Welcome to our dedicated page for Golden Minerals Company news (Ticker: $AUMN), a resource for investors and traders seeking the latest updates and insights on Golden Minerals Company stock.
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Rhea-AI Summary
Golden Minerals Company announced Barrick Gold 's withdrawal from an Earn-In Agreement on the El Quevar silver project in Argentina. The termination is effective in April 2024. Barrick had spent over $6.0 million on work expenditures and identified a potential gold prospect. The Agreement offered Barrick a 70% interest by spending $10.0 million over eight years.
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End-of-Day
2.88%
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Golden Minerals Company reported financial results and business summary for the fiscal year ending December 31, 2023. The Rodeo mine in Mexico produced 31,126 oz. gold and 126,151 oz. silver. Cash costs per payable gold oz. averaged $1,275. The Company processed 23,069 DMT of material in 2023 and sold 1,279 DMT of gold-bearing pyrite concentrate. Financially, total 2023 revenue was $12.0 million, with a net loss of $9.2 million. Cash and equivalents balance was $3.8 million as of December 31, 2023. The Company plans to sell assets, seek equity financing, and reduce costs to cover forecasted expenditures in 2024.
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End-of-Day
-12.18%
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Golden Minerals Company announces the passing of W. Durand Eppler, a long-time member of the Board of Directors, with a successful career in the natural resources industry. Mr. Eppler's contributions to the mining and investment community will be deeply missed.
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-3.09%
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Golden Minerals Company halts operations at Velardeña Properties in Mexico due to underperformance, considering potential sale or winding up of operations.
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-40.47%
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Golden Minerals Company has announced the commencement of silver-gold mining operations at its Velardeña Properties in Mexico, with plans to ramp up production to approximately 325 tpd in the second quarter of 2024. The company has also started producing gold-rich pyrite flotation concentrates from stockpiled material, following the suspension of mining activities in 2015 due to low metals prices and operational challenges. The restart of mining operations signifies the company's efforts to achieve sustainable profitable operations.
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Golden Minerals Company (AUMN) completes sale of Santa Maria gold-silver property in Mexico, receiving $1.50 million plus $0.24 million in VAT. Also granted a 1.5% NSR royalty capped at $1 million.
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-8.77%
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Golden Minerals Company (AUMN) has started producing gold-bearing pyrite flotation concentrate from its Velardeña Properties in Durango State, Mexico. The material, stockpiled since 2015, is being processed due to more favorable market terms, with the first shipment estimated to take place this week. The Company plans to continue processing until newly-mined material is available for full capacity processing, anticipated within the next several months. Mining at Velardeña is set to start in December.
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2%
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AUMN: Golden Minerals Company releases Q3 financial results, including $4.2 million public offering, $87.6 million net present value for Velardeña Properties, and $3.2 million net loss. Settlement negotiations with Unifin Financiera ongoing.
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6.52%
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AUMN: Golden Minerals Company Announces Closing of Public Offering, Raises $4.2 Million for Working Capital. The offering includes 6,000,000 shares of common stock, Series A warrants for 6,000,000 shares, and Series B warrants for 3,000,000 shares at $0.70 per share. H.C. Wainwright & Co. acted as the exclusive placement agent.
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-10%
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Golden Minerals Company (NYSE American: AUMN and TSX: AUMN) has announced the pricing of its public offering. The offering includes 6,000,000 shares of common stock, Series A warrants to purchase up to 6,000,000 shares of common stock, and Series B warrants to purchase up to 3,000,000 shares of common stock. The public offering price is $0.70 per share of common stock. The Series A warrants will have an exercise price of $0.70 per share and expire five years after the initial exercise date. The Series B warrants will have an exercise price of $0.70 per share and expire 18 months after the initial exercise date.
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Rhea-AI Sentiment
End-of-Day
-40%
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Golden Minerals Company
NYSE:AUMN
AUMN Rankings
AUMN Stock Data
7.11M
13.01M
0.33%
17.3%
0.78%
Silver Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
GOLDEN
About AUMN
golden minerals company, headquartered in golden, colorado, is a precious metals mining company with mining operations in mexico and a portfolio of roughly 30 exploration projects located in mexico’s silver belt and in argentina. business strategy we seek to establish golden minerals as a mid-tier precious metals mining company, focusing on mining in mexico, establishing a second set of mining assets, obtaining oxide feed for our oxide plant and continued exploration of selected properties. we are also focused on strategic business opportunities. golden owns the velardeña properties, high grade silver and gold underground mining operations located in durango state, mexico. velardeña ni 43-101 resources as of february 2015 total approximately 27m silver equivalent ounces (ageq oz) measured and indicated plus 33m ageq oz inferred. grades average over 300 grams per tonne silver and around 4.5 grams per tonne gold. velardeña’s resources also include lead and zinc base metals. golde