Golden Minerals (AUMN) - Generating Cash Flow to Fund Development
Matthew Gordon, Ptolemy Capital
7 Months ago
Golden Minerals is a multinational player, with gold-silver projects in Mexico, Argentina and the US. There are 3 core projects: Velardeña, El Quevar, and Rodeo. Velardeña is definitely the flagship but bringing the small (2-year life-of-mine) but economic Rodeo into production will give the company the cash it needs to develop Velardeña. Developing Rodeo has been a rather protracted process, with issues resolving metallurgy, but now it looks like Golden Minerals could be primed to pull the trigger. The cash flow doesn't end there; the company smartly opted to lease out an oxide mill at Velardeña for the last 4-years or so, and an earn-in agreement at El Quevar with Barrick Gold was signed in April; that one will be a little longer in the making.
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.