Bullboard - Stock Discussion Forum Golden Minerals Ord Shs AUMN

Primary Symbol: T.AUMN

Metals & Mining Industrial Metals & Minerals

Golden Minerals Company is a precious metals mining exploration company. The Company is primarily focused on advancing its Yoquivo property in Mexico and, through partner-funded exploration, advancing its El Quevar silver property in Argentina. It is also focused on acquiring and advancing selected mining properties in Mexico, Nevada and Argentina. The Yoquivo Project is located 210 km west... see more

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TSX:AUMN - Post Discussion

Golden Minerals Ord Shs > FRC analysts are pleased as Golden Minerals has announced..

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Post by sdhaka on May 14, 2024 3:51pm

FRC analysts are pleased as Golden Minerals has announced..

Golden Minerals has announced sale of Velardea assets!
AUMN has entered into an agreement with a privately held Mexican company to sell its Velardea assets for US$5.5M.

FRC analysts are pleased with this development as their previous fair value estimate did not account for any value on these asses.
Earlier this year, AUMN had ceased production at Velardea due to initial production results not meeting management expectations.

Factoring in this deal, AUMN has US$8M in working capital vs US$7.5M in MCAP, implying that shares are trading below liquid assets. Additionally, the market seems.... Continue reading this here:https://www.researchfrc.com/content/analyst-ideas/post/83/us-outlook-a-limited-time-opportunity-in-the-junior-gold-space