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Golden Minerals Reports Full Year 2020 Results
Golden Minerals CompanyFebruary 18, 2021 GMT
GOLDEN, Colo., Feb. 18, 2021 (GLOBE NEWSWIRE) Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE American and TSX: AUMN) has today announced financial results and a business summary for the full fiscal year ending December 31, 2020. All figures are in approximate U.S. dollars.
Financial Highlights
$9.7 million cash and equivalents balance as of December 31, 2020, compared to $4.6 million on December 31, 2019.
$5.6 million revenue for 2020, compared to $7.7 million in (full year) 2019 related to the lease of the Company’s oxide plant at the Velardeña Properties to Hecla Mining Company (“Hecla”), through the lease’s termination on November 30, 2020.
Article content
GOLDEN, Colo., Feb. 01, 2021 (GLOBE NEWSWIRE) Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to report the first gold pour from its Rodeo gold project in Durango State, Mexico. The pour occurred on January 30, 2021, on schedule and roughly three weeks after the first loads of material were trucked from the Rodeo site to the Company’s Velardeña oxide plant for processing. The first pour produced approximately 150 gold equivalent ounces. Additional gold pours are planned for early February.
“This first pour represents a tremendous milestone for Golden Minerals. Not only have we brought Rodeo online amidst the many challenges presented by Covid-19, but we have brought it to production both on time and on budget. I’d like to extend my heartfelt thanks to all our employees and business partners who helped us achieve this milestone,” said Warren Rehn, President and Chief Executive Offi