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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

Comment by checkmate28on Mar 30, 2023 11:28am
168 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. 

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