Golden Minerals Future Growth

Future criteria checks 2/6

Golden Minerals is forecast to grow earnings and revenue by 81.9% and 26.4% per annum respectively while EPS is expected to grow by 100.5% per annum.

Key information

81.9%

Earnings growth rate

100.5%

EPS growth rate

Metals and Mining earnings growth	28.2%
Revenue growth rate	26.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	18 Aug 2023

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:7GB0 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	55	N/A	N/A	14	1
12/31/2024	29	-2	N/A	1	3
12/31/2023	17	-9	N/A	-7	3
6/30/2023	19	-12	-10	-10	N/A
3/31/2023	20	-13	-12	-12	N/A
12/31/2022	23	-10	-10	-10	N/A
9/30/2022	28	-4	-3	-3	N/A
6/30/2022	31	-1	2	2	N/A
3/31/2022	31	1	4	5	N/A
12/31/2021	26	-2	0	1	N/A
9/30/2021	17	-6	-6	-4	N/A
6/30/2021	11	-7	-9	-8	N/A
3/31/2021	6	-9	-11	-10	N/A
12/31/2020	6	-9	-10	-9	N/A
9/30/2020	6	-6	-9	-9	N/A
6/30/2020	6	-6	-9	-9	N/A
3/31/2020	7	-6	-7	-7	N/A
12/31/2019	8	-5	-4	-4	N/A
9/30/2019	8	-8	-5	-5	N/A
6/30/2019	11	-4	-5	-5	N/A
3/31/2019	8	-4	-6	-5	N/A
12/31/2018	7	-2	-6	-6	N/A
9/30/2018	7	-3	-5	-5	N/A
6/30/2018	3	-5	-3	-3	N/A
3/31/2018	7	-4	-2	-2	N/A
12/31/2017	7	-4	-2	-2	N/A
9/30/2017	7	-2	-1	-1	N/A
6/30/2017	7	-2	-4	-4	N/A
3/31/2017	7	-5	N/A	-5	N/A
12/31/2016	6	-11	N/A	-6	N/A
9/30/2016	7	-12	N/A	-7	N/A
6/30/2016	7	-28	N/A	-8	N/A
3/31/2016	7	-28	N/A	-9	N/A
12/31/2015	8	-25	N/A	-10	N/A
9/30/2015	6	-29	N/A	-14	N/A
6/30/2015	5	-15	N/A	-15	N/A
3/31/2015	3	-17	N/A	-17	N/A
12/31/2014	0	-19	N/A	-18	N/A
9/30/2014	0	-24	N/A	-17	N/A
6/30/2014	0	-27	N/A	-20	N/A
3/31/2014	5	-240	N/A	-21	N/A
12/31/2013	11	-240	N/A	-28	N/A
9/30/2013	18	-241	N/A	-33	N/A
6/30/2013	25	-298	N/A	-31	N/A
3/31/2013	26	-88	N/A	-34	N/A
12/31/2012	26	-92	N/A	-37	N/A
9/30/2012	20	-97	N/A	-47	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7GB0 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 7GB0 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 7GB0 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 7GB0's revenue (26.4% per year) is forecast to grow faster than the German market (4.6% per year).

High Growth Revenue: 7GB0's revenue (26.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 7GB0's Return on Equity is forecast to be high in 3 years time

Golden Minerals Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Forecast breakeven date pushed back to 2023

Recent updates

Golden Minerals Company announced delayed 10-Q filing

Golden Minerals Company Announces Chief Financial Officer Changes

Golden Minerals Company Receives Continued Listing Standard Notice from NYSE American

Golden Minerals Company Announces CEO Changes

Golden Minerals Announces Passing of Director W. Durand Eppler

Golden Minerals Company has filed a Follow-on Equity Offering in the amount of AUD 8 million.

Golden Minerals Company, Annual General Meeting, Apr 30, 2024

Golden Minerals Company Begins Silver-Gold Mining Operations at its Velardeña Properties, Located in Durango State, Mexico

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.

Golden Minerals Company Begins Producing Gold-Bearing Pyrite Concentrate from its Velardeña Properties in Durango State, Mexico

Golden Minerals Company has completed a Follow-on Equity Offering.

Golden Minerals Company has completed a Follow-on Equity Offering.

Golden Minerals Receives NYSE Acceptance of Plan to Regain Listing Compliance

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 $2.070001 million.

Golden Minerals Company Appoints Pablo Castaños as Executive Vice President, Effective July 1, 2023

Golden Minerals Receives Continued Listing Standard Notice from NYSE American

Golden Minerals Company Announces Restart of Silver and Gold Mining Operations At Velardena

Golden Minerals Company Announces Resignation of John Galassini as Chief Operating Officer

First quarter 2023 earnings released: US$0.019 loss per share (vs US$0.002 loss in 1Q 2022)

Full year 2022 earnings released: US$0.06 loss per share (vs US$0.013 loss in FY 2021)

Golden Minerals Company, Annual General Meeting, May 26, 2023

Golden Minerals Reports Continued Exploration Success At Yoquivo Gold-Silver Project, Mexico

Insufficient new directors

Third quarter 2022 earnings released: US$0.016 loss per share (vs US$0.003 profit in 3Q 2021)

Golden Minerals Company to Report Q3, 2022 Results on Nov 10, 2022

Now 24% undervalued after recent price drop

Golden Minerals Provides Updates to Mexican Mining Properties in Advance of Precious Metals Summit

Now 22% undervalued after recent price drop

Forecast breakeven date pushed back to 2023

Golden Minerals Drills 52.5m Grading 1.49 g/t Au at Sarita Este Prospect in Argentina

Golden Minerals Discovers Multiple New Veins At Yoquivo Gold-Silver Project

First quarter 2022 earnings released: US$0.002 loss per share (vs US$0.02 loss in 1Q 2021)

Golden Minerals Company Appoints John Galassini as Chief Operating Officer

Insufficient new directors

Golden Minerals Company Drills 2.6m Grading 7.14 g/t Au and 2,058 g/t Ag at Yoquivo

Golden Minerals Drills 6.2m Grading 17.19 g/t Au and 2,403.5 g/t Ag at Yoquivo

Golden Minerals Company Drills 1.5m Grading 4.02 g/t Au and 1,473.2 g/t Ag at Yoquivo

Golden Minerals Company Drills High-Grade Gold Mineralization in Initial Drilling at the Sarita Este Project

Third quarter 2021 earnings released: EPS US$0.003 (vs US$0.009 loss in 3Q 2020)

Golden Minerals Commences Reverse Circulation Drill Program; Drills 13.9m Grading 2.9 g/t Au at Rodeo Gold-Silver Mine

Second quarter 2021 earnings released: US$0.005 loss per share (vs US$0.018 loss in 2Q 2020)

Golden Minerals Company Announces Positive Initial Results from Its Rodeo Gold-Silver Mine Expansion Drilling, Including 14.7M @ 3.94 G/T Au

First quarter 2021 earnings released: US$0.02 loss per share (vs US$0.031 loss in 1Q 2020)

Full year 2020 earnings released: US$0.069 loss per share (vs US$0.053 loss in FY 2019)

Revenue misses expectations

Golden Minerals Company, Annual General Meeting, May 13, 2021

Golden Minerals Announces First Gold Pour at Rodeo Gold Project in Durango State, Mexico

New 90-day high: €0.80

Golden Minerals Discovers New Vein and Intersects Excellent Gold and Silver Grades at its Yoquivo Project in Chihuahua, Mexico

Golden Minerals Regains Compliance with NYSE American Continued Listing Standards

Golden Minerals Company Begins Gold Production

New 90-day high: €0.60

Golden Minerals Company Begins Mining at Rodeo Gold Project

New 90-day high: €0.52

Golden Minerals Completes Drill Program At Its Yoquivo Gold-Silver District in Chihuahua, Mexico

New 90-day high: €0.45

Revenue beats expectations

Third quarter 2020 earnings released: US$0.009 loss per share

Golden Minerals Company Drills 30.3m Grading 3.1 g/t Au At the Rodeo Gold Project

Golden Minerals Company has completed a Follow-on Equity Offering in the amount of $7.5 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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