Golden Minerals Company (TSX and NYSE American: AUMN) is a Colorado-based precious metals junior gold-silver producer with a pipeline of exploration projects 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 Mexico, Argentina and Nevada (USA). We own or control a portfolio of precious metals projects -- including the Velardeña Properties and Rodeo gold open pit mine in Durango State, Mexico; El Quevar, an advanced exploration silver project with district potential located in the Salta province of Argentina; the Yoquivo gold-silver district-scale project in Chihuahua, Mexico; the Sand Canyon gold-silver project in northwestern Nevada; and additional projects located within the traditional silver-producing areas of Mexico.
In January 2021, we successfully transitioned from exploration company to gold-silver producer with the commencement of gold production at our Rodeo project in Durango State, Mexico. Rodeo is a highly profitable open pit project that is expected to generate (according to its April 1, 2020 Preliminary Economic Assessment) $25+ million in free cash flow that can be used in part to self-finance a startup of production at the larger silver/gold Velardeña Properties (also in Durango State, Mexico). We are also conducting bulk sample and planning work at Velardeña, where we intend to begin production potentially in 2022, using bio-oxidation technology for the processing of pyrite concentrates for gold recovery. This technology is expected to provide superior gold recovery rates that will in turn result in operations with enhanced profitability. No development decision has yet been made regarding a potential restart of the Velardeña mines.
We are led by a team of accomplished and driven management and directors whose decades of multi-faceted experience -- encompassing areas including mining exploration, development, operations and accounting -- combine to provide strong strategic direction for the company. Our team is united in working toward realizing Golden’s vision.
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.