Golden Minerals Company is lowering its cash costs and preparing for a maiden resource!
• Its Q3 gold production in Rodeo mine, Mexico was flat QoQ, but 4% lower than our estimate. EBITDA and EPS were flat QoQ as well.
• Cash costs decreased 2% QoQ to $1,391/oz.
• Analysts are maintaining their full-year forecast of $1,300/oz. AUMN is completing a maiden resource estimate for its Yoquivo gold-silver project (Mexico), which is likely to be the next major catalyst.
Due to shrinking margins, gold equities have underperformed gold in the past year. Equities have outperformed the metal during a rally earlier this year.
Read the full report to find out if AUMN has a higher upside potential than the metal in the coming months.
Full report: https://www.researchfrc.com/golden-minerals-company-nyse-tsx-aumn-lowers-cash-costs-preparing-a-maiden-resource/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Golden+Minerals+Company+
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