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Golden Minerals Co

Golden Minerals Co (AUMN)

0.3358
-0.034
(-9.19%)
Cerrado 02 Noviembre 2:00PM
0.36
0.0242
(7.21%)
Fuera de horario: 4:07PM

Su centro para precios en tiempo real, ideas y debates en vivo

Estadísticas y detalles clave

Último Precio
0.36
Postura de Compra
-
Postura de Venta
-
Volume Operado de la Acción
188,697
0.32 Rango del Día 0.3644
0.2125 Rango de 52 semanas 0.989
Capitalización de Mercado [m]
Precio Anterior
0.3698
Precio de Apertura
0.361
Última hora de negociación
Volumen financiero
US$ 66,597
Precio Promedio Ponderado
0.352932
Volumen promedio (3 m)
214,087
Acciones en circulación
15,035,048
Rendimiento del Dividendo
-
Ratio Precio/Utilidad
-0.52
Beneficio por acción (BPA)
-0.61
turnover
14.32M
Beneficio neto
-9.23M

Acerca de Golden Minerals Co

Golden Minerals is a Colorado-based gold-silver producer with one mine in production and a pipeline of precious metals exploration and development projects in Mexico Argentina and Nevada. The company has 43-101-defined resources totaling over 80M M&I AgEq oz plus over 40M Inferred AgEq oz. The compa... Golden Minerals is a Colorado-based gold-silver producer with one mine in production and a pipeline of precious metals exploration and development projects in Mexico Argentina and Nevada. The company has 43-101-defined resources totaling over 80M M&I AgEq oz plus over 40M Inferred AgEq oz. The company seeks to achieve long-term sustainable profitable gold-silver production; first via the Rodeo mine which started gold-silver production in January 2021 and longer term via the high-grade gold-silver Velardea Properties which could restart production in late 2021 or 2022 subject to board approval and completion of further testing. Mostrar más

Sector
Gold Ores
Industria
Gold Ores
Sede
Wilmington, Delaware, USA
Fundado
-
Golden Minerals Co is listed in the Gold Ores sector of the American Stock Exchange with ticker AUMN. The last closing price for Golden Minerals was US$0.37. Over the last year, Golden Minerals shares have traded in a share price range of US$ 0.2125 to US$ 0.989.

Golden Minerals currently has 15,035,048 shares in issue. The market capitalisation of Golden Minerals is US$5.56 million. Golden Minerals has a price to earnings ratio (PE ratio) of -0.52.

AUMN Últimas noticias

Golden Minerals Signs Binding Agreement to Sell Yoquivo Gold-Silver Project

Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) today announced it has signed a binding agreement (the “Agreement”) to sell its Yoquivo...

Golden Minerals Announces Completion of Sale of its El Quevar Silver Project and Provides Corporate Update

Golden Minerals Company (“Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) today announced the completion of the previously-announced sale of Silex Argentina S.A., its wholly-owned...

Golden Minerals Signs Definitive Agreement to Sell Its El Quevar Silver Project

Golden Minerals Company (“Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) announces that further to its press release dated September 3, 2024, it has entered into a definitive agreement...

Período †Variación(Ptos)Variación %AperturaPrecio MáximoPrecio MínimoAvg. Vol. diarioPrecio Promedio Ponderado
1-0.02-5.263157894740.380.38420.32011824730.36962701CS
40.0724.13793103450.290.410.252200390.33908565CS
12-0.0284-7.312049433570.38840.430.21252140870.30189141CS
26-0.1315-26.75483214650.49150.610.21251666640.36852788CS
52-0.59-62.10526315790.950.9890.21252766930.4818928CS
156-10.9075-96.804970046611.267515.70.21254631696.0802088CS
260-5.14-93.45454545455.532.50.212576943611.16903134CS

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AUMN Discussion

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Ronin Ronin 7 meses hace
Once they announce financing, this should really jump up. Only 14M in float
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SilentWolf SilentWolf 8 meses hace
Shifty, I haven't been in this for years, but like you, I did make some money on it in the past. They don't seem to have any real revenue generating mines at this point. Their abandoned mines won't fetch much of a price, since they appear used up. Also, they talk about no debt, but they have millions in liabilities. With very little cash, you will likely need dilution (with few shares left to sell), or some other type of financing, to keep the lights on. I wish you the best, but to me, it looks dark for this company.
👍️0
shifty50 shifty50 8 meses hace
Today I bought some liberty gold and AUMN. I did make a ton on this stock in 2007. I didn’t buy a lot of golden minerals but I thought I would buy some
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shifty50 shifty50 8 meses hace
Today I bought some liberty gold and AUMN. I did make a ton on this stock in 2007. I didn’t buy a lot of golden minerals but I thought I would buy some
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SilentWolf SilentWolf 1 año hace
They reverse split the stock on June 9th, in order to maintain share price compliance with NYSE AM. On June 6th they received a notice they were also out of compliance with shareholder equity and 5 straight years of net losses.

I don't see how they can square the new compliance issues with NYSE. It looks like they hurt shareholders with RS, only to eventually end up on the OTC anyway.

Could they have cancelled the split knowing this before the 9th, or were they bound to the split?
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Lowjack Lowjack 1 año hace
Banks are the source of all funds, Uber cosigners borrow money to relend!
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jsc52033 jsc52033 1 año hace
thanks I didn't know there were option on AUMN
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Lowjack Lowjack 1 año hace
Usually the same group that has a large short position to cover! Warrants are usually in play on jr. miners. It's a lot tougher to short when the price is below margin requirements, and the warrants are like a call option in case the short gets away from them.
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jsc52033 jsc52033 1 año hace
most of the miners I hold have div's one pays .04 per sahre every month.
This one was one I had followed for years. But not a great part of my portfollio.
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jsc52033 jsc52033 1 año hace
but don't they usually do the share sale to a group and at a discount plus additional items such as bonds? Not through a bank
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jsc52033 jsc52033 1 año hace
but don't they usually do the share sale to a group and at a discount plus additional items such as bonds?
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SilentWolf SilentWolf 1 año hace
No I didn't buy in, I've traded the stock in the past, so I have it on my watchlist. When I saw their cash dilemma, I did an about face quick. I got burned badly on Panther, and wasn't looking to lose more money on a mining stock.
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Lowjack Lowjack 1 año hace
Still have an $0.80c measured move to the downside to work out! New funding is almost impossible with Banks on the verge of BK themselves! You need companies to make money, not to spend every damn dime to avoid taxes!

Bring that tax rate down under 5% so we can actually have an economy that makes a profit! We need the Money velocity to be an order of magnitude higher!
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jsc52033 jsc52033 1 año hace
yes thats what I'v been seeing
I baled out of 90% of what I had a couple weeks ago and 50% of the rest of what I was holding today. It could go a little higher but IMO is going sub penny
but you must have been in it when you posted.
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SilentWolf SilentWolf 1 año hace
J, I'm not in the stock, and I never give buy or sell recommendations. Having said that, and after going through the Great Panther debacle; these small miners all struggle with turning a profit, regardless of the metal prices. It seems to me, they just reverse split and dilute, so they can keep drawing a paycheck, for as long as possible.

Maybe they can find a private placement at or near the split price, but even if they do, it is unlikely to hold up long. Just my opinion.

Good luck to you and others.
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jsc52033 jsc52033 1 año hace
ok so now they are doing a RS which mens they willl then do a shre sale. Question is at what price $2 $3 $ 4 or $5 if the RS happens with Sp at .15 that is $3.75 So they get the SP up for the sale but will it dank big time first?

They do hold some great properties, but POG must et much higher for them to make it work.
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jsc52033 jsc52033 1 año hace
OK so they are doing a RS which menas they will be selling shares after the RS
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jsc52033 jsc52033 1 año hace
yes its a shame as they have some very good properties.
I wonder if a larger miner will step in and buy them
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Lowjack Lowjack 1 año hace
They be in deep shit! Subpenny bound!

If they don't get funding in the next few weeks they will be BK!
https://ih.advfn.com/stock-market/AMEX/golden-minerals-AUMN/stock-news/91013796/quarterly-report-10-q
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jsc52033 jsc52033 1 año hace
is the drop over or is this bounce going up going to get the shorts to cover before the next leg down. IMO AUMN will have to do RS and private offering. Under the circumstances I doubt they have borrowing power. they have stuff in the ground but need fund to gre it out
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jsc52033 jsc52033 1 año hace
and now it is looking like this has a sever cash short fall
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jsc52033 jsc52033 1 año hace
and now it is looking like this has a sever cash short fall
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jsc52033 jsc52033 2 años hace
that last PR sure makes this look promisisng again won't have to do a share sale.
They are selling the product to a new buyer.
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jsc52033 jsc52033 2 años hace
thanks however should POG continue to rebound and stay above 1900 their cash position could change jmo
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SilentWolf SilentWolf 2 años hace
In the full year 2022 earnings press release.

On February 28, 2023, the Company’s aggregate cash and cash equivalents totaled approximately $1.8 million. In the absence of sufficient asset sales, equity financing or other external funding, the Company’s cash balance is expected to be depleted in the second quarter of 2023.

They put it several paragraphs down in their financial outlook section.
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jsc52033 jsc52033 2 años hace
wwow where did you see that?
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jsc52033 jsc52033 2 años hace
wwow where did you see that?
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SilentWolf SilentWolf 2 años hace
They announced they will be out of money in the second quarter, and will need to raise capital to continue operations. That will send you down every time.
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jsc52033 jsc52033 2 años hace
wow what happened what was the news that cause a 17% drop?
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makinezmoney makinezmoney 2 años hace
$AUMN: Great day for this GOld Miner...... now 0.26

Junior Goldies have quite a nice week.


Excpect more upside here


GO $AUMN
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Lowjack Lowjack 2 años hace
Doesn't matter, Government policies and labor make any new mine in Mexico uneconomical!
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Man6677 Man6677 2 años hace
Golden Minerals Discovers Multiple New Veins at Yoquivo Gold-Silver Project

Source: Business Wire
Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) is pleased to report results from the first nine holes drilled in a third drill program conducted at its Yoquivo gold-silver project in northwest Chihuahua state, Mexico. Highlights from the drilling include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220707005182/en/

Yoquivo completed drill holes and mapped veins. (Graphic: Business Wire)
Yoquivo completed drill holes and mapped veins. (Graphic: Business Wire)

2.2m @ 10.21 g/t Au and 138.8 g/t Ag
0.4m @ 30.80 g/t Au and 5260.0 g/t Ag
4.2m @ 0.16 g/t Au and 229.2 g/t Ag
80.1m @ 0.89 g/t Au and 64.5 g/t Ag
1.7m @ 0.13 g/t Au, 354.6 g/t Ag
The 2022 drill program commenced in May 2022 and 17 holes totaling 4,033m have been drilled to date. This drill program is designed to follow-up on high-grade intercepts reported from the Company’s 2021 drilling activity, as well as to drill several holes exploring other interesting vein systems on the property. 2021 drill program results were reported on January 27, 2022 [link], February 16, 2022 [link] and March 3, 2022 [link].

Significant results are summarized in the table below, with complete results available on the Company website.

Hole ID From (m) To (m) Interval (m) True Width (m) Au g/t Ag g/t
Target

YQ_022_001 No Significant results
YQ_022_002
49.3

50.3

1.0

0.8

1.82

297.0

Tajitos Vein
YQ_022_003
71.9

73.2

1.3

1.1

1.03

219.8

Tajitos Vein
YQ_022_004
154.9

155.2

0.3

0.3

0.59

131.0

Pertenencia Vein
YQ_022_004
163.4

163.7

0.3

0.2

0.91

112.0

Pertenencia Vein
YQ_022_005
9.0

10.3

1.3

1.1

0.09

214.0

SF Vein
YQ_022_005
232.5

233.3

0.8



0.69

180.3

SF_FW Vein # 1
YQ_022_006
6.6

10.8

4.2

3.7

0.16

229.2

SF Vein
YQ_022_006
199.0

200.3

1.3



0.55

189.0

SF_FW Vein # 1
YQ_022_007
69.1

70.8

1.7



2.09

10.0

New Vein
including

70.6

70.8

0.2



16.90

57.2

New Vein
YQ_022_008
47.2

47.9

0.8

0.6

0.20

128.0

San Francisco HW # 1
YQ_022_008
141.5

141.9

0.4

0.3

30.80

5260.0

San Francisco HW # 2
YQ_022_008
153.2

157.3

4.1

3.3

0.44

103.1

San Francisco HW # 3
YQ_022_009
128.7

130.4

1.7

1.4

0.13

354.6

Pertenencia Vein
including

128.7

129.0

0.3

0.2

0.51

1735.0

Pertenencia Vein
YQ_022_009
225.9

306.0

80.1



0.89

64.5

Vein Stockwork Zone
including

231.9

237.4

5.5

4.7

0.67

130.7

Pert FW Vein
including

281.3

290.7

9.5

8.2

3.93

120.0

Camila Vein
which also includes

284.6

286.8

2.2

2.0

10.21

138.8

Camila Vein
Drill hole collar location table:

Hole ID
Easting

Northing

Elevation (m)

Azimuth

Inclination

Length (m)

YQ_022_001
791250

3104845

1996

260

-45

180

YQ_022_002
791250

3104845

1996

232

-45

180

YQ_022_003
791300

3104848

2001

265

-46

261

YQ_022_004
791350

3104825

2007

259

-45

265

YQ_022_005
790538

3105230

2214

278

-46

261

YQ_022_006
790537

3105231

2214

318

-45

175

YQ_022_007
790641

3105023

2116

53

-44

162

YQ_022_008
790681

3105026

2122

118

-45

306

YQ_022_009
791422

3105230

2115

296

-46

143

Coordinates are in WGS84 datum, zone 12N

“This most recent drilling has focused on testing the Pertenencia vein system to extend the known mineralized strike length into previously untested areas. The Pertenencia vein has continued to return strong gold-silver grades, and the vein remains open to depth and to the north. The discovery of multiple, previously unknown, high-grade gold-silver structures, particularly the Camila vein, demonstrates that there is also significant potential at Yoquivo to discover additional high-grade structures on the property. The current drill program is expected to allow us to report an initial gold-silver resource on the property later this year,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals.

About Yoquivo

Golden owns six concessions and holds an option to purchase one additional concession that comprise the Yoquivo property, totaling 1,974.8 hectares located in western Chihuahua State in northern Mexico. The remaining concession can be purchased for payments totaling $0.2 million over four years. The six concessions already owned by Golden are subject to a 2% net smelter return royalty on production capped at $3 million.

Review by Qualified Person and Quality Control

The technical contents of this press release have been reviewed by Matthew Booth, a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 18 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates, and reference standards in each batch of samples.

Quality Assurance / Quality Control

Diamond drilling was conducted by Eco Drilling México S. de R.L. de C.V with a Coretech CSD 1300G rig. Drill holes were drilled to depths ranging from 143m to 306m and were drilled at azimuths of 53° to 318° and a dip ranging from -45° to -75°. No water was encountered during drilling. Holes were positioned with a hand-held GPS (accuracy +/- 5 meters) and later surveyed with a Differential GPS once the drilling campaign was completed.

Samples of the core were obtained using a diamond saw to cut the core in half, retaining one half for a permanent core record, and the other sent for analysis.

Drill-core samples were shipped to ALS Chemex sample preparation facility in Chihuahua, Chihuahua, Mexico for sample preparation and for analysis at the ALS laboratory in North Vancouver, British Columbia, Canada. The ALS Chihuahua and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. ALS Global in North Vancouver is a facility certified as ISO 9001:2008 and accredited to ISO/IEC 17025:2005 from the Standards Council of Canada.

Samples were crushed to 70% passing 2mm (PREP-31) with a split of up to 250 grams pulverized to 85% passing 75 micrometers (-200 mesh). The sample pulps and crushed splits were transferred internally to ALS Global’s North Vancouver analytical facility for gold and multi-element analysis. Pulps (30 gram split) are submitted for Au analysis by fire assay with atomic absorption finish (Au-AA23) and silver samples were analyzed by atomic absorption (Ag-AA45).

Over-limit Au (>10.0 g/t Au) and Ag (>1500 g/t Ag) samples are analyzed by fire assay with gravimetric finish (Au-GRA22 and Ag-GRA21). Over-limit base metal samples (>10,000 ppm or 1%) are re-analyzed inductively coupled plasma atomic emission spectrometry using protocols for higher grade results (ICP-AES) for Cu, Pb and Zn (Cu-OG62, Pb-OG62, Zn-OG62).

In-house quality control samples (blanks, standards, duplicates, preparation duplicates) were inserted into the sample set by Golden Minerals. ALS Global conducts its own internal QA/QC program of blanks, standards and duplicates, and the results were provided with the Company sample certificates. The results of the ALS control samples were reviewed by Golden Minerals and the Company’s QP and evaluated for acceptable tolerances.

All sample and pulp rejects are stored at the Company’s secure warehouse in Velardeña, Durango pending full review of the analytical data, and future selection of pulps for independent third-party check analyses, if required.

About Golden Minerals

Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding the potential discovery of additional high-grade structures on the Yoquivo property and the expectation regarding release of an initial gold-silver resource on the property later this year. These statements are subject to risks and uncertainties, including changes in interpretations of geological, geostatistical, metallurgical, mining or processing information, and interpretations of the information resulting from exploration, analysis or mining and processing experience. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.

For additional information please visit http://www.goldenminerals.com/.


View source version on businesswire.com: https://www.businesswire.com/news/home/20220707005182/en/

Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060

AUMN $$$$
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Man6677 Man6677 2 años hace
Very nice AUMN $$$$
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Man6677 Man6677 2 años hace
Nice Friday !

AUMN $$$$$
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Man6677 Man6677 2 años hace
AUMN is climbing slowly but sure !

AUMN $$$$
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Man6677 Man6677 2 años hace
Nice

AUMN $$$$$
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Man6677 Man6677 2 años hace
Good plan , I will buy more also !
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jsc52033 jsc52033 2 años hace
Now I wish it would stay around here as in the next 3-4 weeks I am gettng a lot of $$'s and would love to get more of this.
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Man6677 Man6677 2 años hace
It‘s going up slowly but sure

AUMN $$$$
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Man6677 Man6677 2 años hace
Nice today

AUMN $$$$
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Man6677 Man6677 2 años hace
Yes , time to go up slowly but sure

AUMN $$$$
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jsc52033 jsc52033 2 años hace
good to see that it may have bottomed
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Man6677 Man6677 2 años hace
Nice today

AUMN $$$$
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jsc52033 jsc52033 2 años hace
thanks eom
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Man6677 Man6677 2 años hace

Fundamental Research Keeps a Buy Rating on Golden Minerals Co (AUMN)

Source: TipRanks
In a report issued on March 31, Siddharth Rajeev from Fundamental Research reiterated a Buy rating on Golden Minerals Co (AUMN – Research Report), with a price target of $0.93. The company's shares closed last Friday at $0.37, close to its 52-week low of $0.31. According to TipRanks.com, Rajeev is a 1-star analyst with an average return of -0.9% and a 33.4% success rate. Rajeev covers the Basic Materials sector, focusing on stocks such as Voyageur Pharmaceuticals, Silver Dollar Resources, and Hot Chili Limited. Currently, the analyst consensus on Golden Minerals Co is a Moderate Buy with an average price target of $0.97, representing a 143.1% upside.
https://www.tipranks.com/news/blurbs/fundamental-research-keeps-a-buy-rating-on-golden-minerals-co-aumn?utm_source=advfn.com&utm_medium=referral

AUMN $$$$$
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Man6677 Man6677 2 años hace
I think so sure

GLTU ! GLTA !

AUMN $$$$
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jsc52033 jsc52033 2 años hace
with these numbersthe SP should be going up as the P of G is also rising jmo
I added more today
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Man6677 Man6677 2 años hace
Golden Minerals Reports First Quarter 2022 Results

Source: Business Wire
Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) today provided financial results and a business summary for the quarter ending March 31, 2022.

First Quarter Financial Results – Highlights

(All currency expressed in approximate USD)

Revenue of $7.5 million yielding a net operating margin of $3.2 million in the first quarter 2022, vs. $1.8 million revenue and a net operating margin of $0.2 million in the first quarter 2021, both from mining operations at the Company’s Rodeo gold-silver mine in Mexico.
$11.7 million cash and cash equivalents balance as of March 31, 2022, compared to $12.2 million as of December 31, 2021.
Net loss of $0.00 per share or $0.3 million in the first quarter 2022, compared to a net loss of $0.02 per share or $3.2 million in the first quarter 2021.
First Quarter Business Summary

Produced 3,608 payable gold ounces and 13,944 payable silver ounces (3,787 gold equivalent (“AuEq”) ounces) with total cash costs, net of silver by-product credits, per payable ounce of gold of $1,164.1
Sold 4,040 AuEq oz. in doré, at average prices (before selling and refining costs) of $1,888/oz Au and $24.24/oz Ag. Doré inventory at March 31, 2022 consists of 375 payable oz. Au and 1,379 payable oz. Ag.
Reported grades processed of 3.1 grams per tonne (“g/t”) gold and 11.6 g/t silver during the quarter.
Processed at an average rate of 527 tonnes per day (“tpd”) during the quarter.
Continued limited scale test mining activities at Velardeña for use in final optimization of a bio-oxidation plant design and for use in additional flotation separation studies; also testing mining methods to determine whether the Company is able to control mining dilution. Results are expected in the next few months, after which time the Company anticipates making a decision on constructing the BIOX plant and restarting the operation.
1 Gold equivalents are based on actual gold and silver prices realized during the first quarter 2022: $1,888/oz Au and $24.24/oz Ag.

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “Rodeo continues to operate according to plan providing cash flow for our exploration and development projects at Yoquivo, Sarita Este, and of course, Velardeña. We are on track to recommend a start-up plan for Velardeña within the next few months. I am very pleased with our progress establishing Golden Minerals as a sustainable gold and silver producer.”

Quarterly Conference Call and Webcast

Management will be hosting a conference call and webcast on Wednesday, May 11, 2022 at 11:00 a.m. Eastern Daylight Time (“EDT”) to discuss first quarter 2022 financial results and recent project updates. You are invited to join the webcast at Golden Minerals Q1 2022 Earnings Call. Please plan to join 10 minutes prior to the start time.

The webcast will also be available for replay on the Golden Minerals website at http://www.goldenminerals.com after May 11, 2022.

First Quarter 2022 Financial Results

The Company reported revenue of $7.5 million from doré sales, $4.3 million costs of metals sold and $3.2 million in net operating margin in the first quarter 2022, all related to gold-silver production at the Rodeo mine. Exploration expenditures were $1.7 million during the quarter and included a 2,500-meter RC drill program at Rodeo that finished delineating the mineralized area on the south side of the current pit, as well as other general exploration and holding costs related to the Company’s portfolio of exploration projects. Velardeña care and maintenance expenses were $0.5 million in the quarter and include costs related to test mining in advance of a production decision. El Quevar project expense was $0.1 million and includes costs of exploration and evaluation activities, care and maintenance, and property holding costs, net of reimbursements from Barrick Gold under the terms of an Earn-In Agreement. Administrative expenses totaled $1.3 million and include costs associated with being a public company that are incurred primarily by the Company’s corporate activities in support of the Rodeo Property, the Velardeña Properties, the Yoquivo project and the balance of the Company’s exploration portfolio. The Company recorded a net loss of $0.3 million or $0.00 per share.

Twelve Month Financial Outlook

The Company ended the first quarter 2022 with a cash balance of $11.7 million and anticipates receiving approximately $7.0 to $9.0 million in net operating margin (defined as revenue from the sale of metals less costs of metals sold) from the Rodeo operation during the 12 months ending March 31, 2023, assuming average gold and silver prices during that period of $1,800 and $25.00 oz, respectively. The Company is also scheduled to receive the final installment of $2.0 million due from Fabled Silver Gold Corp. in December 2022 under the terms of an agreement for the sale of the Company’s Santa Maria project.

The Company’s currently forecasted expenditures during the 12 months ending March 31, 2023, apart from Rodeo costs of metals sold which are included in the net operating margin forecast, total approximately $10.0 million as follows:

$4.3 million on exploration activities and property holding costs associated with the Company’s portfolio of exploration properties located in Mexico, Argentina and Nevada, including project assessment and evaluation costs relating to additional exploration at Rodeo, Yoquivo and other properties;
$1.1 million at the Velardeña Properties for care and maintenance;
$0.4 million at the El Quevar project to fund care and maintenance and property holding costs, net of reimbursement from Barrick;
$3.7 million in general and administrative costs; and
$0.5 million due to an increase in working capital.
Additional information regarding first quarter 2022 financial results can be found in the Company’s 10-Q Quarterly Report which is available on the Golden Minerals website at www.goldenminerals.com.

About Golden Minerals

Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS

(US Dollars, unaudited)


December 31,
March 31,
2021

2022

(Restated)
(in thousands, except share data)
Assets
Current assets
Cash and cash equivalents $
11,730



$
12,229



Short-term investments
91




67



Inventories, net
1,963




1,608



Value added tax receivable, net
1,475




1,290



Prepaid expenses and other assets
1,122




1,145



Total current assets
16,381




16,339



Property, plant and equipment, net
6,563




6,627



Other long-term assets
693




747



Total assets $
23,637



$
23,713




Liabilities and Equity
Current liabilities
Accounts payable and other accrued liabilities $
4,337



$
3,509



Deferred revenue
1,094




1,469



Other current liabilities
625




721



Total current liabilities
6,056




5,699



Asset retirement and reclamation liabilities
3,639




3,569



Other long-term liabilities
246




353



Total liabilities
9,941




9,621




Commitments and contingencies

Equity
Common stock, $.01 par value, 350,000,000 shares authorized; 163,927,992 and 162,804,612 shares issued and outstanding respectively
1,639




1,628



Additional paid in capital
540,427




540,518



Accumulated deficit
(528,370

)


(528,054

)

Shareholders' equity
13,696




14,092



Total liabilities and equity $
23,637



$
23,713




CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(US dollars, unaudited)


Quarter Ended March 31,
2022


2021

(in thousands, except per share data)
Revenue:
Sale of metals $
7,506



$
1,778



Total revenue
7,506




1,778



Costs and expenses:
Cost of metals sold (exclusive of depreciation shown below)
(4,322

)


(1,536

)

Exploration expense
(1,666

)


(781

)

El Quevar project expense
(117

)


(106

)

Velardeña care and maintenance costs
(536

)


(199

)

Administrative expense
(1,272

)


(1,548

)

Stock based compensation
(150

)


(429

)

Reclamation expense
(69

)


(66

)

Other operating income (expense), net
388




199



Depreciation and amortization
(65

)


(155

)

Total costs and expenses
(7,809

)


(4,621

)

Loss from operations
(303

)


(2,843

)

Other income (expense):
Interest and other expense, net
(3

)


(360

)

Other income
25




52



Gain (loss) on foreign currency transactions
50




(79

)

Total other income (loss)
72




(387

)

Loss from operations before income taxes
(231

)


(3,230

)

Income taxes
(85

)


52



Net Loss $
(316

)

$
(3,178

)

Net income (loss) per common share — basic
Loss $
(0.00

)

$
(0.02

)

Weighted average Common Stock outstanding — basic (1)
162,511,278




160,442,137



Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding the results of limited scale test mining activities at Velardeña; the decision to construct the BIOX plant and restart the Velardeña operation; anticipated net operating margin from the Rodeo operation during the 12 months ending March 31, 2023; the receipt of expected final installment due to Golden Minerals from Fabled Silver Gold Corp.; and forecasted expenditures during the 12 months ending March 31, 2023. These statements are subject to risks and uncertainties, including the overall impact of the COVID-19 pandemic, including the potential future re-suspension of non-essential activities in Mexico, including mining; lower than anticipated revenue or higher than anticipated costs at the Rodeo mine, and mine testing activities at Velardeña; declines in general economic conditions; changes in political conditions, in tax, royalty, environmental and other laws in the United States, Mexico or Argentina and other market conditions; and fluctuations in silver and gold prices. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.

For additional information please visit http://www.goldenminerals.com/.


View source version on businesswire.com: https://www.businesswire.com/news/home/20220510005543/en/

Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
GLTA !

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Golden Minerals Files Updated PEAs for Velardeña and Rodeo Projects

Source: Business Wire
Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American: AUMN and TSX: AUMN) announced today that it has filed updated Preliminary Economic Assessments for its Velardeña Properties and Rodeo Project. The technical reports are available for review on SEDAR (www.sedar.com) and on the Company’s website at https://www.goldenminerals.com/projects/technical-reports/.

Qualified Persons

The reports were prepared by the following Qualified Persons as defined by NI 43-101:

Dr. Guillermo Dante Ramírez-Rodríguez, PhD, MMSAQP- Tetra Tech
Mr. Randolph P. Schneider, MMSAQP – Tetra Tech
Ms. Kira Lyn Johnson, MMSAQP – Tetra Tech
The contents of this press release have been reviewed and approved by Mr. Warren Rehn, QP MMSA, President and Chief Executive Officer of Golden Minerals Company.

About Golden Minerals

Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

Follow us at www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals.

For additional information please visit http://www.goldenminerals.com/.


View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005396/en/

Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
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