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Last $0.31 USD
Change Today +0.0225 / 7.83%
Volume 137.5K
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

golden minerals co (AUMN) Snapshot

Open
$0.29
Previous Close
$0.29
Day High
$0.31
Day Low
$0.29
52 Week High
08/6/14 - $1.30
52 Week Low
07/23/15 - $0.23
Market Cap
16.5M
Average Volume 10 Days
152.9K
EPS TTM
$-0.34
Shares Outstanding
53.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GOLDEN MINERALS CO (AUMN)

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golden minerals co (AUMN) Details

Golden Minerals Company engages in mining, construction, and exploration of mineral properties. It explores for gold, silver, zinc, lead, and other minerals. The company owns the Velardeña and Chicago precious metals mining properties in the State of Durango, Mexico; and the El Quevar advanced exploration property in the province of Salta, Argentina. It also owns a portfolio of approximately 30 exploration properties located primarily in certain traditional precious metals producing regions of Mexico and Argentina. The company was formerly known as Apex Silver Mines Limited and changed its name to Golden Minerals Company in March 2009. Golden Minerals Company was founded in 1996 and is headquartered in Golden, Colorado.

293 Employees
Last Reported Date: 02/27/15
Founded in 1996

golden minerals co (AUMN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $479.2K
President
Total Annual Compensation: $334.6K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $258.8K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $160.3K
Compensation as of Fiscal Year 2014.

golden minerals co (AUMN) Key Developments

Golden Minerals Company Announces Results of Mining Activities for the Second Quarter 2015; Provides Mining Activities Guidance for the Second Half of 2015

Golden Minerals Company announced results of mining activities for the second quarter 2015 of approximately 125,000 ounces of payable silver equivalent, in line with the first quarter 2015. Mill throughput was negatively impacted during the second quarter by lower than planned amounts of material removed from the mine. This resulted primarily from the company's delay in hiring new and replacement miners during union negotiations for a one-year extension of its union contract, which were completed in May 2015. The mill has processed up to 370 tonnes per day (tpd), is operating well and averaged 225 tpd during the quarter. The mill did not operate for 19 days during the quarter due to insufficient material delivered from the mine. The mill averaged 280 tpd on days that the mill operated during the quarter. Average grades of material processed during the second quarter were 170 grams per tonne (gpt) silver and 2.78 gpt gold compared to 178 gpt silver and 2.66 gpt gold in the first quarter 2015. Golden Minerals has updated its guidance for the remainder of 2015. Cash costs per payable silver ounce, net of by-product credits, were approximately $26.00 in the second quarter. For the second half of 2015, the company now anticipates approximately 400,000 payable silver equivalent ounces, primarily due to the absence of pyrite concentrate sales due to lower gold prices and to lower silver and gold grades than anticipated. The company now anticipates cash costs per payable ounce of silver, net of byproduct credits, of between $15 and $20 per ounce for the remainder of 2015, with the increase primarily due to reduced metals sales.

Golden Minerals Discovers New Silver and Gold Mineralization in Guanajuato

Golden Minerals Company has released results from three exploration drill holes at its Celaya project in Guanajuato, Mexico. Golden Minerals has completed an initial 2,200-meter, three-hole drilling program at its 6,200 hectare Celaya project located 45 kilometers (km) southeast of and on trend with the historic Guanajuato District. Results include the first known epithermal gold (Au) and silver (Ag) mineralization encountered beneath widespread clay-silica alteration on the claims comprising the Celaya project. Highest grade intercepts include 0.4 meters of 758 grams per tonne (g/t) Ag in drill hole CE15-03 and 1.1 meter of 7.4 g/t Au and 393 g/t Ag in drill hole CE15-05. The Company's target of exploration at the Celaya project is a Guanajuato-style silver and gold epithermal vein system. The drill program focused on an extensive area of clay-silica alteration that Company geologists interpreted to be the surface expression of an epithermal vein system at depth. The Company believes that the discovery of significant silver and gold values associated with banded epithermal veins approximately 500 meters vertically below the outcropping alteration confirms the exploration model and suggests the nearby presence of a mineralized system of possible economic interest. The gold and silver-bearing intervals in drill holes CE15-03 and CE15-04 represent multiple vein structures interpreted to strike northwest and dip steeply to the southwest within a favorable corridor with a minimum width of 35 meters. The gold and silver-bearing interval in drill hole CE15-05 is interpreted to be a northeast trending vein structure which dips moderately northwest and is 190 meters southeast of the intercepts in drill holes 3 and 4. The exploration model for Celaya is similar to that at Plata Latina's Naranjillo discovery, 10 km to the west. Recent drilling activity adjacent to the Naranjillo discovery by Fresnillo, PLC provides further indication of the prospectivity of the area.

Golden Minerals Company Announces Board Appointments

Mr. Warren Rehn, previously Senior Vice President, Exploration and Chief Geologist of Golden Minerals Company, was elected to serve as President effective May 21, 2015. Mr. Jeffrey G. Clevenger, previously the company's Chairman, President and Chief Executive Officer, continues to serve as the company's Chairman and Chief Executive Officer. Mr. Rehn was appointed Vice President, Exploration and Chief Geologist of the company in February 2012 and was subsequently promoted to Senior Vice President, Exploration and Chief Geologist in December 2012. Mr. Rehn held various positions at Barrick Gold Exploration Inc., serving most recently as Chief Exploration Geologist for the Bald Mountain and Ruby Hill mining units.

 

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