Welcome to our dedicated page for Golden Minerals Company news (Ticker: AUMN), a resource for investors and traders seeking the latest updates and insights on Golden Minerals Company 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.
Golden Minerals Company (AMEX:AUMN) has filed a NI 43-101 Technical Report for the Yoquivo project, prepared by Mine Technical Services Ltd., with an effective date of February 24, 2023. The report presents an initial Mineral Resource estimate and is accessible on SEDAR and the company's website. The Qualified Persons involved in the report include Todd Wakefield, Edward J. C. Orbock III, and Brian Arthur, all affiliated with Mine Technical Services Ltd. The report has been approved by Warren Rehn, the CEO of Golden Minerals. The company remains focused on gold and silver production, primarily from its Rodeo Mine, and exploring properties in Mexico and Argentina.
Golden Minerals Company (AUMN) reported its financial results for the fiscal year ending December 31, 2022, highlighting a revenue of
Golden Minerals Company announced the first Mineral Resource estimate for its Yoquivo silver-gold project in Chihuahua, Mexico. The initial estimate shows a high-grade resource of 570 g/t silver equivalent. The total inferred resource is 937,000 tonnes, containing 12,300 koz Ag and 17,230 koz AgEq. The report was prepared by Mine Technical Services, effective February 24, 2023. CEO Warren M. Rehn expressed optimism regarding the potential for future resource upgrades and production development. The estimate represents only a small portion of the overall area, indicating significant exploration potential.
Golden Minerals Company (NYSE-A: AUMN) reports the final results from the third drill program at the Yoquivo gold-silver project in Mexico. The program features 10 holes, totaling 9,268.35 meters, with significant high-grade intercepts: 4.80m at 1.45 g/t Au and 510 g/t Ag from the Camila vein, and 2.29m at 3.86 g/t Au and 668 g/t Ag from the Pertenencia vein. Drilling began in May 2022, aiming for an initial mineral resource estimate compliant with NI 43-101. The company anticipates completing this estimate in Q1 2023, building on previous drilling campaigns and revealing further mineralization potential.
Golden Minerals Company (AUMN) has released its production data for the fourth quarter and full year 2022 from the Rodeo gold-silver mine in Mexico. Key highlights include 2,398 ounces of payable gold and 13,560 ounces of payable silver produced in Q4. For FY 2022, the company reported a total of 11,982 ounces of gold and 52,179 ounces of silver. Average gold grade for Q4 was 2.0 g/t Au, with a recovery rate of 73.3%. Realized prices for gold and silver in Q4 were $1,729/oz and $21.69/oz, respectively.
Golden Minerals Company (NYSE-A: AUMN) has announced assay results from 31 diamond drilling holes at its Sarita Este property in Argentina. The program confirms mineralization at the Sico epithermal target, with notable results such as 16.3m @ 1.56 g/t Au. The mineralized zone covers approximately 300m x 120m, with potential for further expansion. Initial metallurgical tests indicate an impressive 89% gold extractability. Follow-up drilling is planned to explore open trends and mineralization to the north.
Golden Minerals Company (AUMN) reported third-quarter 2022 financial results, revealing revenue of $5.3 million and a net loss of $2.7 million, or $0.02 per share, compared to a net gain of $0.4 million in Q3 2021. The Rodeo mine produced 2,972 payable gold ounces and 11,907 payable silver ounces, with cash costs of $1,391.1 per payable gold ounce. With a cash balance of $6.5 million, the company anticipates $5.5 to $6.5 million in net operating margin over the next year, assuming stable commodity prices.
Golden Minerals Company (AUMN) has announced its plan to release third quarter 2022 financial results on November 10, 2022, pre-market at 7:00 a.m. ET. A management conference call and webcast are scheduled for 11:00 a.m. ET the same day, where recent project updates and financial results will be discussed. Interested parties can pre-register for the webcast and will have the opportunity to submit questions prior to the call.
Golden operates primarily from the Rodeo Mine and is advancing its projects in Mexico and Argentina.
Golden Minerals Company (AUMN) has released its production results from the Rodeo gold-silver mine for Q3 2022. Key figures include gold production of 2,972 oz and silver production of 11,907 oz. The average gold grade was reported at 2.6 g/t, with a throughput of 521 tpd and recoveries of 74.6% for gold and 77.6% for silver. The realized prices for gold and silver stood at $1,703/oz and $18.72/oz respectively. Year-to-date production reflects a total of 9,584 oz of gold and 38,619 oz of silver produced in dore.
Golden Minerals Company (AUMN) has provided updates on various projects, including drill results from the Yoquivo gold-silver project in Mexico. A total of 24 holes have been drilled, with significant highlights including 3.7m at 4.5 g/t Au and 767 g/t Ag. Future plans include a follow-up drill program of approximately 2,500 meters. At Velardeña, the company will undertake a development drilling program to delineate alternative veins. The Rodeo mine continues to meet production expectations, forecasting 12,000-14,000 ounces of gold for 2022. Golden will also participate in the Precious Metals Summit from September 13-16, 2022.
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