Golden Minerals Company
Anticipating Positive Market Response to An Upcoming Announcement
Published: 11/18/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Other Precious Metals & Mining
Ticker Symbols:AUMN.TO - TSX 🔹AUMN - AMEX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.5 |
| Fair Value | US $6.97 |
| Risk | 4 |
| 52 Week Range | US $0.11-8.00 |
| Shares O/S (M) | 14 |
| Market Cap. (M) | US $7 |
| Current Yield (%) | n/a |
| P/E (forward) | n/a |
| P/B | 2.8 |
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Report Highlights
Highlights
We are expecting AUMN to commence commercial production at Velardeña (a silver-gold-lead-zinc mine in Mexico) in the coming weeks. A recently completed PEA returned an AT-NPV8% of $88M, using $1,826/oz gold, and $23/oz silver. AUMN is trading at just 4% of the AT-NPV8%.
As we expected, production at Rodeo (a gold-silver mine located 80 km west of Velardeña) ended in September 2023.
AUMN has completed a $4M equity financing to fund working capital, and initial operations at Velardeña.
Despite the completion of this financing,
