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Golden Minerals Ord Shs T.AUMN

Alternate Symbol(s):  AUMN

Golden Minerals Company is a precious metals mining exploration company based in Golden, Colorado. The Company holds silver-gold projects located in Mexico, Nevada and Argentina. The Company’s projects include Sarita Este, Sand Canyon, and Rodeo Property. Sarita Este is a gold-silver-copper exploration project located in northwest Salta Province, Argentina, near First Quantum’s Taca Taca project. Sarita Este sits at elevations between 3,550-3,750 meters above sea level. It holds an option to acquire 51% of the Sarita Este concession from Cascadero Minerals Corporation. Sand Canyon is an exploration-stage, gold-silver project located in proximity to the historic Sleeper Mine in northwestern Nevada. It consists of about 526 claims totaling approximately 16 square miles. Rodeo is located two kilometers (km) east of the town of Rodeo in Durango State, Mexico. It owns the Rodeo and Rodeo 2 claims covering 1,866 hectares of land.


TSX:AUMN - Post by User

Bullboard Posts
Comment by chalkmarkson Sep 26, 2011 10:01am
191 Views
Post# 19083433

RE: VALUE ISSUE

RE: VALUE ISSUEI 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.
Bullboard Posts