Welcome to our dedicated page for Golden Minerals news (Ticker: AUMN), a resource for investors and traders seeking the latest updates and insights on Golden Minerals stock.
Golden Minerals Company (AUMN) is a silver ore mining company that has been undergoing a significant restructuring, and its news flow reflects this transition. Recent press releases describe the suspension and sale of its Velardeña mining operations in Mexico, the divestiture of other Mexican subsidiaries, and the sale of projects such as El Quevar in Argentina and Yoquivo in Mexico. These announcements provide insight into how the company has been reducing liabilities, lowering its cost structure, and exiting higher-cost or non-core assets.
News updates also highlight Golden Minerals’ shift toward exploration-focused activities. The company reports ongoing work at the Desierto Project in the Puna region of Salta Province, Argentina, where surface exploration has identified alteration zones and anomalous gold and silver values, and at the Sand Canyon Project in Nevada, where it has exercised an option to earn a majority interest and is finalizing joint venture documentation. These releases give readers a view into how Golden Minerals is attempting to reposition around exploration-stage opportunities.
Investors following AUMN news will also find information about liquidity and capital resources, including the company’s own statements about its cash position, dependence on asset sales or external financing, and the risks it identifies if additional capital is not obtained. Corporate governance developments, such as director elections at the annual meeting and changes in the Chief Financial Officer role, are covered in separate announcements.
This news page aggregates these company-issued updates, including financial results, asset sale completions, project exploration summaries, and trading venue changes, such as the transition from the NYSE American to the OTC Pink Market and the ongoing listing on the Toronto Stock Exchange. Readers can use this coverage to monitor how Golden Minerals’ strategy, assets, and risk profile evolve over time.
Golden Minerals Company (AUMN) reported its financial results for the year ending December 31, 2020, revealing a cash balance of $9.7 million, up from $4.6 million in 2019. Revenue decreased to $5.6 million, down from $7.7 million, primarily due to the early termination of the oxide plant lease with Hecla Mining. The company experienced a net loss of $9.1 million ($0.07 per share), up from $5.4 million in 2019. Business highlights include the successful initiation of the Rodeo mine, anticipated production of 12,000-14,000 oz of gold in 2021, and ongoing exploration activities at Yoquivo and El Quevar.
Fabled Silver Gold Corp. (TSXV:FCO; FSE:7NQ) will present live at VirtualInvestorConferences.com on February 17, 2021, at 11:30am ET. The event allows real-time interaction with investors. Fabled's Santa Maria project in Chihuahua, Mexico, is known for its high-grade silver and gold. The company recently conducted an 8,000-meter drill program and completed its first ground geophysical survey. Initial drill results show 68.6 meters of continuous silver mineralization. More information can be found at this link.
Golden Minerals Company (AUMN) announced the successful first gold pour from its Rodeo project in Mexico on January 30, 2021, producing around 150 gold equivalent ounces. This achievement was completed on schedule and within budget, amid challenges from COVID-19. The company is also enhancing processing capacity with a new regrind ball mill at its Velardeña oxide plant, expected to increase throughput from 200 to 450 tonnes per day by March 2021. CEO Warren Rehn praised the team's efforts in achieving this milestone.
Golden Minerals Company (AUMN) has announced promising results from its resource definition drill program at the Rodeo gold-silver project in Mexico. The assay results from 11 new drill holes reveal wide zones of high-grade near-surface gold mineralization, confirming the presence of silicified epithermal veins and breccias in volcanic rocks. Notable intervals include grades of up to 27.5 g/t Au. This drill program aims to enhance understanding of gold distribution and support future development, as highlighted by the CEO's comments on improved gold grades.
Golden Minerals Company (AUMN) announced positive assay results from nine diamond drill holes at its Rodeo gold-silver project in Mexico. Each hole showed significant near-surface gold mineralization, with average depths of 50 meters. The drill program aims to enhance resource definition and support future project development. Notably, drill hole 002 suggests potential for high-grade mineralization expansion. These results confirm previously reported grades and continuity of the deposit, moving the company closer to advancing the Rodeo project as outlined in its Preliminary Economic Assessment.
Golden Minerals Company (AUMN) reported financial results for Q2 2020, revealing revenues of $1.2 million and a net loss of $2.3 million or $0.02 per share. This reflects a decrease in net operating margin from $1.3 million in Q2 2019, attributed to operational suspensions due to COVID-19 and a contract amendment affecting pricing. The company secured $3.7 million in funding related to agreements with Barrick Gold and an equity offering, ending the quarter with $3.6 million in cash. Future exploration and project advancements are planned, depending on approvals and drilling results.
Golden Minerals Company (AUMN) has successfully closed a public underwritten offering of 20,535,714 shares at $0.42 each, raising approximately $8.6 million in gross proceeds. This includes the full exercise of an underwriter's option for an additional 2,678,571 shares. H.C. Wainwright & Co. served as the sole book-running manager for the offering. The shares were offered under a previously declared registration statement effective since September 2017. The company remains focused on its mining projects in Mexico and Argentina.
Golden Minerals Company (AUMN) announced an increase in its common stock offering due to high demand, now totaling 17,857,143 shares priced at $0.42 each. The expected closing date is around July 23, 2020, contingent upon customary conditions. H.C. Wainwright & Co. is the sole book-running manager, and gross proceeds could reach approximately $7.5 million. The funds will be used for working capital and corporate purposes. The offering is part of a shelf registration declared effective on September 28, 2017.
Golden Minerals Company (AUMN) announced an underwriting agreement with H.C. Wainwright & Co. for 15,476,191 shares at $0.42 each. The gross proceeds are anticipated to be approximately $6.5 million, aimed at working capital and corporate purposes. The offering is set to close around July 23, 2020, pending customary conditions. An additional option for 2,321,428 shares has been granted to the underwriter. This move is part of Golden's ongoing strategy to advance its mining properties in Mexico and Argentina.
Golden Minerals Company (AUMN) announced it has signed a letter of intent with Fabled Copper Corp for an option to acquire a 100% interest in the Santa Maria silver-gold project in Mexico. Under the agreement, Fabled will pay a total of US$4 million in cash and will grant a 1% net smelter return royalty. The transaction is subject to regulatory approval and requires Fabled to secure an equity private placement of at least CAD$4 million. This move follows a previous failed agreement with Magellan Gold regarding the same project.