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 (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.
Golden Minerals Company (AUMN) announced the appointment of Deborah Friedman to its board of directors, effective December 9, 2021. Ms. Friedman will also serve on the Audit and Corporate Governance Committees. Her experience includes serving as general counsel for Golden Minerals from 2009 to 2015 and extensive expertise in corporate finance and governance. The addition increases the board's independent members to seven out of eight. Chairman Jeffrey Clevenger expressed confidence in Friedman’s experience to enhance the company's operations as it aims for cash flow growth from its mines.
Golden Minerals Company (AUMN) has announced Julie Weedman as the incoming Chief Financial Officer, succeeding Robert Vogels, who is retiring. Weedman will start as Vice President of Finance on January 16, 2022, and transition to CFO after Vogels' retirement in late February 2022. With over 30 years of financial and accounting experience, Weedman previously served at Aerospace Contacts LLC and held various roles in finance within the mining sector. The company focuses on gold and silver production from its Rodeo Mine and advancing its properties in Mexico and Argentina.
Golden Minerals Company (AUMN) has announced promising results from its drilling programs at the Rodeo gold-silver mine in Durango, Mexico. The final assay results indicate significant high-grade mineralization, with notable intervals such as 28m at 2.0 g/t Au and 18 g/t Ag and 20m at 8.2 g/t Au and 23 g/t Ag. A total of 47 RC and 35 diamond drill holes were completed, focusing on resource expansion and near-mine exploration targets. CEO Warren Rehn expressed optimism about extending high-grade mineralization and updating resource models accordingly.
Golden Minerals Company (AUMN) reported its financial results for Q3 2021, revealing revenue of $8.5 million and a net operating margin of $4.2 million from its Rodeo gold-silver mine in Mexico. This marks a significant increase from $2.1 million revenue and $1.6 million margin in Q3 2020. The company produced 4,777 gold ounces and 12,196 silver ounces, with cash costs per gold ounce at $865.1. Golden anticipates a net operating margin of $11.0 to $12.0 million over the next 12 months and is actively exploring resource expansion opportunities.
Golden Minerals has announced positive assay results from 25 reverse circulation drill holes at its Rodeo gold-silver mine in Durango State, Mexico. The company drilled 47 holes totaling 3,187m, enhancing resource expansion and exploration. Noteworthy results include RRC_021_018 with 18m grading 2.3 g/t Au and 5 g/t Ag. Results indicate the potential for additional profitable tonnage near the current pit. CEO Warren Rehn highlighted the strong prospects for expanding known gold zones, suggesting promising future operations and enhanced profitability at current gold prices.
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