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 reported production of 4,942 gold equivalent ounces in Q3 2021, a 38% increase from Q2 2021. This includes 4,777 gold ounces and 12,196 silver ounces from the Rodeo gold-silver mine in Mexico. The average gold grade improved to 4.0 g/t, while mill throughput rose to 532 tpd. The company confirmed its annual production guidance of 12,000-14,000 oz of gold and 25,000-30,000 oz of silver for 2021. CEO Warren Rehn expressed optimism about the mine's performance exceeding expectations.
Golden Minerals Company (AUMN) announced the completion of 20 diamond drill holes and the initiation of a reverse circulation drill program at its Rodeo gold-silver mine in Mexico. The program, conducted by Major Drilling, will involve 35 holes over 2,500 meters, aiming to expand the high-grade resource being mined. Recent assay results showed several significant gold-silver intersections, including 78.7m grading 1.06 g/t Au. CEO Warren Rehn expects to complete drilling by September and incorporate potential increases in mineral inventory into the mine plan later this year.
Golden Minerals Company (NYSE American: AUMN) announced the upcoming retirement of CFO Robert Vogels, effective late 2021. The company is currently searching for his successor. CEO Warren Rehn expressed gratitude for Vogels' nearly 40-year career in the mining industry, including 12 years with Golden Minerals. The company is focused on gold and silver production at its Rodeo Mine and advancing projects in Mexico, Argentina, and Nevada. Future leadership will aim to sustain financial operations during ongoing project developments.
Golden Minerals Company (NYSE American: AUMN) reported strong financial results for Q2 2021, achieving a net operating margin of $2.5 million on revenue of $5.9 million. Compared to Q2 2020, revenue increased from $1.2 million while net loss reduced to $0.8 million from $2.3 million. Production yielded 3,634 payable gold equivalent ounces at a cash cost of $915.1 per ounce. The company anticipates a net margin between $11.0 to $13.0 million from Rodeo operations over the next year, while maintaining a cash balance of $6.9 million.
Golden Minerals Company (AUMN) reported a strong performance for Q2 2021, achieving payable production of 3,634 gold equivalent ounces, which includes 3,452 gold ounces and 12,323 silver ounces from its Rodeo mine in Mexico. This marks a substantial 133% increase in production compared to Q1 2021. The average gold grade processed rose to 3.6 g/t Au. The company is on track to meet its production guidance of 12,000-14,000 oz gold and 25,000-30,000 oz silver for the full year.
Golden Minerals Company (AUMN) announced promising initial results from its expansion drill program at the Rodeo open pit gold mine in Mexico. The exploration program, commenced in March 2021, aims to extend the mine's life beyond the estimated 2.5 years. Early results from 606 meters of drilling include notable gold and silver grades, with hole RDO_021_009 reporting 14.65m at 3.94 g/t Au and RDO_021_003 showing 13.75m at 2.64 g/t Au. CEO Warren Rehn expressed optimism about expanding the high-grade zone, which may contribute to a longer mine lifespan.
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.