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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 holds a 100% interest in the Rodeo property in Durango State, Mexico (the Rodeo Property), a 100% interest in the Velardena oxide processing plant and related water wells in the state of Durango, Mexico (the Velardena Properties) which are subject to a purchase agreement with a private Mexican entity, and a diversified portfolio of precious metals and other mineral exploration properties located primarily in or near historical precious metals producing regions of Mexico, Argentina and Nevada. The Velardena Properties, and the Yoquivo exploration property in Mexico, are the Company’s only material properties. 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).


TSX:AUMN - Post by User

Bullboard Posts
Post by pierre013on Aug 28, 2013 6:56pm
519 Views
Post# 21704747

My 2 cents

My 2 centsAUM management took a good decision to stop production. When you lose money, it's better to close the valve. On the other hand, they had some technical problems to recover the ore, so it will give some time to engineers and maintenance staff to work on these ones. Probably when the silver price will come back around 30 bucks, the mine will be reopened with a potential for more production.
If the price of silver goes ballistic like some predict on KWN and Kitco, AUM will start running like a rabbit. So I think some patience is needed here.
Bullboard Posts