Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by checkmate28on Mar 30, 2023 11:28am
180 Views
Post# 35369262

RE:What can they do without selling Yoquivo or El Quevar?

RE:What can they do without selling Yoquivo or El Quevar?GoldInsect777  I share your concerns.   Couple other possibilities. They got back the Santa Maria Project last month. Possibly they can sell or re-option that.

There is a year and half lower grade ore on surface at Rodeo that will become  profitable at higher gold prices.

 I was thinking that 
Yoquivo was looking promising, concidering the new maiden resource plus upside. Possibly they will focus here and go this on their own or divest as you said while they wait for higher metal prices.  This would be much larger than Rodeo and not very costly to build.  

   The problem with Velerdena is the increased cost of building the BioOx plant whos inflation far outpaced the increase in Silver price... $28+ silver might be the solution here

 On December 4, 2020, Golden & Fabled Silver Gold Corp. entered into an option agreement under which Fabled would have acquired a 100% interest in the Santa Maria property by paying $4M in cash and issuing shares to Golden Minerals over a period of several years.

In February 2023, the agreement was terminated after Fabled did not make a scheduled payment on January 31, 2023. We have now taken the property back as allowed under the terms of the agreement.

 Waiting for the new presentation that is being updated now. 

<< Previous
Bullboard Posts
Next >>