This is still a TINY share structure.
There are almost no miners with resource base this large that don't have 100+MM shares out there.
AUMN is on track for run rate of about 1.65M oz production at Velardenas in Q4 2012.
CEO says it will become cash flow positive end of Q2.
The PEA for Velardenas 2000 tpd expansion is due Q2 as well.
They conservatively are looking at about 4M oz silver, 80k oz gold, and significant zinc/lead annual output, and this will be a long life mine.
Also, look for update 43-101 updates on Velardenas, El Quevar, and Zacatecas THIS QUARTER.
AUMN already has huge resources, so things are only gonna get better.
Moving ozs from inferred to M&I is going to raise the valuation in a big way. All the other companies whose ozs are valued this cheaply are exploration companies far away from production, but AUMN is now PRODUCER.
This stock has been under relentless short attack this summer, but its OVER. I suspect the Wall Street guys are manuevering AUMN down so a "favored" big miner can swoop in for cheap takeover IMO.
Also, El Quevar is shaping up to be a world-class silver deposit and has room to get very very big. It's pure silver and above average grade.
They have a LOT of cash now, almost 1/3rd the share price is cash, and this is like picking up money off the floor. This is a great multiyear play on silver. BTW I am long.
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Recent AUMN News
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/16/2024 08:00:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 07:36:47 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/09/2024 09:23:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/09/2024 07:51:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 02:56:07 PM
- Golden Minerals Announces Intent to Sell El Quevar Silver Project and Provides Corporate Update • Business Wire • 09/03/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 09:04:46 PM
- Golden Minerals Reports Second Quarter 2024 Financial Results • Business Wire • 08/14/2024 10:45:00 AM
- Golden Minerals Announces Chief Financial Officer Retirement and Appoints New Chief Financial Officer • Business Wire • 08/05/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:36:53 PM
- Golden Minerals Provides Corporate Update • Business Wire • 08/01/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 05:01:04 PM
- Golden Minerals Announces Closing of Sale of Velardeña Mine and Associated Facilities and Delay of Closing in Sale of Velardeña Oxide Plant and Water Wells • Business Wire • 07/15/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 08:21:21 PM
- Golden Minerals Receives Continued Listing Standard Notice From NYSE American • Business Wire • 07/09/2024 10:45:00 AM
- Golden Minerals Announces CEO Retirement and Replacement and Board Changes • Business Wire • 06/18/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:05:50 PM
- CORRECTING and REPLACING Golden Minerals Reports First Quarter 2024 Financial Results • Business Wire • 05/14/2024 01:56:00 PM
- Golden Minerals Reports First Quarter 2024 Financial Results • Business Wire • 05/14/2024 10:45:00 AM
- Golden Minerals Announces Sale of Velardeña Assets and Unifin Settlement • Business Wire • 05/10/2024 10:45:00 AM
- Golden Minerals Announces Return of El Quevar Silver Project • Business Wire • 03/27/2024 10:45:00 AM
- Golden Minerals Reports Full Year 2023 Results • Business Wire • 03/19/2024 10:45:00 AM
- Golden Minerals Announces Passing of Director W. Durand Eppler • Business Wire • 03/05/2024 11:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:18:30 PM
- Golden Minerals Stops Mining Operations at its Velardeña Properties • Business Wire • 02/29/2024 11:45:00 AM
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