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) has initiated drilling at its Rodeo gold and silver property in Durango, Mexico, aiming to drill approximately 20 holes to define the high-grade core of the Rodeo deposit. The program builds on prior successful campaigns that identified valuable gold-quartz veins. Positive past results show thicknesses and grades, including notable intersections from several holes. The drilling will also deliver samples for metallurgical testing, an essential step towards development, with potential revenue generation from Rodeo starting as early as 2021.
Golden Minerals Company (AUMN) has filed a Preliminary Economic Assessment (PEA) and Technical Report for its Rodeo open pit gold project in Mexico. The report, prepared by Mineral Resources Engineering, is now available on SEDAR and the Company's website. Rodeo is located approximately 80 kilometers from the Velardeña Properties, highlighting the Company’s focus on advancing its mining assets. The report was dated May 27, 2020, and reviewed by President Warren Rehn. Golden Minerals is dedicated to its projects in Mexico and Argentina, aiming to enhance shareholder value.
Golden Minerals Company (AUMN) announced the filing of a Preliminary Economic Assessment (PEA) and Technical Report for its Velardeña Properties, a silver-gold project in Durango, Mexico. The report, prepared by Tetra Tech, is dated May 8, 2020, and complies with NI 43-101 standards. Investors can access the report via SEDAR or the company's website. The PEA and report are crucial for understanding the project's economic potential.
Golden Minerals Company (AUMN) reported a net loss of $3.3 million or $0.03 per share for Q1 2020, compared to a loss of $2.4 million in Q1 2019. Revenue from oxide plant lease was $1.2 million, down from $1.9 million a year prior, with a net operating margin of $0.6 million. Cash reserves dropped to $2.2 million from $4.6 million at the end of 2019. Positive developments include a successful Preliminary Economic Assessment for the Rodeo gold project, with an NPV of $24.4 million, and significant funding of $3.7 million post-Q1. However, exploration expenses rose to $1.6 million, reflecting increased activity.