Golden Minerals Company
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in mil. unless spec.Company Description
- CEO
- David Harold Watkins
- Full Time Employees
- 3
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 1312 17th St. Denver CO United States of America 80202
- IPO Date
- May 7, 2009
- CIK
- 0001011509
- Website
- goldenminerals.com
- Similar Companies
- Business
- Golden Minerals Company engages primarily in the exploration and development of precious metals properties, with a focus on gold and silver. The company’s core products and services include exploration and evaluation of mineral properties containing precious metals such as gold, silver, zinc, and lead. It holds interests in mineral assets in Mexico and Argentina, including the Rodeo gold mine in Durango State, Mexico, and exploration projects in Argentina's Puna region. The company targets mining companies and investors interested in precious metals exploration and development and operates primarily in Mexico and Argentina. Founded in 1948 and headquartered in Denver, Colorado, Golden Minerals structures its business around advancing exploration properties toward production or sale. Recently, Golden Minerals has undertaken significant strategic changes, including the sale of key assets to refocus its operations. In 2025, the company completed the sale of its Velardeña properties, including oxide processing plants and water wells, for approximately US$3.0 million, fully divesting from these operations to concentrate on exploration projects like the Desierto project in Argentina. It also sold its Yoquivo gold-silver project in Mexico and its Mexican subsidiary Minera de Cordilleras to private companies in transactions concluded during 2024-2025. The company is actively pursuing a Phase I drilling program at Desierto and is exploring joint venture opportunities. Golden Minerals has communicated a going concern warning due to limited cash reserves, expecting potential cash exhaustion by early 2026 absent new financing or asset sales. The company is exploring strategic alternatives, including potential sale of assets or the whole company to address liquidity risks. These shifts mark a transition from asset ownership and processing toward a leaner exploration-focused business model. Golden Minerals operates within the precious metals mining and exploration industry, concentrating on identifying and advancing mineral resources primarily in Latin America for future production. It is listed on the OTCQB and TSX under the ticker AUMN. The company maintains a zero-debt position while managing operational costs and funding its exploration activities primarily through asset sales and potential external financing. Its ongoing efforts reflect a strategic repositioning towards growth through exploration, partnerships, and possibly corporate transactions to strengthen its financial position and project pipeline.
Company News
Golden Minerals Commences Drilling at its Desierto Property, Argentina
Golden Minerals Company Announces New Management Appointments and Resignation of Mr. Pablo Castanos
Golden Minerals Announces Management Change and Argentine Project Update
Golden Minerals Announces Formation of Sand Canyon Joint Venture
Golden Minerals Reports Second Quarter 2026 Financial Results
Golden Minerals (NYSE:AUMN) Shares Up 6.7% – Should You Buy?
Golden Minerals Company Announces Results of Director Elections at 2026 Annual Meeting
Golden Minerals Announces Closing of Equity Financing
Golden Minerals Reports First Quarter 2026 Financial Results
Golden Minerals Announces Sale of Minera William, S.A. de C.V. and Equity Financing
Golden Minerals Reports Full Year 2025 Results
Golden Minerals (NYSE:AUMN) Shares Down 0.6% – Time to Sell?
Golden Minerals Company Substantially Reduces Liabilities in Mexico
Golden Minerals Reports Third Quarter 2025 Financial Results
Golden Minerals Announces Completion of Sale of Velardeña Properties
Golden Minerals Reports Second Quarter 2025 Financial Results
Golden Minerals Company Announces Results of Director Elections at 2025 Annual Meeting
Golden Minerals Company Announces New Chief Financial Officer
Golden Minerals Reports First Quarter 2025 Financial Results
Golden Minerals Reports Full Year 2024 Results