Golden Minerals Company is a Colorado-based precious metals exploration and development company, focused primarily on projects in Mexico, Argentina and Nevada (USA), that offers investors leverage to silver and gold prices. We are revenue-generating through the lease of one of our mills to Hecla Mining Company.

Why Invest in Golden Minerals Company?


  • ~$4-5M operating margin from oxide mill lease in Mexico (2019); $3-4M expected in 2020


  • M&I resources:  79M oz AgEq1  
  • Inferred resources:  39M oz AgEq
  • Total resource:  1.1 AgEq oz in the ground per share of AUMN


  • El Quevar PEA $45M NPV (2018)2 
  • Santa Maria PEA  $10.6M NPV (2018)3
  • Velardeña mine & 300 tpd sulfide plant on stand-by


$4.6M (as of 12/31/2019) 


Argentina:  El Quevar
Mexico:  Velardeña, Rodeo, Yoquivo, Santa Maria, Mogotes, Flechas
USA:  Sand Canyon (Nevada)


Experienced management and directors; strong technical staff

1   Silver equivalents calculated using Ag:Au ratios of 74:1 (Santa Maria), 70:1 (Velardeña) and 72:1 (Rodeo)

 Amec Foster Wheeler E&C Services Inc., 9/4/2018. NPV @5% discount rate and $16.66/oz Ag. Resources per 2/26/18 NI 43-101 Report.

Tetra Tech, 9/14/2018. NPV calculated using 5% discount rate.


Capital Structure

Capital Structure as of February 28, 2020

Shares Issued & Outstanding  108.1M
    Warrant Shares  14.7
    Stock Options and Restricted Stock Units  2.3
    KELTIP Units 1 2.3
Fully Diluted Shares  127.3
Cash and Short-Term Investments 2  $4.6M

1 Key Employee Long Term Incentive Plan
2 As of December 31, 2019.

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