Golden Minerals: Ready for a golden era from developer to producer
Golden Minerals (NYSEAMERICAN:AUMN) (TSX:AUMN) is analysed by Proactive Mining analyst Ryan Long who says the company has made a transition from developer to producer, and is currently ramping up production levels at its open pit Rodeo Gold-Silver Mine, located in Durango State, Mexico.
Long says at present Rodeo has a short mine life, of 2.5 years, but with a 2,000 drill programme currently underway, testing near-surface targets located immediately adjacent to the current open pit, Golden Minerals is confident that the mine life will be expanded.
Quick facts: Golden Minerals Company
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Golden Minerals right on target with 1Q gold production, on track to increase threefold for 2Q
Golden Minerals Company (NYSEAMERICAN:AUMN) (TSE:AUMN) (FRA:7GB) CEO Warren Rehn tells Proactive the Colorado-based group right on target with 1Q gold production from its Mexican operations, and is on track to increase threefold for 2Q, and meet its annual production guidance for 202. Rehn says it produced 1,559 gold equivalent ounces and sold 1,054 ounces in the first quarter ended March 31, 2021, from its Rodeo mine. Those figures put Golden Minerals on pace for annual production of 12,000 to 14,000 ounces of gold in 2021.
Quick facts: Golden Minerals Company