Golden Minerals Stock Price, News & Analysis

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.

Golden Minerals Company (NYSE American: AUMN) reported its financial results for the second quarter of 2022, showing revenue of $5.9 million and a net operating margin of $1.3 million. This marks a decrease in net operating margin from $2.5 million in Q2 2021. The company recorded a net loss of $2.8 million or $0.02 per share, compared to a loss of $0.8 million in the previous year. Cash and equivalents totaled $9.5 million as of June 30, 2022. Ongoing mining activities at the Rodeo mine produced 3,004 gold ounces and 12,768 silver ounces, but cash costs rose to $1,426.1 per payable gold ounce due to lower grades.

Golden Minerals Company (NYSE-A: AUMN) announced assay results from the first 10 of 22 holes in a diamond drill program at the Sarita Este property in Salta, Argentina. The drilling, completed in June 2022, targeted the 'Sico' epithermal target and revealed significant gold and silver intersections, including 52.5m at 1.49 g/t Au and 5.2 g/t Ag. The results confirm mineralization extends around the Sico target, with a follow-up campaign planned for mid-August. The prospect is located near notable mining projects, potentially enhancing its economic prospects.