Aankondiging • May 04
Golden Minerals Company, Annual General Meeting, Jun 12, 2026 Golden Minerals Company, Annual General Meeting, Jun 12, 2026. Location: embassy suites by hilton denver international, airport room mount evans, 7001 yampa street, colorado 80249, denver United States Aankondiging • Apr 02
Golden Minerals Company announced delayed annual 10-K filing On 04/01/2026, Golden Minerals Company announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • May 30
Golden Minerals Company Appoints Anil Jiwani as Chief Financial Officer, Effective June 1, 2025 On May 27, 2025, the Board of Directors of Golden Minerals Company appointed Anil Jiwani to serve as the Company’s Chief Financial Officer, effective as of June 1, 2025. Mr. Jiwani, 45, is an experienced financial executive with over 20 years of experience in accounting, corporate finance, and public company reporting, primarily in the mining and resource exploration sector. Mr. Jiwani will continue to serve as Chief Financial Officer of Perseverance Metals Inc. (since May 2024) and Chief Financial Officer and a director of Inomin Mines Inc. (since January 2022). He has previously served as Chief Financial Officer for several companies, including KORE Mining Ltd. and Karus Gold Corp. Mr. Jiwani began his career as an audit manager at PwC LLP and is a Chartered Professional Accountant in British Columbia. He holds a bachelor’s degree in accounting and information technology from the University of Texas at Dallas. Mr. Jiwani will also continue to serve as Chief Operating Officer and as a director of Avisar Everyday Solutions Ltd., of which he is a principal shareholder, positions he has held since May 2019. Aankondiging • May 14
Golden Minerals Company announced delayed 10-Q filing On 05/13/2025, Golden Minerals Company announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Apr 18
Golden Minerals Company, Annual General Meeting, May 27, 2025 Golden Minerals Company, Annual General Meeting, May 27, 2025. Location: lakeway resort & spa, suite pecos, texas 78734, texas 78734 United States Aankondiging • Apr 02
An undisclosed Mexican company acquired Minera de Cordilleras, S. De R.L. de C.V. from Golden Minerals Company (OTCPK:AUMN) for $0.60 million. An undisclosed Mexican company signed an agreement to acquire Minera de Cordilleras, S. De R.L. de C.V. from Golden Minerals Company (OTCPK:AUMN) for $0.60 million on April 1, 2025. A cash consideration of $0.6 million will be paid by the buyer. As part of consideration, $0.6 million is paid towards common equity of Minera de Cordilleras, S. De R.L. de C.V. Upon consummation of the transaction, Minera de Cordilleras held net operating losses, inflation-adjusted capital contributions and five mining concessions in Mexico that had minimal value to Golden Minerals. Under Mexican law, the balance of Minera Cordilleras’ capital contribution accounts (“CUCAs”) may be bought and sold. All funds related to the sale of the CUCAs have been received by Golden Minerals.
An undisclosed Mexican company completed the acquisition of Minera de Cordilleras, S. De R.L. de C.V. from Golden Minerals Company (OTCPK:AUMN) on April 1, 2025. Aankondiging • Apr 01
Golden Minerals Company announced delayed annual 10-K filing On 03/31/2025, Golden Minerals Company announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Dec 19
Golden Minerals Company(OTCPK:AUMN) dropped from S&P TMI Index Golden Minerals Company(OTCPK:AUMN) dropped from S&P TMI Index Aankondiging • Dec 12
Golden Minerals Company Provides Non-Compliance Update On December 6, 2024, Golden Minerals Company (the Company") received notification from the NYSE American LLC (the NYSE American" or the Exchange") that the Exchange determined to commence proceedings to suspend and delist the Company's common stock as a result of its determination that the Company is no longer suitable for listing due to its non-compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide, which require the Company to report stockholders' equity of $6.0 million or more if the Company has reported losses from continuing operations and/or net losses in its five most recent fiscal years, as previously reported. The Company anticipates that the Common Stock will begin trading on the OTC Pink Market under the symbol AUMN" at the open of business on December 16, 2024. Shareholders do not need to take any action in connection with this transition. The Company's stock will continue to be traded first on the NYSE American and immediately thereafter on the OTC Pink Market, and investors should be able to trade shares through their existing brokerage accounts. The Company is in the process of applying for quotation of its common stock on the OTCQB Venture Market. The transition of the Company's common stock to the OTC Markets will have no effect on the Company's business or operations or its listing on the Toronto Stock Exchange, where it trades under ticker symbol AUMN." The Company expects to continue to maintain compliance with the reporting requirements of the Securities Act of 1934, as amended (the Securities Act"), including the filing of periodic reports with the SEC under applicable federal securities laws. Aankondiging • Nov 17
Golden Minerals Company announced delayed 10-Q filing On 11/15/2024, Golden Minerals Company announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Aug 15
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$2.0m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$10m free cash flow). Negative equity (-US$2.0m). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Market cap is less than US$10m (CA$7.54m market cap, or US$5.50m). Minor Risk Revenue is less than US$5m (US$2.8m revenue). Reported Earnings • Aug 15
First half 2024 earnings released: US$0.25 loss per share (vs US$0.62 loss in 1H 2023) First half 2024 results: US$0.25 loss per share (improved from US$0.62 loss in 1H 2023). Net loss: US$3.65m (loss narrowed 15% from 1H 2023). Revenue is expected to decline by 171% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%. Aankondiging • Jul 10
Golden Minerals Company Receives Continued Listing Standard Notice from NYSE American Golden Minerals Company (the ‘Company’) announced that on July 2, 2024, the Company was notified by the NYSE American LLC (the ‘NYSE American’) that it was not in compliance with three of the NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide (the ‘Company Guide’). Specifically, the Company is not in compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the Company Guide since it reported stockholders’ equity of $0.6 million as of March 31, 2024 and losses from continuing operations and/or net losses in its five most recent fiscal years. The Company was previously notified on June 9, 2023 that it was not in compliance with Section 1003(a)(iii). On July 6, 2023, the Company submitted a plan to achieve compliance by December 6, 2024. On August 22, 2023, the NYSE Regulation staff accepted the plan and granted a plan period through December 6, 2024. The notification from the NYSE American has no immediate effect on the Company’s common stock or its business operations. The Company’s common stock will continue to be listed on the NYSE American under the symbol ‘AUMN’ while it regains compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the Company Guide, subject to the Company’s compliance with other continued listing requirements. Aankondiging • Mar 05
Golden Minerals Announces Passing of Director W. Durand Eppler Golden Minerals Company announced with deep sadness that W. Durand “Randy” Eppler, a member of the Company’s Board of Directors, passed away on February 27, 2024. Mr. Eppler was appointed to Golden Minerals’ Board in 2009 and served as a member of the Audit Committee and the Corporate Governance and Nominating Committee. With a successful career spanning over 40 years in the natural resources industry, Mr. Eppler most recently worked as Managing Director of Capstone Headwaters MB, a private, middle market investment banking institution. Earlier in his career, he worked for Newmont Mining, Newmont Capital and Chemical Bank. Aankondiging • Feb 05
Golden Minerals Company has filed a Follow-on Equity Offering in the amount of AUD 8 million. Golden Minerals Company has filed a Follow-on Equity Offering in the amount of AUD 8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 59,259,260
Price\Range: AUD 0.135
Transaction Features: Subsequent Direct Listing Aankondiging • Feb 03
Golden Minerals Company, Annual General Meeting, Apr 30, 2024 Golden Minerals Company, Annual General Meeting, Apr 30, 2024. Location: 350 Indiana St., 1st Floor Conference Center Golden United States Aankondiging • Jan 23
Golden Minerals Company Begins Silver-Gold Mining Operations at its Velardeña Properties, Located in Durango State, Mexico Golden Minerals Company announced that on December 18, 2023, it began silver-gold mining operations at its Velardeña Properties, located in Durango State, Mexico. The Company has begun mining in six stopes and is steadily ramping up daily production to reach a rate of approximately 150 tonnes per day (tpd) in March, and ultimately a full production rate of approximately 325 tpd in the second quarter. The restart of mining operations follows the Company’s announcement in November 2023 that it had also begun producing gold-rich pyrite flotation concentrates from Velardeña. The concentrates come from material that has been stockpiled at the Velardeña Properties since the fourth quarter of 2015, when the mines were last operational. At that point, mining activities were suspended when a combination of low metals prices, mining dilution and metallurgical challenges rendered operations unprofitable. The Company elected to preserve the asset for future use, and since that time has evaluated a number of mining methods and processing alternatives that could enable sustainable profitable operations. The December 2023 restart of mining represents the culmination of that work. The Company anticipates continuing to produce the pyrite concentrates until such time that mine production can sustain continuous operation of the flotation plant to produce the three concentrates, lead-silver, zinc, and pyrite-gold from newly mined material. Aankondiging • Dec 07
Transformaciones y Servicios Metalurgicos S.A. De C.V. acquired Santa Maria mining claims located in Chihuahua, Mexico from Golden Minerals Company (NYSEAM:AUMN) for $1.5 million. Transformaciones y Servicios Metalurgicos S.A. De C.V. acquired Santa Maria mining claims located in Chihuahua, Mexico from Golden Minerals Company (NYSEAM:AUMN) for $1.5 million on December 1, 2023. Upon closing, the Company has received (all figures in USD) $1.50 million plus $0.24 million in Value Added Tax (VAT). The Company is permitted to keep the VAT and use it to offset its current VAT receivable. In addition, sales terms include: TSM has granted Golden a 1.5% net smelter return royalty on the Santa Maria concession, capped at $1 million. TSM may purchase from Golden the right to receive the NSR royalty for $0.5 million at any time prior to TSM beginning commercial production at Santa Maria.
Transformaciones y Servicios Metalurgicos S.A. De C.V. completed the acquisition of Santa Maria mining claims located in Chihuahua, Mexico from Golden Minerals Company (NYSEAM:AUMN) on December 1, 2023. Aankondiging • Nov 22
Golden Minerals Company Begins Producing Gold-Bearing Pyrite Concentrate from its Velardeña Properties in Durango State, Mexico Golden Minerals Company announced that it has begun producing gold-bearing pyrite flotation concentrate from its Velardeña Properties in Durango State, Mexico. The Company is processing material that has been stockpiled at Velardeña since the mines last operated in 2015. The material was only partially processed during past operations and a gold and silver bearing pyrite concentrate has not previously been separated from the material. During periods of past operations, concentrate sales terms were uneconomic for the gold-bearing pyrite concentrate that comes from Velardeña. However, recent and notably more favorable market terms offered for these concentrates mean Velardeña's gold pyrite/arsenopyrite concentrates are now economic to process and sell. The Company began processing last week and estimates its first shipment of concentrates will take place this week. The Company plans to continue processing this previously stockpiled material until sufficient newly-mined material from Velardeña is available for processing at full capacity, which is anticipated to occur within the next several months. The Company plans to start mining at Velardeña in December 2023. The mining contractor is mobilizing now and will be on site the first week of December 2023. Reported Earnings • Nov 15
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: US$0.38 loss per share. Revenue: US$2.51m (down 52% from 3Q 2022). Net loss: US$3.18m (loss widened 18% from 3Q 2022). Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Aankondiging • Nov 10
Golden Minerals Company has completed a Follow-on Equity Offering. Golden Minerals Company has completed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,000,000
Price\Range: $0.7
Discount Per Security: $0.04
Security Name: Series A Warrants
Security Type: Equity Warrant
Securities Offered: 6,000,000
Security Name: Series B Warrants
Security Type: Equity Warrant
Securities Offered: 3,000,000 New Risk • Nov 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 118% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Market cap is less than US$10m (CA$10.8m market cap, or US$7.83m). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$5.7m net loss next year). New Risk • Oct 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$10m free cash flow). Market cap is less than US$10m (CA$9.71m market cap, or US$7.11m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.7m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Aankondiging • Aug 25
Golden Minerals Receives NYSE Acceptance of Plan to Regain Listing Compliance On August 23, 2023, Golden Minerals Company announced that the NYSE American (the ‘NYSE’) has accepted the Company’s business plan to regain compliance with the continued listing standards set forth in Section 1003(a)(iii) of the NYSE American Company Guide. As previously disclosed, on June 6, 2023, the Company received written notice from the NYSE that the Company was not in compliance with Section 1003(a)(iii) which requires a listed company to have stockholders’ equity of at least (US) $6 million when such issuer has sustained losses from continuing operations and/or net losses in its five most recent fiscal years. The Company reported stockholders’ equity of $4.1 million as of March 31, 2023 and $5.6 million as of June 30, 2023. On August 22, 2023, the NYSE accepted the Company’s plan to regain compliance and has granted to the Company a cure period of up to 18 months from the original notice of non-compliance, or until December 6, 2024. The listing of the Company’s common stock will continue pursuant to an extension during the plan period, during which time the Company will be subject to periodic review to determine whether it is making progress consistent with the accepted plan. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by December 6, 2024 could result in the Company’s shares of common stock being delisted from the NYSE American. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: US$0.21 loss per share (improved from US$0.43 loss in 2Q 2022). Revenue: US$4.97m (down 16% from 2Q 2022). Net loss: US$1.49m (loss narrowed 47% from 2Q 2022). Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 58%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. New Risk • Jul 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.68m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Market cap is less than US$10m (CA$12.8m market cap, or US$9.68m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.2m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Aankondiging • Jul 01
Golden Minerals Company has completed a Follow-on Equity Offering in the amount of $2.069937 million. Golden Minerals Company has completed a Follow-on Equity Offering in the amount of $2.069937 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 790,000
Price\Range: $1.45
Discount Per Security: $0.087
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 637,587
Price\Range: $1.4499
Discount Per Security: $0.087
Transaction Features: Registered Direct Offering Aankondiging • Jun 17
Golden Minerals Company Appoints Pablo Castaños as Executive Vice President, Effective July 1, 2023 Golden Minerals Company announced that Pablo Castaños will be joining the Company on July 1, 2023, serving in a newly-created role of executive vice president. Mr. Castaños brings to the Company more than 20 years of global and strategic leadership expertise, including twelve years in the mining industry, in positions focusing on strategic planning, finance, compliance, sustainability, government affairs and risk management. Since 2017, he has served as managing partner of Integra QRO Hold and Magnolia OneZero Investments, LLC, real estate development and construction companies located in Querétaro, Mexico and Austin, Texas, respectively. Between 2013 and 2016, he worked at Goldcorp Inc. (now Newmont Corporation) in Vancouver, British Columbia, Canada, initially serving as director of environmental compliance and subsequently serving as vice president of corporate social responsibility. From 2009 to 2013, he worked at Golden Minerals, serving as director of corporate affairs and later as vice president of corporate affairs. Between 2007 and 2009, he held the role of director of investor relations with Apex Silver Mines, and from 2004 to 2007 he served as corporate manager of Minera San Cristóbal, the largest silver, zinc and lead mine in Bolivia. Mr. Castaños attended a graduate program conducted jointly by the Massachusetts Institute of Technology (MIT) and Gabriela Mistral University in Santiago, Chile, where he earned a Master of Business Administration in finance, with honors. Aankondiging • Jun 12
Golden Minerals Receives Continued Listing Standard Notice from NYSE American On June 10, 2023, Golden Minerals Company announced that on June 6, 2023, the company was notified by the NYSE American LLC (the ‘NYSE American’) that it was not in compliance with one of NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide (the ‘Company Guide’). Specifically, the Company is not in compliance with Section 1003(a)(iii) of the Company Guide since it reported stockholders’ equity of less than $6.0 million as of March 31, 2023 and losses from continuing operations and/or net losses in its five most recent fiscal years. In order to maintain its listing on the NYSE American, the Company was asked to submit a plan of compliance no later than July 6, 2023 advising how the Company intends to regain compliance with Section 1003(a)(iii) of the Company Guide by December 6, 2024. The Company intends to prepare and timely submit its plan of compliance to the NYSE American. The notification from the NYSE American has no immediate effect on the Company’s common stock or its business operations. The Company’s common stock will continue to be listed on the NYSE American under the symbol ‘AUMN’ while it regains compliance with Section 1003(a)(iii) of the Company Guide, subject to the Company’s compliance with other continued listing requirements. Aankondiging • Jun 07
Golden Minerals Company Announces Restart of Silver and Gold Mining Operations At Velardena Golden Minerals Company announced that it plans to restart silver-gold mining operations at its Velardena Properties located in Durango State, Mexico, subject to the receipt of sufficient capital. Golden Minerals' board of directors has approved plans to restart mining operations at Velardena. The decision to begin operations again at Velardena was primarily based on vastly improved sales terms now available to company for the gold-rich pyrite concentrate that is produced from flotation processing of Velardena mineralized material, which permit to restart operations without the significant expense of the previously planned bio-oxidation facility. Since the start of 2023, the company successfully processed 3,000 tons of material mined in the test mining activities in 2022 and sold approximately 600 tons of these concentrates under the improved terms with net receipts of approximately $1.5 million or about $500 per ton of mined material. These recent sales augur well for the potential success of the restart plans. The company anticipates that the company can start mining operations with minimal initial capital of approximately $0.5 million. The company internally developed mine plan projects the production of approximately 0.4 million silver equivalent ounces1 during 2023, with the potential to ramp up to approximately 1.6 million silver equivalent ounces per year thereafter. The company have contracted for completion of an independent technical report, which company expect will support internal projections. The company intend to begin preparations to start mining immediately. company's internal mine plan calls for underground resue mining, starting with four active stopes initially with processing at Velardena's Plant I flotation facility at an initial throughput rate of approximately 80 tonnes per day ("tpd"). As underground devel opment progresses, the number of stopes is anticipated to steadily increase over a period of months until 15 to 18 stopes are ultimately in continuous production. The mill is expected to reach a steady-state processing rate of approximately 325 tpd by the end of the year. All required permits are already in place, and because Plant I has recently been in use and processing previously mined Velardeña sulfide material, after startup as development costs continue to exceed net revenue, the maximum cash outflows of about $2.3 million, inclusive of the initial $0.5 million, are predicted to be paid back within the first nine months of operations. Aankondiging • May 20
Golden Minerals Company Announces Resignation of John Galassini as Chief Operating Officer Golden Minerals Company announced on May 18, 2023, John Galassini, Chief Operating Officer of the company, notified the company of his resignation as an officer and employee of the company. Mr. Galassini’s resignation will be effective on May 31, 2023. Reported Earnings • May 11
First quarter 2023 earnings released: US$0.019 loss per share (vs US$0.002 loss in 1Q 2022) First quarter 2023 results: US$0.019 loss per share (further deteriorated from US$0.002 loss in 1Q 2022). Revenue: US$4.22m (down 44% from 1Q 2022). Net loss: US$3.27m (loss widened US$2.95m from 1Q 2022). Revenue is expected to decline by 24% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.06 loss per share (further deteriorated from US$0.013 loss in FY 2021). Revenue: US$23.3m (down 9.0% from FY 2021). Net loss: US$9.91m (loss widened 373% from FY 2021). Production and reserves: Gold Production: 11.982 troy koz (14.398 troy koz in FY 2021) Number of mines: 1 (1 in FY 2021) Silver Production: 52.179 troy koz (50.928 troy koz in FY 2021) Number of mines: 1 (1 in FY 2021) Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is expected to decline by 20% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Feb 09
Golden Minerals Company, Annual General Meeting, May 26, 2023 Golden Minerals Company, Annual General Meeting, May 26, 2023. Location: 350 Indiana St., 1st Floor Conference Center Golden Colorado United States Aankondiging • Feb 08
Golden Minerals Reports Continued Exploration Success At Yoquivo Gold-Silver Project, Mexico Golden Minerals Company reported results from the final 10 holes of the third drill program conducted at its Yoquivo gold-silver project in northwest Chihuahua state, Mexico. Highlights from the program include: Phase 3 drilling, Yoquivo Project, Chihuahua 4.80mgrgrading 1.45 g/t Au and 510 g/t Ag from the Camila vein, 2.29m grading 3.86 g/t Au and 6 g/t Ag from t the Pertenencia Vein, 1.16m grading 4.25 g/t Au and 449 g/t Ag from the Camila Hangingwall Vein, 1.65m grading 1.30 g/t Au and 545 g/t Ag from the San Francisco Vein system. Widthrereported are true widths The 2022 drill program commenced in May 2022 and was compris of 34 holes t totaling 9,268.35m. The program was designed to follow up on high-grade intercepts from the Company's 2020 and 2021 drilling campaigns. To date, the Company has drilled 70 drill holes totaling over 16,000 meters at Yoquivo. The primary focus of the 2022 third drilling program was to sufficiently drill the Pertenencia vein system in order to advance the project towards an initial mineral resource estimate compliant with Canadian National Instrument 43-101 "NI 43-101" and Item 1300 of Regulation S-K promulgated by the SEC. The Company began work on the mineral resource estimate in November 2022 and currently expects it should be completed in the first quarter 2023. Partial results from the 2022 drill program were published on July 7th, 2022 and September 12th, 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Deborah Friedman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: US$0.016 loss per share (vs US$0.003 profit in 3Q 2021) Third quarter 2022 results: US$0.016 loss per share (down from US$0.003 profit in 3Q 2021). Revenue: US$5.27m (down 38% from 3Q 2021). Net loss: US$2.70m (down US$3.11m from profit in 3Q 2021). Revenue is expected to decline by 3.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 09
Golden Minerals Company to Report Q3, 2022 Results on Nov 10, 2022 Golden Minerals Company announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 10, 2022 Buying Opportunity • Oct 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CA$0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to decline by 10% in a year. Earnings is forecast to decline by 173% in the next year. Buying Opportunity • Sep 23
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CA$0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to decline by 10% in a year. Earnings is forecast to decline by 173% in the next year. Aankondiging • Sep 13
Golden Minerals Provides Updates to Mexican Mining Properties in Advance of Precious Metals Summit Golden Minerals Company has provided updates related to ongoing work at several of its Mexican gold-silver mining properties, in advance of the Company’s participation and presentation at the Precious Metals Summit in Beaver Creek, Colorado from September 13-16, 2022. The Company reported assay results of holes 10 through 24 from its third drill program at the Yoquivo gold-silver project in Chihuahua state, Mexico. The 2022 program began in May 2022 and to date 24 holes totaling 5,693 meters have been drilled. Drilling was designed to follow up on high-grade intercepts reported in earlier drill campaigns and to explore the Pertenencia vein system with sufficient drill density to enable a maiden resource estimate in First Quarter 2023. Highlights include: 3.7m @ 4.5 g/t Au, 767 g/t Ag,9.3m @ 0.3 g/t Au and 209 g/t Ag,including 3.4m @ 0.2 g/t Au, 448 g/t Ag, 4.6m @ 11.4 g/t Au and 155 g/t Ag, including 2.3m @ 21 g/t Au, 261 g/t Ag, 1.9m @ 2.0 g/t Au, 315 g/t Ag, 5.3m @ 2.5 g/t Au, 379 g/t Ag, 35.4m @ 0.3 g/t Au, 66.4 g/t Ag, 2.9m @ 6.7 g/t Au, 339 g/t Ag. A follow-up drill program of about 2,500 meters is planned to start in late September to further delineate new veins and high-grade intercepts encountered on the Pertenencia, San Francisco, and Dolar vein systems. Further review of the results from the Company’s test-mining activities at Velardeña over the summer and a review of the mine plans have led Golden to the decision to undertake a development and exploration drill program at Velardeña prior to proposing the restart of mining. The drilling is required to further delineate alternative veins to replace portions of the San Mateo vein in the Company’s mine plan. The eastern portion of the San Mateo vein did not meet expectations in the recently-completed test mining due to vein-parallel fractures in the host rock which led to unacceptably high mining dilution. The drill program, which will include both underground and surface drilling, will target veins that have not been mined recently at Velardeña but which show historical evidence of potential economic grades and widths. The Company anticipates starting the program in the fourth quarter, with results becoming available during the first quarter of 2023. During the balance of 2022, the Company is also evaluating screening and ore sorting alternatives to improve mine head grade, processing material mined during the test mining to confirm recovery expectations and completing a budget level capital study for the project. These activities are not expected to be completed until the first quarter of 2023 and therefore any decision on a potential restart of mining operations at Velardeña will be deferred until at least the end of the first quarter of 2023, and potentially later. Rodeo continues to perform in line with its plan as near the end of the third quarter 2022. Golden remains on schedule to meet its forecasted production range of 12,000 to 14,000 ounces of gold and 42,000 to 47,000 ounces of silver in 2022. Drilling and blasting at Rodeo have advanced ahead of plan in Phase I, which allows for maximum mining flexibility as the pit continues to develop and transition into Phase II. Golden is very pleased with the safety record at Rodeo where the Company recently completed over one year and eight months without a lost-time accident and the past two quarters without an incident. This record demonstrates Golden’s value of safety and its employees’ commitment to work safely. Buying Opportunity • Sep 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be CA$0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to decline by 10% in a year. Earnings is forecast to decline by 173% in the next year. Buying Opportunity • Aug 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be CA$0.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to decline by 11% in a year. Earnings is forecast to decline by 162% in the next year. Breakeven Date Change • Aug 12
Forecast breakeven date pushed back to 2023 The 3 analysts covering Golden Minerals previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 33% to 2022. The company is expected to make a profit of US$561.0k in 2023. Average annual earnings growth of 136% is required to achieve expected profit on schedule. Aankondiging • Aug 04
Golden Minerals Drills 52.5m Grading 1.49 g/t Au at Sarita Este Prospect in Argentina Golden Minerals Company reported assay results from the first 10 holes of a 22-hole, second phase diamond drill (“DD”) program recently completed at its Sarita Este property in Salta Province, Argentina. The Company has drilled 22 DD holes totaling 1,286m, focusing on exploration drilling following up on the ‘Sico’ epithermal target drilled in 2021 as part of an option agreement with Cascadero Copper Corp. (“CCD”). Drill results for 2021 were reported on January 19, 2022[Link]. The recent diamond drilling campaign was completed in late June 2022. Highlights from the recent DD holes drilled in the Sico epithermal targets include: 52.5m @ 1.49 g/t Au and 5.2 g/t Ag from 0m, including 3.7m @ 7.27 g/t Au and 12.1 g/t Ag. 2.2m @ 27.47 g/t Au and 3.1 g/t Ag from 14.8m, including 0.6m @ 102.50 g/t Au and 10.6 g/t Ag. 20.6m @ 1.37 g/t Au and 3.0 g/t Ag from 19.5m, including 10.9m @ 2.01 g/t Au and 4.1 g/t Ag. 5.2m @ 1.65 g/t Au and 1.5 g/t Ag from 0m. Drilling at Sico followed up on the positive results reported from hole SE21008 in early 2022 which intersected 9.9m grading 1.91 g/t Au and 5.0 g/t Ag from 16.4m depth. The recent 2022 results confirm mineralization extends to the east, west and south of hole SE21008. The Company is waiting for results of the remaining 12 holes drilled in the current program and planning a follow-up campaign which is due to begin in mid-August. Mineralization at Sico is hosted in shallow iron-oxide bearing veins, veinlets and fractures within Tertiary volcanic rocks. The prospect lies approximately 3km southwest of the Taca Taca copper porphyry deposit (owned by First Quantum Minerals) and 55km directly north of the currently producing Lindero gold mine (owned by Fortuna Silver). The mineralization at the Sarita Este prospect extends south onto the Desierto I & II concessions (2,498 hectares) where Golden is a controlling shareholder with an agreement in place to form a JV with Cascadero Copper. Aankondiging • Jul 08
Golden Minerals Discovers Multiple New Veins At Yoquivo Gold-Silver Project Golden Minerals Company reported results from the first nine holes drilled in a third drill program conducted at its Yoquivo gold-silver project in northwest Chihuahua state, Mexico. 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, February 16, 2022 and March 3, 2022. 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. Reported Earnings • May 11
First quarter 2022 earnings released: US$0.002 loss per share (vs US$0.02 loss in 1Q 2021) First quarter 2022 results: US$0.002 loss per share (up from US$0.02 loss in 1Q 2021). Revenue: US$7.51m (up 322% from 1Q 2021). Net loss: US$316.0k (loss narrowed 90% from 1Q 2021). Over the next year, revenue is expected to shrink by 6.8% compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • May 03
Golden Minerals Company Appoints John Galassini as Chief Operating Officer Golden Minerals Company announced that mining operations executive John Galassini has joined the company as its Chief Operating Officer, effective May 9, 2022. Mr. Galassini began his career with Phelps Dodge, serving as General Manager at the Morenci copper mine in Arizona, President of Minera Candelaria in Chile, and ultimately rising to the role of Senior Vice President of North America Operations where he was responsible for seven large mining operations and two smelters. He later served as Regional Vice President, North America, for Kinross Gold, where he controlled capital and operating budgets totaling around USD 500 million. Breakeven Date Change • Apr 27
No longer forecast to breakeven The 3 analysts covering Golden Minerals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$333.0k in 2022. New consensus forecast suggests the company will make a loss of US$1.22m in 2022. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Deborah Friedman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 05
Golden Minerals Company Drills 2.6m Grading 7.14 g/t Au and 2,058 g/t Ag at Yoquivo Golden Minerals Company reported results from the final seven holes of its recently completed 21-hole drill program at the Yoquivo gold-silver project in northwest Chihuahua state, Mexico. Highlights from the drilling 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 drill program was comprised of 21 holes totaling 3,949m and explored the Pertenencia, Esperanza and Dolar vein systems. Drill holes were designed to follow up on the high-grade zones intersected by the Company’s 2020 drill program and to explore additional veins to identify new high-grade zones. The Company reported previous results from this drilling program on January 27, 2022 and February 16, 2022. These results cover the final seven holes drilled during the 2021 exploration season. Drill hole YQ_021_016 was drilled to explore the southern continuation of the high-grade mineralization intersected by hole YQ_021_006 (6.2m grading 17.19 g/t Au and 2,403.5 g/t Ag), and the drill hole intercepted a banded quartz-sulphide vein containing significant argentite, galena and pyrite, surrounded by a wide zone of altered and silicified andesites and stockwork veining. Two drill holes explored the newly identified “Huga” vein which is located between the Pertenencia and San Francisco vein systems. Surface mapping and sampling previously identified a quartz vein along a 500m strike length along what is now the Huga vein that returned good gold and silver values in a 2020 surface exploration program. The drill holes intersected a number of quartz breccia veins that contained anomalous silver and gold values, with the best intercept returning 1.4m at 0.26 g/t Au and 149 g/t Ag. The Company has also recovered drill core from a 2007 program completed by West Timmins Mining in which West Timmins Mining drilled 2,470.75m in 8 holes. Golden Minerals’ geologists are currently relogging and resampling the drill core and will incorporate this data into the Golden Minerals database. The Company has recently submitted an application to the Secretariat of Environment and Natural Resources (SEMARNAT) for a 50-hole, 10,000m drill program to allow the Company to continue to drill at Yoquivo, with the aim of fully exploring the four major vein systems on the property and discovering additional high-grade, gold-silver zones. Golden holds an option to purchase seven concessions that comprise the Yoquivo property, totaling 1,974.8 hectares located in western Chihuahua State in northern Mexico, for payments totaling $0.75 million over four years and subject to a 2% net smelter return royalty on production capped at $2 million. The claims cover an underexplored epithermal precious metals district that shows similar mineralization to the adjacent Ocampo mining district, and the Company, through systematic exploration, hopes to identify significant high-grade mineralization. Aankondiging • Feb 17
Golden Minerals Drills 6.2m Grading 17.19 g/t Au and 2,403.5 g/t Ag at Yoquivo Golden Minerals Company reported a second set of assays from the recently completed 21-hole drill program at its Yoquivo gold-silver project in northwest Chihuahua state, Mexico. Highlights from the drilling include: The drill program included 3,949m comprised of 21 holes exploring the Pertenencia, Esperanza and Dolar vein systems. Drill holes were designed to follow up on the high-grade zones intersected by the Company’s 2020 drill program and to explore additional veins to identify new high-grade zones. This second set of results covers an additional nine holes. Golden is currently awaiting assay results for the last seven holes. Hole YQ_021_006, which cut the highest grade interval to date, was drilled to explore the southern continuation of the mineralization intersected by hole YQ_20_001 (1.3m grading 5.69 g/t Au and 223 g/t Ag), which was drilled to explore the down-dip continuation of the Pertenencia Vein below the historic mine workings. Five holes were drilled to explore the Dolar Vein system below the historic Dolar Mine workings, where surface mapping and sampling has defined a series of NE-trending quartz veins over a two-kilometer strike length. Each hole intersected multiple quartz and calcite veins, zones and breccias hosted in altered and silicified andesites characteristic of the other low sulphidation epithermal veins found within the Yoquivo mining district. The Company has also recovered drill core from a 2007 program completed by West Timmins Mining in which West Timmins Mining drilled 2,470.75m in 8 holes. Golden Minerals’ geologists are currently relogging and resampling the drill core and will incorporate this data into the Golden Minerals database. Aankondiging • Jan 28
Golden Minerals Company Drills 1.5m Grading 4.02 g/t Au and 1,473.2 g/t Ag at Yoquivo Golden Minerals Company reported assay results from the first five holes of a 21-hole, second phase drill program recently completed at its Yoquivo gold-silver project in northwest Chihuahua state, Mexico. The drill program included 3,949m comprised of 21 holes exploring the Pertenencia, Esperanza and Dolar vein systems. Drill holes were designed to follow up on the high-grade zones intersected by the Company’s 2020 drill program and to explore additional veins to identify new high-grade zones. The Company is currently awaiting additional assay results that it expects to report in the coming months. Initial results from the Phase 2 drill program appear to show two distinct styles of mineralization: Banded quartz-sulphide low-sulphidation epithermal, veins and breccias; and Sulphide-rich fault zones and andesite breccias. As a result of identifying the new mineralization style in fault zones and breccias, the Company is relogging and resampling the drill core from drilling conducted at the project by West Timmins Mining in 2007 to ascertain whether any additional areas of mineralization can be identified that may not have been sampled. Aankondiging • Jan 20
Golden Minerals Company Drills High-Grade Gold Mineralization in Initial Drilling at the Sarita Este Project Golden Minerals Company announced assay results from the first drill program ever conducted at its Sarita Este gold-silver-copper prospect in Salta Province, Argentina. The Company drilled 10 diamond drill holes totaling 2,518 meters exploring several targets of untested epithermal gold-silver and copper porphyry targets. Highlights from the drilling include: Epithermal gold target: 9.9m @ 1.91 grams per tons Au and 5.0 g/t Ag including 3.7m @ 2.52 g/t Au and 5.3 g/t Ag; 8.0m @ 1.74 g/t Au and 1.0 g/t Ag including 1.0m @ 12.0 g/t Au and 1.9 g/t Ag; 3.7m @ 1.64 g/t Au and 0.3 g/t Ag including 1.0m @ 5.17 g/t Au and 0.3 g/t Ag; Porphyry copper target; 240m @ 0.13% Cu; 130.5m @ 0.13% Cu including 6m @ 1.17% Cu. The Sarita Este project is located in the highly mineralized Argentina porphyry belt adjacent to the Taca Taca copper porphyry deposit owned by First Quantum Minerals. Golden Minerals’ exploration drilling successfully identified two potentially related mineral systems: shallow oxide-gold, epithermal-style mineralization at the Sico target, and oxide and supergene enriched copper-porphyry style mineralization at the Kachi target. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.003 (vs US$0.009 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$8.48m (up 295% from 3Q 2020). Net income: US$411.0k (up US$1.70m from 3Q 2020). Profit margin: 4.8% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Aankondiging • Sep 19
Golden Minerals Commences Reverse Circulation Drill Program; Drills 13.9m Grading 2.9 g/t Au at Rodeo Gold-Silver Mine Golden Minerals Company announced additional assay results from 20 recently completed diamond drill holes and to announce it has commenced a reverse circulation drill program focusing on resource definition at its Rodeo gold-silver mine located in Durango State, Mexico. The reverse circulation program is being conducted by Major Drilling and will consist of 35 drill holes totaling approximately 2,500 meters. The program is designed to expand on the high-grade resource currently being mined and to drill several exploration targets located adjacent to the open pit. The reverse circulation drilling is expected to be completed in September. The Company has reported assay results from an additional 20 holes, totaling 1,253 meters, from the ongoing diamond drilling program that is exploring for the continuation of Au-Ag mineralization to the north of the current mining area. Drilling has intersected several wide zones of disseminated gold mineralization and has identified several additional high-grade zones that appear to be hosted in a series of silicified structures running parallel to the high-grade gold zones currently being mined. Highlights of the new assay results include: RDO_21_028 - 78.7m grading 1.06 g/t Au and 10.1 g/t Ag, Including 13.9m grading 2.88 g/t Au and 4.3 g/t Ag. RDO_021_022: 70.0m grading 0.56 g/t Au and 6.0 g/t Ag, Including 14.2m grading 1.07 g/t Au and 14.8 g/t Ag. RDO_021_018 - 64.4m grading 0.85 g/t Au and 8.6 g/t Ag. RDO_021_011A - 26.0m grading 0.82 g/t Au and 6.5 g/t Ag. Breakeven Date Change • Aug 12
Forecast breakeven pushed back to 2022 The 3 analysts covering Golden Minerals previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 87% to 2021. The company is expected to make a profit of US$3.07m in 2022. Average annual earnings growth of 170% is required to achieve expected profit on schedule. Reported Earnings • Aug 06
Second quarter 2021 earnings released: US$0.005 loss per share (vs US$0.018 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$5.86m (up 379% from 2Q 2020). Net loss: US$810.0k (loss narrowed 65% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Aankondiging • Jun 11
Golden Minerals Company Announces Positive Initial Results from Its Rodeo Gold-Silver Mine Expansion Drilling, Including 14.7M @ 3.94 G/T Au Golden Minerals Company announced initial results from its ongoing expansion drill program at its Rodeo open pit gold mine in Durango State, Mexico. The Company announced in March 2021 it was beginning a program encompassing approximately 2,000 meters of exploration drilling at selected near-surface targets located immediately adjacent to the current open pit, as well as additional near-site surface targets. The program is being conducted to outline possible extension of the life of the Rodeo mine well beyond the currently estimated life of around 2.5 years. To date the exploration program has drilled 606 meters through the first ten holes. Highlights of the program’s initial results include the following: 14.65m grading 3.94 g/t Au and 8.0 g/t Ag including. 9.30m grading 5.38 g/t Au and 9.8 g/t Ag; 3.70m grading 7.02 g/t Au and 21.5 g/t Ag including. 0.90m grading 21.09 g/t Au and 50.4 g/t Ag. RDO_021_003: 13.75m grading 2.64 g/t Au and 10.5 g/t Ag including. 1.60m grading 9.17 g/t Au and 18.5 g/t Ag; 6.35m grading 1.41 g/t Au and 36.4 g/t Ag including. 2.70m grading 1.94 g/t Au and 58.5 g/t Ag. RDO_021_010: 3.80m grading 2.69 g/t Au and 26.0 g/t Ag including. 2.35m grading 3.31 g/t Au and 32.2 g/t Ag. Rodeo is a gold-silver open pit mine located in Durango State, Mexico. Production began in January 2021, with material being trucked to the Company’s oxide mill at the Velardeña Properties located around 115 kilometers away via road. Rodeo’s current expected life per the terms of an independently prepared, NI 43-101-compliant Preliminary Economic Assessment (April 2020) is 2.5 years. Reported Earnings • May 08
First quarter 2021 earnings released: US$0.02 loss per share (vs US$0.031 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$1.78m (up 49% from 1Q 2020). Net loss: US$3.18m (loss narrowed 4.7% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Feb 20
Full year 2020 earnings released: US$0.069 loss per share (vs US$0.053 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$5.64m (down 27% from FY 2019). Net loss: US$9.09m (loss widened 69% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 333%, compared to a 42% growth forecast for the Metals and Mining industry in Canada. Aankondiging • Feb 19
Golden Minerals Company, Annual General Meeting, May 13, 2021 Golden Minerals Company, Annual General Meeting, May 13, 2021. Aankondiging • Feb 02
Golden Minerals Announces First Gold Pour at Rodeo Gold Project in Durango State, Mexico Golden Minerals Company reported the first gold pour from its Rodeo gold project in Durango State, Mexico. The pour occurred on January 30, 2021, on schedule and roughly three weeks after the first loads of material were trucked from the Rodeo site to the Company’s Velardeña oxide plant for processing. The first pour produced approximately 150 gold equivalent ounces. Additional gold pours are planned for early February. As previously communicated, the Company began processing at a rate of around 200 tonnes per day (“tpd”). Golden is currently installing a “regrind” ball mill at Velardeña’s oxide plant, where Rodeo’s material is processed. This mill, which is designed specifically to increase throughput at the process plant by increasing grinding capacity for the silicified material from Rodeo, will be used in sequence with the existing ball mill and will perform a secondary grind of the oversized material. Once this regrind ball mill comes online (anticipated to occur in March 2021), throughput of Rodeo’s material is anticipated to increase to around 450 tpd. Is New 90 Day High Low • Feb 02
New 90-day high: CA$1.30 The company is up 124% from its price of CA$0.58 on 03 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Aankondiging • Jan 29
Golden Minerals Discovers New Vein and Intersects Excellent Gold and Silver Grades at its Yoquivo Project in Chihuahua, Mexico Golden Minerals Company announced it has received assay results from its recent 3,400-meter, 15-hole drill campaign at the Company’s Yoquivo gold-silver district-scale property in Chihuahua, Mexico. Highlights include the following: YQ_20_001 Pertenencia Vein: 1.3m grading 5.69 g/t Au and 223 g/t Ag (650g/t AgEq) within 4.2m grading 2.34 g/t Au and 190 g/t Ag (365 g/t AgEq) YQ_20_002 Pertenencia Vein: 0.6m grading 1.14 g/t Au and 423 g/t Ag (509 g/t AgEq) within 1.9m grading 0.45 g/t Au and 150 g/t Ag (184 g/t AgEq) YQ_20_006 Esperanza Vein: 1m grading 5.0 g/t Au and 118 g/t Ag (524 g/t AgEq) within 3.6m grading 1.77 g/t Au and 49 g/t Ag (190 g/t AgEq) YQ_20_007 Esperanza Vein: 0.4m grading 8.76 g/t Au and 60 g/t Ag (717 AgEq) within 2.8m grading 1.2 g/t Au, 65 g/t Ag (155 g/t AgEq) YQ_20_010 New Vein: 0.2m grading 15.4 g/t Au and 1150 g/t Ag (2305 g/t AgEq) within 5.4m grading 1.9 g/t Au and 135 g/t Ag (278 g/t AgEq) YQ_20_011 New Vein: 3.0m grading 4.2 g/t Au and 734 g/t Ag (1049 g/t AgEq) within 12.3m grading 1.3 g/t Au and 225 g/t Ag (323 g/t AgEq) YQ_20_012 New Vein: 0.3m grading 135.5 g/t Au and 7480 g/t Ag (17,643 g/t AgEq) within 1.2m grading 34 g/t Au and 1895 g/t Ag (4445 g/t AgEq). Aankondiging • Jan 16
Golden Minerals Regains Compliance with NYSE American Continued Listing Standards Golden Minerals Company announced that it has received written notice from the NYSE American LLC (the “NYSE American”) that the Company has regained full compliance with the continued listing standards outlined in Part 10 of the NYSE American Company Guide (the "Company Guide"). As previously disclosed, the Company received notice from the NYSE American on August 19, 2019 that it was not in compliance with Section 1003(a)(iii) of the Company Guide when it reported stockholders’ equity of less than $6.0 million as of June 30, 2019. The Company has regained compliance by meeting the requirements of the $50 million market capitalization exemption in Section 1003(a) of the Company Guide from the stockholders’ equity requirement. As of January 15, 2021 the below compliance (“.BC”) indicator was no longer disseminated and the Company was removed from the list of NYSE American noncompliant issuers on the NYSE American’s website. Aankondiging • Jan 14
Golden Minerals Company Begins Gold Production Golden Minerals Company announced it has begun gold production at its Rodeo gold project located in Durango State, Mexico, roughly two weeks ahead of schedule and on budget. The company transported the first loads of Rodeo’s gold-containing material by road to its nearby Velardeña oxide mill for processing last week. The mill has begun processing the material and anticipates a first pour of gold-silver doré bars within two weeks. Initially, Rodeo material will be processed at a rate of about 200 tonnes per day, running through the currently operational 10.5’ by 13’ ball mill. The company is in the process of installing an additional 8’ by 22’ ball mill at Velardeña, as previously communicated, which is designed to increase processing throughput by increasing grinding capacity for the silicified material from Rodeo. This second ball mill will operate in series after the primary ball mill. The company estimates the regrind mill will be complete and ready to run near the end of the first quarter 2021, at which point daily mill throughput is expected to increase to about 450 tpd. Is New 90 Day High Low • Dec 23
New 90-day high: CA$0.96 The company is up 71% from its price of CA$0.56 on 24 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Aankondiging • Dec 23
Golden Minerals Company Begins Mining at Rodeo Gold Project Golden Minerals Company announced it has begun mining activities at its Rodeo gold project located in Durango State, Mexico. Blasting at the open-pit gold operation began last week. Initial blastholes were drilled on the 1460 bench in an area that includes outcropping mill-grade gold mineralization and thin overburden material. 48 holes were drilled and blasted in the first pattern. During the next few weeks, the Company will continue to develop the current and adjacent benches. The benches are designed to be five meters each in height. The Company anticipates being able to transport the first loads of material to its Velardeña oxide mill (located around 60 miles from Rodeo) for processing in January 2021 assuming the current pace of work continues. Processing at the Velardeña oxide mill is expected to begin as soon as sufficient material containing greater than 3.0 grams per tonne gold has been hauled to the mill site to allow for continuous operation. Initial processing will be at a rate of about 200 tonnes per day (“tpd”) through the currently operational 10.5’ by 13’ ball mill. As previously communicated, the Company is also installing an additional 8’ by 22’ ball mill at Velardeña that is specifically designed to increase throughput at the process plant by increasing grinding capacity for the silicified material from Rodeo. It will serve as a regrind ball mill and operate in series after the primary ball mill. The Company anticipates the new mill will be installed and ready to run near the end of the first quarter, which should increase daily mill throughput to about 450 tpd. The cost of the second ball mill was anticipated and included in the start up capital estimate of $1.5 million that has been previously communicated. The Company expects a first pour of doré from Rodeo toward the end of January 2021. Is New 90 Day High Low • Dec 08
New 90-day high: CA$0.79 The company is up 36% from its price of CA$0.58 on 08 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Aankondiging • Dec 04
Golden Minerals Completes Drill Program At Its Yoquivo Gold-Silver District in Chihuahua, Mexico Golden Minerals Company announced it has completed a 3,400-meter, 15-hole drill campaign at its Yoquivo gold-silver district-scale property in Chihuahua, Mexico. Yoquivo covers a large, low-sulfidation epithermal vein system with limited historic production. The Company has identified four separate vein systems in which surface sampling has returned grades up to 4,050 g/t silver and 27.7 g/t gold from surface. Golden Minerals drilled approximately 3,400 meters in 15 core holes exploring the principal veins at Yoquivo. The drilling targeted the silver-gold Pertenencia, San Francisco and Esperanza vein systems to better understand the nature and distribution of the high-grade mineralization. The Company expects to be able to announce results from the drilling program within the next few months. Is New 90 Day High Low • Nov 07
New 90-day high: CA$0.67 The company is up 14% from its price of CA$0.59 on 07 August 2020. The Canadian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$0.009 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: US$2.15m (up 10% from 3Q 2019). Net loss: US$1.29m (loss narrowed 27% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 79%. Over the next year, revenue is forecast to grow 127%, compared to a 52% growth forecast for the Metals and Mining industry in Canada. 