Golden Minerals Stock Price, News & Analysis

Golden Minerals Company (AUMN) announces results from its third drill program at the Yoquivo gold-silver project in Mexico. Initial findings include significant intervals such as 2.2m at 10.21 g/t Au and 138.8 g/t Ag, 0.4m at 30.80 g/t Au and 5260.0 g/t Ag, and 80.1m at 0.89 g/t Au and 64.5 g/t Ag. The drilling aims to explore high-grade intercepts and expand mineralized areas. A total of 17 holes totaling 4,033m have been drilled since May 2022. The company anticipates reporting an initial gold-silver resource by year-end, showcasing promising potential for additional high-grade structures.

Golden Minerals Company (AUMN) reported its first-quarter 2022 financial results, showing a revenue increase to $7.5 million from $1.8 million in Q1 2021, yielding a net operating margin of $3.2 million. The company recorded a net loss of $0.3 million or $0.00 per share, an improvement from $3.2 million loss in the previous year. Production included 3,608 ounces of gold and 13,944 ounces of silver. Cash reserves decreased slightly to $11.7 million. Future expectations include net operating margin of approximately $7.0 to $9.0 million from the Rodeo operation over the next year.

Golden Minerals Company (AUMN) has filed updated Preliminary Economic Assessments for its Velardeña Properties and Rodeo Project. These reports are accessible on SEDAR and the company's website. The assessments were prepared by qualified professionals from Tetra Tech, including Dr. Guillermo Ramírez-Rodríguez and Mr. Randolph Schneider. The content has been reviewed by CEO Warren Rehn. Golden Minerals focuses on gold and silver production from the Rodeo Mine and advancing its properties in Mexico and Argentina.

Golden Minerals Company (AUMN) has appointed John Galassini as the new Chief Operating Officer, effective May 9, 2022. Galassini brings over 30 years of extensive mining operations experience, previously holding senior roles at major mining companies. In his new position, he will oversee the company’s Mexican mining operations, including the Rodeo gold-silver mine and the Velardeña Properties, which are nearing a production restart decision. His leadership is expected to enhance the company’s operational capabilities and strategic development in South America.

Golden Minerals Company (AUMN) reported Q1 2022 production results from its Rodeo gold-silver mine in Mexico. Key metrics include: 3,608 oz of payable gold, 13,944 oz of payable silver, and 3,787 AuEq oz produced. The average gold grade processed was 3.1 g/t, with a gold recovery of 75.4% and silver recovery of 82.8%. Payable gold and silver sold reached 3,855 oz and 14,481 oz respectively, with realized prices of $1,888/oz for gold and $24.24/oz for silver.

Golden Minerals Company (AUMN) reported a strong financial performance for the year ending December 31, 2021, with revenues of $25.6 million, up from $5.6 million in 2020, largely driven by the Rodeo mine's operations. The company achieved a net operating margin of $12.3 million and a net income of $1.5 million in Q4 2021. As of year-end 2021, cash and equivalents totaled $12.2 million with zero debt. However, a net loss of $2.1 million was reported for the year. Future projections estimate net operating margins between $7.0 million and $9.0 million for 2022.

Golden Minerals Company (AUMN) announced the completion of Technical Reports for its Rodeo open pit gold-silver mine and Velardeña Properties in Mexico, adhering to NI 43-101 standards. The Rodeo project has a pre-tax net present value (NPV) of $22.9 million over a 24-month life of mine, assuming $1,800/oz gold and $25.00/oz silver. Estimated operating costs are $66.68/t. The Velardeña project displays a pre-tax NPV of $119 million over 11 years. Both projects' economic models include inferred resources, emphasizing the speculative nature of these estimates.

Golden Minerals Company (AUMN) has announced the results of the final seven holes from its 21-hole drill program at the Yoquivo gold-silver project in Mexico. Highlights include:

• 2.6m at 7.14 g/t Au and 2,058 g/t Ag
• 2.1m at 1.26 g/t Au and 169 g/t Ag
• 1.4m at 0.26 g/t Au and 149 g/t Ag

The drilling aimed to follow high-grade zones from previous programs and explore new veins. The company plans to apply for a larger drill program to further investigate these promising results.

Golden Minerals Company (NYSE-A: AUMN) has announced significant results from its second set of assays from a 21-hole drill program at the Yoquivo gold-silver project in Mexico. Highlights include holes such as YQ_021_006, which returned 6.2m at 17.19 g/t Au and 2,403.5 g/t Ag. The drill program focused on the Pertenencia, Esperanza, and Dolar vein systems, following up on high-grade zones identified in 2020. The company anticipates further assay results for additional holes, with the current results indicating the presence of economic grades across multiple veins.