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 (AMEX:AUMN) has filed a NI 43-101 Technical Report for the Yoquivo project, prepared by Mine Technical Services Ltd., with an effective date of February 24, 2023. The report presents an initial Mineral Resource estimate and is accessible on SEDAR and the company's website. The Qualified Persons involved in the report include Todd Wakefield, Edward J. C. Orbock III, and Brian Arthur, all affiliated with Mine Technical Services Ltd. The report has been approved by Warren Rehn, the CEO of Golden Minerals. The company remains focused on gold and silver production, primarily from its Rodeo Mine, and exploring properties in Mexico and Argentina.
Golden Minerals Company (AUMN) reported its financial results for the fiscal year ending December 31, 2022, highlighting a revenue of $23.3 million from the Rodeo mine, down from $25.6 million in 2021. The net loss increased to $9.9 million or $0.06 per share. Cash resources decreased to $4.0 million compared to $12.2 million the previous year. The company plans to manage its liquidity by selling non-core assets and seeking equity financing, as it anticipates needing between $4.5 million and $5.5 million to cover expenses in 2023.
Golden Minerals Company announced the first Mineral Resource estimate for its Yoquivo silver-gold project in Chihuahua, Mexico. The initial estimate shows a high-grade resource of 570 g/t silver equivalent. The total inferred resource is 937,000 tonnes, containing 12,300 koz Ag and 17,230 koz AgEq. The report was prepared by Mine Technical Services, effective February 24, 2023. CEO Warren M. Rehn expressed optimism regarding the potential for future resource upgrades and production development. The estimate represents only a small portion of the overall area, indicating significant exploration potential.
Golden Minerals Company (NYSE-A: AUMN) reports the final results from the third drill program at the Yoquivo gold-silver project in Mexico. The program features 10 holes, totaling 9,268.35 meters, with significant high-grade intercepts: 4.80m at 1.45 g/t Au and 510 g/t Ag from the Camila vein, and 2.29m at 3.86 g/t Au and 668 g/t Ag from the Pertenencia vein. Drilling began in May 2022, aiming for an initial mineral resource estimate compliant with NI 43-101. The company anticipates completing this estimate in Q1 2023, building on previous drilling campaigns and revealing further mineralization potential.
Golden Minerals Company (AUMN) has released its production data for the fourth quarter and full year 2022 from the Rodeo gold-silver mine in Mexico. Key highlights include 2,398 ounces of payable gold and 13,560 ounces of payable silver produced in Q4. For FY 2022, the company reported a total of 11,982 ounces of gold and 52,179 ounces of silver. Average gold grade for Q4 was 2.0 g/t Au, with a recovery rate of 73.3%. Realized prices for gold and silver in Q4 were $1,729/oz and $21.69/oz, respectively.
Golden Minerals Company (NYSE-A: AUMN) has announced assay results from 31 diamond drilling holes at its Sarita Este property in Argentina. The program confirms mineralization at the Sico epithermal target, with notable results such as 16.3m @ 1.56 g/t Au. The mineralized zone covers approximately 300m x 120m, with potential for further expansion. Initial metallurgical tests indicate an impressive 89% gold extractability. Follow-up drilling is planned to explore open trends and mineralization to the north.
Golden Minerals Company (AUMN) reported third-quarter 2022 financial results, revealing revenue of $5.3 million and a net loss of $2.7 million, or $0.02 per share, compared to a net gain of $0.4 million in Q3 2021. The Rodeo mine produced 2,972 payable gold ounces and 11,907 payable silver ounces, with cash costs of $1,391.1 per payable gold ounce. With a cash balance of $6.5 million, the company anticipates $5.5 to $6.5 million in net operating margin over the next year, assuming stable commodity prices.
Golden Minerals Company (AUMN) has announced its plan to release third quarter 2022 financial results on November 10, 2022, pre-market at 7:00 a.m. ET. A management conference call and webcast are scheduled for 11:00 a.m. ET the same day, where recent project updates and financial results will be discussed. Interested parties can pre-register for the webcast and will have the opportunity to submit questions prior to the call.
Golden operates primarily from the Rodeo Mine and is advancing its projects in Mexico and Argentina.
Golden Minerals Company (AUMN) has released its production results from the Rodeo gold-silver mine for Q3 2022. Key figures include gold production of 2,972 oz and silver production of 11,907 oz. The average gold grade was reported at 2.6 g/t, with a throughput of 521 tpd and recoveries of 74.6% for gold and 77.6% for silver. The realized prices for gold and silver stood at $1,703/oz and $18.72/oz respectively. Year-to-date production reflects a total of 9,584 oz of gold and 38,619 oz of silver produced in dore.
Golden Minerals Company (AUMN) has provided updates on various projects, including drill results from the Yoquivo gold-silver project in Mexico. A total of 24 holes have been drilled, with significant highlights including 3.7m at 4.5 g/t Au and 767 g/t Ag. Future plans include a follow-up drill program of approximately 2,500 meters. At Velardeña, the company will undertake a development drilling program to delineate alternative veins. The Rodeo mine continues to meet production expectations, forecasting 12,000-14,000 ounces of gold for 2022. Golden will also participate in the Precious Metals Summit from September 13-16, 2022.