Golden Minerals Company today announced it has begun mining activities at its Rodeo gold project located in Durango State, Mexico. Blasting at the open-pit gold operation began last week. Initial blastholes were drilled on the 1460 bench in an area that includes outcropping mill-grade gold mineralization and thin overburden material. 48 holes were drilled and blasted in the first pattern. During the next few weeks, the [...]
Golden Minerals Company is pleased to announce it has completed a 3,400-meter, 15-hole drill campaign at its Yoquivo gold-silver district-scale property in Chihuahua, Mexico. Yoquivo covers a large, low-sulfidation epithermal vein system with limited historic production. The Company has identified four separate vein systems in which surface sampling has returned grades up to 4,050 g/t silver and 27.7 g/t gold from [...]
Golden Minerals Company is pleased to announce it has received final environmental permits for its Rodeo gold-silver project located in Durango State, Mexico. The Company is presently on track to begin gold production in January 2021, which will mark the transition of Golden Minerals to gold producer from precious metals exploration company. President and Chief Executive Officer of Golden Minerals, Warren Rehn, notes [...]
Golden Minerals Company today announced financial results and a business summary for the quarter ending September 30, 2020. Third Quarter Summary Financial Results Revenue of $2.1 million and a net operating margin of $1.6 million related to the lease of the Company’s oxide plant to Hecla Mining Co. in the third quarter 2020, compared to a $1.4 million net operating margin realized in the third quarter 2019 Cash and cash [...]
Golden Minerals Company today announced it has received final assays from its resource definition drill program at the Rodeo gold-silver project located in Durango State, Mexico. Assay results from the final 14 holes of the 35 holes drilled in the 1400-meter drill program show continued wide zones of high-grade near-surface gold mineralization. Drill hole depths averaged 40 meters. Orientations of drill holes are shown in [...]
Golden Minerals Company today announced it has received a second set of assay results from its resource definition drill program at the Rodeo gold-silver project located in Durango State, Mexico. Assay results from an additional 11 diamond drill holes show wide zones of high-grade near-surface gold mineralization. Mineralized material consists of highly silicified epithermal veins and breccias hosted in felsic volcanic [...]
Golden Minerals Company today announced it has received positive assay results from the first nine diamond drill holes of its in-fill resource definition drill program at the Rodeo gold-silver project located in Durango State, Mexico. Each of the first nine diamond drill holes intersected wide zones of near-surface gold mineralization. Drill hole depths averaged 50 meters and were drilled at a 60-degree angle to the [...]
Golden Minerals Company today announced financial results and a business summary for the quarter ending June 30, 2020. Second Quarter Summary Financial Results Revenue of $1.2 million and a net operating margin of $0.8 million related to the lease of the Company’s oxide plant in the second quarter 2020, compared to a $1.3 million net operating margin realized in the second quarter 2019. $3.7 million in funding received in [...]
Golden Minerals Company announced today the closing of its previously announced public underwritten offering of 20,535,714 shares of common stock of the Company, including the exercise in full by the underwriter of its option to purchase an additional 2,678,571 shares of common stock, at a price to the public of $0.42 per share. The gross proceeds to Golden from the offering, before deducting underwriting discounts and [...]
Golden Minerals Company announced today that, due to demand, the underwriter has agreed to increase the size of the previously announced offering and purchase on a firm commitment basis 17,857,143 shares of common stock of the Company, at a price to the public of $0.42 per share, less customary underwriting discounts and commissions. The closing of the offering is expected to occur on or about July 23, 2020, subject to [...]
Golden Minerals Company announced today that it has entered into an underwriting agreement with H.C. Wainwright & Co. under which the underwriter has agreed to purchase on a firm commitment basis 15,476,191 shares of common stock of the Company, at a price to the public of $0.42 per share, less customary underwriting discounts and commissions. The closing of the offering is expected to occur on or about July 23, 2020 [...]
Golden Minerals Company announced today that it has signed a letter of intent with Fabled Copper Corp. for a transaction that, if executed, would grant Fabled the option to acquire a 100% interest in Golden’s Santa Maria silver-gold project located in Chihuahua State, Mexico. In October 2019, Golden Minerals entered into a similar option agreement with Magellan Gold that gave Magellan a 150-day period in which to complete [...]
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