Golden Minerals Stock Price, News & Analysis

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.

Golden Minerals Company (AMEX:AUMN) has announced assay results from five holes of its 21-hole drilling program at the Yoquivo gold-silver project in Mexico. Highlights include intervals of 2.4 meters at 0.51 g/t Au and 706 g/t Ag, and 1.5 meters at 4.02 g/t Au and 1,473.2 g/t Ag. The program aims to follow high-grade zones identified in 2020 and assess new veins. Initial findings indicate two mineralization styles, prompting further exploration of previously drilled areas. The firm plans to advance exploration based on these promising results.

Golden Minerals Company (AUMN) announced successful assay results from its first-ever drilling program at the Sarita Este prospect in Argentina. The program involved 10 diamond holes totaling 2,518 meters, revealing promising mineralization. Key findings include: 9.9m @ 1.91g/t Au and 240m @ 0.13% Cu. The results indicate significant oxide-gold and copper-porphyry potential in the area. The company plans further drilling in 2022, aiming to expand on these discoveries.

Golden Minerals Company (AUMN) announced production results from its Rodeo gold-silver mine in Mexico for Q4 and FY 2021. The mine produced 4,831 ounces of gold and 15,250 ounces of silver in Q4, exceeding guidance. For FY 2021, total production reached 14,449 ounces of gold and 51,058 ounces of silver. The average gold recovery was 76.5% in Q4, with realized gold prices at $1,784/oz and silver at $23.08/oz. The company's president highlighted the successful transition to a producer and plans for continued growth in 2022, including potentially restarting the Velardeña operation.