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Golden Minerals Ord Shs T.AUMN

Alternate Symbol(s):  AUMN

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

Post by GoldInsect777on Mar 28, 2023 10:33am
222 Views
Post# 35364478

What can they do without selling Yoquivo or El Quevar?

What can they do without selling Yoquivo or El Quevar?Assuming their number 1 priority is to get the Velardena mine up and running as soon as possible and that they are trying to keep dilution to a minimum, what other properties do they have that they've actually explored that another company will even want to buy? 

They stated in their Q3-Q4 2022 update that Velardena needed additional drilling done to replace an unsuitable vein - then why are the only drill results we've seen recently been for Yoquivo? Sounds to me like they are trying to juice up the resource estimate for Yoquivo to make it more attractive to a buyer. That would seem like a big value loss to anyone who invested in this company for the silver exploration potential. 
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