Golden Minerals (AUMN) - Aiming to Restart Mexican Gold-Silver Mine

Interview with Warren Rehn, President & CEO of Golden Minerals Co. (TSX/NYSE: AUMN)
Recording date: 6th June 2023
Our previous interview: • Golden Minerals (AUMN)...
Golden Minerals is a mining company led by Warren Rehn, President & CEO. The company is primarily engaged in gold production in Mexico and is preparing to restart operations at the Velardeña gold-silver mine. They also have interests in exploration projects in both Mexico and Argentina.
In the past, Golden Minerals faced challenges in terms of cash flow and funding due to market fluctuations and changes in the mining law in Mexico. However, they are actively working to overcome these challenges and secure the necessary funding to move their projects forward.
The company aims to raise funds through equity markets and asset sales. They are focused on protecting the rights of shareholders and utilizing legal means to continue their operations and exploration activities.
0:00 - Company overview
0:43 - Overview of the company’s situation in the last 10 months
4:12 - Projected time of the Mexican Supreme Court’s Decision
5:19 - Resource headlines of Yoquivo
5:49 - Factors considered at Rodeo and geological modeling
8:40 - Perspective on the diesel price in Mexico
9:38 - Updates at the Velardeña Project
11:51 - Changes in the concentrate market
14:09 - Estimated cost of an ore ton
16:19 - Requirements to accelerate the company’s growth
19:29 - Optionality in raising capital in Q3
23:04 - Projected newsflow for the rest of 2023
25:59 - Outro
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[@josepha9313]

You're much better off not putting money into these companies.