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Golden Minerals Company announced the Company is undertaking several initiatives in response to COVID-19 related economic and financial market uncertainties. The Company is following World Health Organization protocols and local government rules and recommendations at all its projects and corporate offices. Office employees are working remotely [...]
Golden Minerals Company is pleased to announce positive results from the updated Mineral Resource Estimate and Preliminary Economic Assessment for its Velardeña Properties, a 100%-owned silver and gold project located in Durango State, Mexico. PEA Financial and Economic Highlights Tetra Tech, an independent engineering company, has prepared the PEA [...]
Golden Minerals Company has today announced financial results and a business summary for the full year ending December 31, 2019. 2019 Financial Highlights Revenue for full year 2019 of $7.7 million and operating margin of $5.3 million related to the lease of the Company’s oxide plant at the Velardeña Properties to [...]
Golden Minerals Company is pleased to announce it has received promising results from metallurgical test work conducted on pyrite-arsenopyrite flotation concentrates from its Velardeña Properties located in Durango, Mexico. Gold and silver recoveries of 91% and 92%, respectively, were obtained from cyanide leaching of the bio-oxidized [...]
Golden Minerals Company announced today that it has received $3.0M for the sale of two non-strategic Mexican exploration properties to a subsidiary of Industrias Peñoles. The Mogotes and Pistachon properties are located near the Company’s Velardeña Properties in Durango State, Mexico and adjacent to mineral concessions [...]
Golden Minerals Company has released financial results for the quarter ending September 30, 2019. Third Quarter Summary Financial Results Revenue of $1.9 million and a net operating margin of $1.3 million related to the lease of the Company’s oxide plant in Mexico to Hecla Mining Co. Cash and cash equivalents balance of $2.9 million as of [...]
Golden Minerals Company today announced that on November 1, 2019, NYSE Regulation accepted the Company’s plan to regain compliance with the NYSE American continued listing standards relating to stockholders’ equity. NYSE Regulation has granted a plan period through February 19, 2021. The listing of the Company’s common stock will [...]
Golden Minerals Company has provided activity updates related to five of its active precious metals exploration projects. Velardeña Properties – Durango State, Mexico The Velardeña Properties contain two underground silver and gold mines that were last operated in late 2015, at which point mining activities were suspended when a [...]
Golden Minerals Company announced today that it has entered into an option agreement to sell its right to acquire a 100% interest in the Santa Maria silver and gold project located in southern Chihuahua State, Mexico to Magellan Gold Corporation . The agreement provides for a period of up to 150 days during which Magellan will complete its due [...]
Golden Minerals Company has released final results from the 2019 drilling program conducted at its El Quevar silver property located in Salta Province, Argentina. 3,004 meters were drilled in 19 holes. A new shallow high-grade zone was partially outlined in the Vince area about two kilometers southwest of the known Yaxtché deposit. Four [...]
Golden Minerals Company announced today that the previously announced purchase and sale agreement with Compañía Minera Autlán S.A.B. de C.V. regarding the sale of certain of its Mexican properties has been terminated. The agreement was previously announced in a Company news release dated June 27, 2019. Warren Rehn, Golden [...]