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GOLDEN MINERALS CO - AUMN STOCK NEWS

Welcome to our dedicated page for GOLDEN MINERALS CO news (Ticker: AUMN), a resource for investors and traders seeking the latest updates and insights on GOLDEN MINERALS CO stock.

Golden Minerals Company (Symbol: AUMN) is a precious metals mining company headquartered in Golden, Colorado. With mining operations primarily in Mexico and a portfolio of approximately 30 exploration projects spread across Mexico's silver belt and Argentina, the company is committed to becoming a mid-tier precious metals producer.

The core business strategy of Golden Minerals includes focusing on mining operations in Mexico, setting up a second set of mining assets, securing oxide feed for its oxide plant, and exploring select properties. They are also on the lookout for strategic business opportunities to expand their reach and capabilities.

Golden Minerals owns the Velardeña Properties, which are high-grade silver and gold underground mining operations located in Durango State, Mexico. As of February 2015, Velardeña's NI 43-101 resources include approximately 27 million silver equivalent ounces (AgEq oz) in measured and indicated categories, plus an additional 33 million AgEq oz inferred. The resource grades average over 300 grams per tonne of silver and around 4.5 grams per tonne of gold. Velardeña's resources also contain lead and zinc base metals.

In addition to Velardeña, the company owns the El Quevar exploration property in the province of Salta, Argentina, and a diversified portfolio of precious metals and other mineral exploration properties located in or near historically significant precious metals producing regions in Mexico.

Golden Minerals' business is structured into two main divisions: Mexico Operations and Corporate Exploration and Other. These divisions allow the company to manage its mining activities efficiently while also focusing on exploratory ventures to discover new opportunities.

News

Golden Minerals Begins Mining Operations at Velardeña Silver-Gold Properties

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Golden Minerals Company has announced the commencement of silver-gold mining operations at its Velardeña Properties in Mexico, with plans to ramp up production to approximately 325 tpd in the second quarter of 2024. The company has also started producing gold-rich pyrite flotation concentrates from stockpiled material, following the suspension of mining activities in 2015 due to low metals prices and operational challenges. The restart of mining operations signifies the company's efforts to achieve sustainable profitable operations.
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Golden Minerals Completes Sale of Santa Maria Gold-Silver Property

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Golden Minerals Company (AUMN) completes sale of Santa Maria gold-silver property in Mexico, receiving $1.50 million plus $0.24 million in VAT. Also granted a 1.5% NSR royalty capped at $1 million.
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Golden Minerals Begins Producing Gold-Bearing Pyrite Concentrate at Velardeña

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Golden Minerals Company (AUMN) has started producing gold-bearing pyrite flotation concentrate from its Velardeña Properties in Durango State, Mexico. The material, stockpiled since 2015, is being processed due to more favorable market terms, with the first shipment estimated to take place this week. The Company plans to continue processing until newly-mined material is available for full capacity processing, anticipated within the next several months. Mining at Velardeña is set to start in December.
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Golden Minerals Reports Third Quarter 2023 Financial Results

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AUMN: Golden Minerals Company releases Q3 financial results, including $4.2 million public offering, $87.6 million net present value for Velardeña Properties, and $3.2 million net loss. Settlement negotiations with Unifin Financiera ongoing.
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Golden Minerals Announces Closing of US$4.2 Million Public Offering

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AUMN: Golden Minerals Company Announces Closing of Public Offering, Raises $4.2 Million for Working Capital. The offering includes 6,000,000 shares of common stock, Series A warrants for 6,000,000 shares, and Series B warrants for 3,000,000 shares at $0.70 per share. H.C. Wainwright & Co. acted as the exclusive placement agent.
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Golden Minerals Announces US$4.2 Million Public Offering

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Golden Minerals Company (NYSE American: AUMN and TSX: AUMN) has announced the pricing of its public offering. The offering includes 6,000,000 shares of common stock, Series A warrants to purchase up to 6,000,000 shares of common stock, and Series B warrants to purchase up to 3,000,000 shares of common stock. The public offering price is $0.70 per share of common stock. The Series A warrants will have an exercise price of $0.70 per share and expire five years after the initial exercise date. The Series B warrants will have an exercise price of $0.70 per share and expire 18 months after the initial exercise date.
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Golden Minerals Files Updated PEA for Velardeña Project

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Golden Minerals Company filed an updated technical report for its Velardeña Properties.
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Golden Minerals Receives NYSE Acceptance of Plan to Regain Listing Compliance

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Golden Minerals Company has received acceptance from NYSE for its business plan to regain compliance with listing standards.
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Updated PEA for Velardeña Properties (Durango, Mexico) Shows $87.6 Million After-Tax NPV

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Golden Minerals Company completed an updated Technical Report for its Velardeña Properties in Mexico. The updated PEA estimates an after-tax net present value of $87.6 million, using a discount rate of 8%. The TR assumes prices of $1,826/ounce gold, $22.71/ounce silver, $1.02/pound lead, and $1.31/pound zinc.
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Golden Minerals Reports Second Quarter 2023 Financial Results

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Golden Minerals Company has released its financial results and business summary for the second quarter ending June 30, 2023. The company plans to restart mining operations at its Velardeña Properties in Mexico pending sufficient financing. In the second quarter, the Rodeo mine reported 1,828 ounces of gold and 7,742 ounces of silver in doré, with average realized sales prices of $1,976/oz. gold and $24.34/oz. silver. The company sold 656 tonnes of gold-rich pyrite concentrate, 118 tonnes of silver-rich lead concentrate, and 63 tonnes of zinc concentrate, generating a combined revenue of $1.2 million. Revenue for the quarter was $5.0 million, and the net loss was $1.5 million. Cash and equivalents balance as of June 30, 2023, was $3.4 million.
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FAQ

What is the current stock price of GOLDEN MINERALS CO (AUMN)?

The current stock price of GOLDEN MINERALS CO (AUMN) is $0.088 as of January 29, 2025.

What is the market cap of GOLDEN MINERALS CO (AUMN)?

The market cap of GOLDEN MINERALS CO (AUMN) is approximately 1.4M.

What is Golden Minerals Company?

Golden Minerals Company is a precious metals mining company with headquarters in Golden, Colorado. It operates primarily in Mexico and Argentina.

Where are Golden Minerals Company's mining operations located?

The company has mining operations in Mexico and exploration projects in Mexico's silver belt and in Argentina.

What is the core business strategy of Golden Minerals?

The core strategy includes focusing on mining in Mexico, establishing additional mining assets, securing oxide feed for its plant, and exploring select properties.

What are the Velardeña Properties?

The Velardeña Properties are high-grade silver and gold underground mining operations in Durango State, Mexico, with significant resources of silver, gold, lead, and zinc.

How are Golden Minerals' business operations structured?

The company's operations are divided into two main divisions: Mexico Operations and Corporate Exploration and Other.

What is the significance of the El Quevar property?

El Quevar is an exploration property located in Salta, Argentina, adding valuable exploration potential to the company's portfolio.

What are NI 43-101 resources?

NI 43-101 resources are estimates of mineral resources that comply with standards set by Canadian regulations, ensuring accurate and reliable reporting.

What metals are produced at Velardeña?

Velardeña primarily produces silver and gold, with additional production of lead and zinc.

What are Golden Minerals' exploration projects focused on?

The exploration projects are focused on precious metals like silver and gold, particularly in historically significant mining regions.

How does Golden Minerals aim to grow its business?

The company aims to grow by expanding its mining operations, exploring new properties, and seeking out strategic business opportunities.
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GOLDEN MINERALS CO

NYSE:AUMN

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AUMN Stock Data

1.43M
12.40M
3.38%
7.75%
0.83%
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