Begins mining operations at the Velardena silver-gold... Golden Minerals Company/ NYSE: AUMN
PR Title
Begins mining operations at the Velardena silver-gold project in Mexico
FRC Opinion
Positive – AUMN is aiming to achieve a production rate of 150 tonnes per day (tpd) by March, and reach its full production rate of 325 tpd by Q2. A recently completed PEA had returned an AT-NPV8% of US$88M, using US$1,826/oz gold, and US$23/oz silver. AUMN is trading at just 4% of the AT-NPV8%.