Golden Minerals Stock Price, News & Analysis

Golden Minerals (AUMN) announced the adjournment of its virtual annual stockholders meeting, initially set for May 13, 2021, to June 10, 2021. This decision was made to allow more time to gather proxies for crucial proposals, notably the Charter Amendment aimed at increasing authorized common stock from 200 million to 350 million shares. While nearly 90% of received proxies support the amendment, it has yet to secure a majority of outstanding shares, which is necessary for passage. The board recommends stockholders approve this measure to facilitate future business growth.

Golden Minerals Company (AUMN) reported its first quarter 2021 financial results, revealing revenues of $1.8 million and a net operating margin of $0.2 million from its Rodeo gold-silver operations. This marks an increase in revenue from $1.2 million in the first quarter 2020. The company ended the quarter with $8.0 million in cash and expects to achieve net operating margins of $13.0-$15.0 million over the next year. Despite a net loss of $3.2 million, Golden aims for a production target of 12,000-14,000 oz of gold in 2021.

Golden Minerals Company (AUMN) reports strong production results for Q1 2021 from its Rodeo gold-silver mine in Mexico. The company produced 1,559 gold equivalent ounces, with 1,054 ounces sold. They remain on track for an annual output of 12,000 to 14,000 ounces of gold. Mining activities commenced in December 2020, ahead of schedule and within budget. A new regrind mill circuit is expected to enhance production capacity, reaching a planned rate of 450 tonnes per day by May 2021. Full-year production guidance remains stable.

Golden Minerals Company (AUMN) has initiated a 2,000-meter exploration drilling program at its Rodeo gold mine in Mexico, targeting resource expansion. This program aims to potentially extend the mine's estimated life of 2.5 years. Initial results are expected in the coming months. The company has been actively mining since December 2020 and is on track to process up to 450 tonnes per day by the end of March 2021, with anticipated annual production of 12,000 to 14,000 ounces of gold for the year.

Golden Minerals Company (AUMN) reported its financial results for the year ending December 31, 2020, revealing a cash balance of $9.7 million, up from $4.6 million in 2019. Revenue decreased to $5.6 million, down from $7.7 million, primarily due to the early termination of the oxide plant lease with Hecla Mining. The company experienced a net loss of $9.1 million ($0.07 per share), up from $5.4 million in 2019. Business highlights include the successful initiation of the Rodeo mine, anticipated production of 12,000-14,000 oz of gold in 2021, and ongoing exploration activities at Yoquivo and El Quevar.

Fabled Silver Gold Corp. (TSXV:FCO; FSE:7NQ) will present live at VirtualInvestorConferences.com on February 17, 2021, at 11:30am ET. The event allows real-time interaction with investors. Fabled's Santa Maria project in Chihuahua, Mexico, is known for its high-grade silver and gold. The company recently conducted an 8,000-meter drill program and completed its first ground geophysical survey. Initial drill results show 68.6 meters of continuous silver mineralization. More information can be found at this link.

Golden Minerals Company (AUMN) announced the successful first gold pour from its Rodeo project in Mexico on January 30, 2021, producing around 150 gold equivalent ounces. This achievement was completed on schedule and within budget, amid challenges from COVID-19. The company is also enhancing processing capacity with a new regrind ball mill at its Velardeña oxide plant, expected to increase throughput from 200 to 450 tonnes per day by March 2021. CEO Warren Rehn praised the team's efforts in achieving this milestone.

Golden Minerals Company (AUMN) has announced promising results from its resource definition drill program at the Rodeo gold-silver project in Mexico. The assay results from 11 new drill holes reveal wide zones of high-grade near-surface gold mineralization, confirming the presence of silicified epithermal veins and breccias in volcanic rocks. Notable intervals include grades of up to 27.5 g/t Au. This drill program aims to enhance understanding of gold distribution and support future development, as highlighted by the CEO's comments on improved gold grades.

Golden Minerals Company (AUMN) announced positive assay results from nine diamond drill holes at its Rodeo gold-silver project in Mexico. Each hole showed significant near-surface gold mineralization, with average depths of 50 meters. The drill program aims to enhance resource definition and support future project development. Notably, drill hole 002 suggests potential for high-grade mineralization expansion. These results confirm previously reported grades and continuity of the deposit, moving the company closer to advancing the Rodeo project as outlined in its Preliminary Economic Assessment.