Golden Minerals Ord Shs T.AUMN

Alternate Symbol(s): 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-southwest of the city of Chihuahua, in Ocampo Municipality, Chihuahua State. The Yoquivo Project consists of approximately seven mining concessions with an area totaling about 1,975 hectares (Ha). The El Quevar silver exploration project is located in the San Antonio de los Cobres municipality, Salta Province, in the altiplano region of northwestern Argentina. The El Quevar project is comprised of approximately 31 mining concessions that it holds directly or indirectly through its wholly owned subsidiaries. In total, the El Quevar project encompasses approximately 57,000 Ha.

TSX:AUMN - Post by User

Golden Minerals Ord Shs

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Comment by chalkmarkson Sep 26, 2011 10:01am

188 Views

Post# 19083433

RE: VALUE ISSUE

I assume this post comes with an irony alert!

In any event, according to some frequent posters here, the decline in AUM market value is caused by a plot among insiders to impoverish themselves. This seems less than likely to me, but I don't have the benefit of being a long-time shareholder of ECU, which apparently attracted a motley crew of wishful dreamers and magical thinkers.

Judging from their career achievements of the founding AUM group, we have every reason to believe that management can upgrade Mexican operations successfully and complete the mining plan for El Quevar.

Returning to the theme - yes, this price drop is typical of the sector.

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