygon Global Opportunities Master Fund, Polygon Investments Ltd., Polygon Investment Management Limited, Polygon Investment Partners LLP, Polygon Investment Partners LP, Polygon Investment Partners HK Limited, Polygon Investment Partners GP, LLC, Mr. Reade E. Griffith and Mr. Patrick G. G. Dear.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>POLYGON GLOBAL OPPORTUNITIES MASTER FUND By: Polygon Investment Partners LLP, its investment manager; By: /s/ Patrick G. G. Dear, Principal</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>POLYGON INVESTMENTS LTD. By: /s/ Patrick G. G. Dear, Principal</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>POLYGON INVESTMENT MANAGEMENT LIMITED By: /s/ Patrick G. G. Dear, Principal</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>POLYGON INVESTMENTS PARTNERS LLP By: /s/ Patrick G. G. Dear, Principal</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>POLYGON INVESTMENT PARTNERS LP By: /s/ Patrick G. G. Dear, Principal</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>POLYGON INVESTMENT PARTNERS HK LIMITED By: /s/ Patrick G. G. Dear, Principal</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>POLYGON INVESTMENTS PARTNERS GP, LLC By: /s/ Patrick G. G. Dear, Principal</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Reade E. Griffith</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Patrick G. G. Dear</signatureName>
        <signatureDate>2009-04-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----