Gold$2,045.30+0.52%
Silver$23.84-0.18%
Copper$3.85+1.23%
Platinum$912.40-0.33%
Iron Ore$118.50+2.14%
Nickel$16,892-0.89%
Golden Minerals Company logo

Golden Minerals Company

AUMNSmall CapSilver

Price History

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About Golden Minerals Company

Golden Minerals Company (AUMN) is a silver mining company. Our project database tracks 8 projects for Golden Minerals Company with technical and economic data extracted from company filings. Its flagship Velardeña Project (PEA) carries an after-tax NPV of $88M and an IRR of 860.7% over a 10.5-year mine life.

Golden Minerals Company is operating the Rodeo mine and developing Velardena silver-gold-zinc-lead properties in Mexico. The company produces multiple metals from established mining operations in Mexico.

Primary Commodities

Silver

Project Economics

Sand Canyon

Gold, Silver· Nevada, USA· Exploration
Ownership60%
Royalties / Streams
Option to earn 60% exercised; JV documents being finalized

Sarita Este / Desierto

Gold, Copper· Salta, Argentina· Exploration
Head Grade0.58 g/t Au
Ownership51%
Contained Metal290 koz Au
Royalties / Streams
Sarita Este: 51% and operator of JV; Desierto I & II: operator and 67% control, no formal JV executed

Velardeña Project

Silver-Gold-Lead-Zinc (polymetallic)· Velardeña, Durango State, Mexico· Development
PEA
Aug 2023
NPV (After-Tax) @ 8%$88M
IRR (After-Tax)860.7%
Initial Capex$7M
Mine Life10.5 yrs
Mine TypeUnderground
Ownership100%
Contained Metal221,900 koz Au (Inferred All)
Mineral Reserves
Mineral Reserves have not been estimated for the Velardeña Project.
Mineral Resources
Measured + Indicated (All): 955,100 t at 378 g/t Ag, 5.74 g/t Au, 1.69% Pb, 2.08% Zn (11,598,700 oz Ag, 176,300 oz Au, 24,770,700 lb Pb, 30,479,400 lb Zn); Inferred (All): 1,329,300 t at 430 g/t Ag, 5.19 g/t Au, 1.81% Pb, 2.26% Zn (18,393,700 oz Ag, 221,900 oz Au, 42,294,600 lb Pb, 52,697,800 lb Zn). NSR cutoff $195.

Velardeña Project – MI Scenario

Silver-Gold-Lead-Zinc (polymetallic)· Durango State, Mexico· Advanced Development / Care & Maintenance
PEA
Aug 2023
NPV (After-Tax) @ 8%$52M
IRR (After-Tax)1,266.8%
Initial Capex$5M
Mine Life4.5 yrs
Mine TypeUnderground
Ownership100%
Mineral Reserves
Mineral Reserves have not been estimated for the Velardeña Project.

Yoquivo Project

Gold-Silver· Ocampo Municipality, Chihuahua State, Mexico· Exploration
Resource Estimate
Feb 2023
Head Grade410 g/t Ag, 2.1 g/t Au (total Inferred), 570 g/t AgEq
Recovery85%
Mine TypeUnderground (traditional cut-and-fill assumed)
Ownership100%
Contained Metal17,230 koz AgEq
Mineral Resources
Inferred: 937,000 t @ 410 g/t Ag, 2.1 g/t Au, 570 g/t AgEq containing 12,300 koz Ag, 64 koz Au, 17,230 koz AgEq
Royalties / Streams
Gold and silver royalty of 2%

Rodeo Project

Gold· Rodeo, Durango, Mexico· Production
PEA
Dec 2022
Mine Life0.5 yrs
Annual Production1,800 tpd total movement
Head Grade1.0 g/t Au cutoff stockpiling; 1.45 g/t Au cutoff processing
Mine TypeOpen-pit
Mineral Reserves
Mineral Reserves have not been estimated for the Rodeo Project.
Mineral Resources
Low-Grade (Stockpile) M&I: 91,000 t at 1.20 g/t Au (3,500 oz Au) and 10.83 g/t Ag (31,700 oz Ag); High-Grade M&I: 106,300 t at 2.66 g/t Au (9,100 oz Au) and 16.45 g/t Ag (56,200 oz Ag)
Royalties / Streams
La Cuesta 2% NSR royalty, reduces to 1% once five million dollars have been paid

Velardeña Project (MI Plan)

Silver-Gold-Lead-Zinc (polymetallic)· Durango State, Mexico· Development
PEA
Mar 2022
NPV (Pre-Tax)$48M
IRR (After-Tax)101%
Initial Capex$18M
Mine Life4 yrs
Mine TypeUnderground
Ownership100%

Sarita Este/Desierto I & II

Gold· Salta, Argentina· Exploration
Resource Estimate
Ownership67%
Contained Metal289 koz Au
Mineral Resources
289K oz Au @ 0.58 g/t (Sico zone, near surface oxidized epithermal gold mineralization, Sarita Este)

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Rodeo Project

25 studies on record
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
Capex $0M
PEA
Oct 2021
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Mar 2022
$23M
Capex $0M
PEA
Dec 2022

Velardeña Project

27 studies on record
PEA
Mar 2022
$119M
IRR 114% · Capex $21M
PEA
Mar 2022
$119M
IRR 114% · Capex $21M
PEA
Mar 2022
$119M
IRR 114% · Capex $21M
PEA
Aug 2023
$88M(-26%)
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7%
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7%
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7%
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M
PEA
Aug 2023
PEA
Aug 2023
$88M
IRR 860.7% · Capex $7M

Yoquivo Project

24 studies on record
Resource Estimate
Feb 2023
Resource Estimate
Feb 2023
Resource Estimate
Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
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Feb 2023
Resource Estimate
Feb 2023

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Frequently Asked Questions

What does Golden Minerals Company mine?
Golden Minerals Company is focused on Silver.
What is the economic value of Golden Minerals Company's Velardeña Project?
According to its PEA, Velardeña Project has an after-tax NPV of $88M and an IRR of 860.7%.
How many projects does Golden Minerals Company have?
We track 8 projects with extracted technical and economic data for Golden Minerals Company.

Project Analysis

Quick Facts

Ticker Symbol
AUMN
Market Cap
Small Cap
Category
Silver
Commodities
Silver

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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