Golden Minerals Company (TSX and NYSE American: AUMN) is a Colorado-based precious metals exploration and development company that offers investors leverage to silver and gold prices.
We seek to establish Golden Minerals Company as a premier mid-tier precious metals mining company, with efforts focused on properties in Argentina, Nevada (USA) and Mexico. We own or control a portfolio of roughly 12 precious metals projects -- including an advanced exploration silver project with district potential located in the Salta province of Argentina, the Sand Canyon gold-silver project in northwestern Nevada and multiple projects located within the traditional silver-producing areas of Mexico.
We have leased one of our two Mexican processing mills to Hecla Mining Company since mid-2015, and Hecla has secured the use of this facility through 2020. This arrangement continues to provide us with cash flow that in turn supports our exploration activities.
We are led by accomplished and driven management and directors whose decades of multi-faceted experience combine to provide strong strategic direction for the company. Our team is united in working toward realizing Golden’s vision.
In June 2019, the Company announced it had entered into an agreement to sell certain of its assets to Compañía Minera Autlán S.A.B. de C.V. (“Autlán”) for US$22.0 million. Upon execution of the agreement, Autlán paid Golden Minerals a deposit of US$1.5 million, which will be applied against the purchase price upon closing. The agreement provides for a period of up to 75 days for Autlán to conduct due diligence related to the assets, which include the Velardeña properties as well as the Santa Maria and Rodeo mining concessions.
We seek to execute our vision by:
SAFETY – We value the safety of all our team members, and we provide them with training and support to mitigate risks that are inherent to the industry.
TRANSPARENCY – We seek to be open and accountable to all our stakeholders, and to provide clear communications about our operations, policies and programs.
INTEGRITY – We behave ethically and honestly, and we respect the laws and customs of the areas in which we operate.
ENVIRONMENTAL STEWARDSHIP – We develop strong and mutually beneficial relationships with the communities in which we conduct business, and we take steps to both minimize our impact on the environment and maximize restoration of local ecosystems.
INCLUSION – We foster an environment of inclusion where all are welcome and encouraged to collaborate in order to achieve company goals.