Value Microcaps Junior Miners

[stock_peeker]

AUMN earnings:
Read 10Q here: http://biz.yahoo.com/e/100504/aumn10-q.html
... or the high level news release below:

Golden Minerals Reports First Quarter 2010

Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE Amex: AUMN) (TSX: AUM) announces results for the first quarter 2010.

First Quarter 2010 Financial Results

For the first quarter 2010, Golden Minerals recorded a net loss of $7.0 million, which included among other items, $2.3 million in revenue net of associated costs for management services and interest and other income of $0.7 million, more than offset by expenses including $3.2 million of exploration expense, $2.5 million of expense related to El Quevar feasibility study work and $2.3 million of administrative expense.

At March 31, 2010, Golden Minerals' aggregate cash and short-term investments totaled $45.9 million, which included $13.0 million in net proceeds from private placements of common stock and $27.6 million in net proceeds from a public offering of common stock, each of which was completed in the first quarter. The March 31, 2010 amount includes $40.6 million of cash and cash equivalents and $5.3 million in short term investments comprised of US treasury securities. At December 31, 2009, the Company's cash and short-term investments totaled $9.0 million.

In January 2010, the Company acquired Hochschild Mining Group's ("Hochschild") 35% interest in certain portions of the El Quevar project in exchange for 400,000 shares of the Company's common stock and a warrant to acquire 300,000 shares of its common stock exercisable for three years at an exercise price of $15.00 per share. The Company now owns or controls 100% of the 66,000 hectare El Quevar project, including the Yaxtche deposit on which a feasibility study is being conducted.

Also in January 2010, the Company completed a private placement of 844,694 shares of its common stock to two investment funds managed by The Sentient Group ("Sentient") at a purchase price of Cdn$7.06 per share, resulting in net proceeds to the Company of approximately $5.5 million.

On March 24, 2010 the Company completed a public offering of 4,000,000 shares of common stock at an offering price of $8.50 per share. The Company sold 3,652,234 shares and a selling stockholder sold 347,766 shares. Concurrent with the public offering, Sentient exercised its existing pre-emptive right and purchased in a private placement pursuant to Regulation S under the U.S. Securities Act of 1933 an additional 905,065 shares of common stock at the public offering price of $8.50 per share. The aggregate net proceeds to the Company from the sale of the shares in the public offering and the sale of the shares to Sentient was approximately $35.1 million.

For the remaining nine months of 2010, Golden Minerals expects to spend up to approximately $27.0 million on completion of a feasibility study on El Quevar, including construction of an underground drift and related infrastructure, $6.5 million on targeted exploration projects in Mexico, Argentina and Peru, $3.0 million on generative exploration projects and property holding costs and $6.5 million on general and administrative costs. The Company plans to fund these expenditures from existing cash and investment balances and from approximately $4.5 million of net cash flow from management services and $1.0 million in royalties and other income.