Golden Minerals Co (A:AUMN)
Business Focus: Silver Mining
| Sector: Basic Materials | Industry: Precious Metals & Minerals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 350 Indiana Street, Suite 650 GOLDEN CO 80401 |
| Tel: | N/A |
| Website: | https://www.goldenminerals.com |
| IR: | See website |
| Key People | ||
| Warren M. Rehn President, Chief Executive Officer, Director | Julie Z. Weedman Chief Financial Officer, Senior Vice President, Corporate Secretary | Pablo Castanos Executive Vice President |
| Business Overview |
| Golden Minerals Company is a precious metals mining exploration company. The Company is primarily focused on advancing its Yoquivo property in Mexico and, through partner-funded exploration, advancing its El Quevar silver property in Argentina. It is also focused on acquiring and advancing selected mining properties in Mexico, Nevada and Argentina. The Yoquivo Project is located 210 km west-southwest of the city of Chihuahua, in Ocampo Municipality, Chihuahua State. The Yoquivo Project consists of approximately seven mining concessions with an area totaling about 1,975 hectares (Ha). The El Quevar silver exploration project is located in the San Antonio de los Cobres municipality, Salta Province, in the altiplano region of northwestern Argentina. The El Quevar project is comprised of approximately 31 mining concessions that it holds directly or indirectly through its wholly owned subsidiaries. In total, the El Quevar project encompasses approximately 57,000 Ha. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Golden Minerals Co revenues decreased 48% to $12M. Net loss decreased 7% to $9.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Exploration expense decrease of 65% to $3.4M (expense), Other operating income & (expenses), net increase of 43% to $2.3M (income). |
| Employees: | 194 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4.94M as of Dec 31, 2023 |
| Annual revenue (TTM): | $12.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$8.53M as of Dec 31, 2023 |
| Net annual income (TTM): | -$9.23M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$9.91M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 14,573,252 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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