Golden Minerals Co

Golden Minerals is a precious metals producer with operations in Mexico and Argentina. The company is focused on increasing production and exploration success. Golden Minerals currently produces gold and silver from its Rodeo open pit mine in Mexico, which has generated positive net operating margin since 2021. 

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A key project is the past-producing Velardeña properties in Mexico, which contain over 200,000 ounces of gold and 13 million ounces of silver in measured and indicated resources. Golden Minerals is evaluating plans to potentially restart production at Velardeña in 2023 based on improved economics from new concentrate sale terms. The company also sees resource expansion potential at its Yoquivo silver-gold project in Mexico and its El Quevar silver project in Argentina.

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Golden Minerals ended Q1 2022 with $2 million in cash. Near-term catalysts include advancing plans to restart Velardeña, expanding resources at Yoquivo through additional drilling, and further exploration at El Quevar under an earn-in agreement with Barrick Gold. With production from Rodeo and plans to resume mining at Velardeña, Golden Minerals aims to continue growing as a profitable precious metals producer.

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In summary, Golden Minerals offers investors exposure to cash-flowing production, resource expansion potential, and exploration upside in mining-friendly Latin American jurisdictions. Execution on its operating and growth strategies could provide catalysts for the share price.