Agoracom: Small Cap Investment - Golden Minerals Company - Jay Taylor, - "AUM is my number-one silver stock pick for 2012." (12/31/11)

Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Jay Taylor, - "AUM is my number-one silver stock pick for 2012." (12/31/11)

posted on Jan 10, 2012 10:37AM

January 10, 2012

http://www.theaureport.com/pub/co/763

Golden Minerals Company

TICKER: AUM:TSX; AUMN:NYSE.A

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Golden Minerals Company is a junior silver producer with a strong growth profile. The company is focused on the ramp-up and expansion of existing production at the Velardeña Mining District in Mexico, which contains a significant high-grade silver and gold resource with … read moreassociated base metals. It remains open laterally and at depth. Golden Minerals also has a robust portfolio of exploration projects, including the project-evaluation stage El Quevar project in the Salta province in northwestern Argentina and the advanced-drilling stage project in Zacatecas, Mexico. The company's experienced management team has proven ability to explore, develop and operate mining projects. hide

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Jay Taylor, Gold, Energy & Tech Stocks(12/31/11) "Golden Minerals Company is in production and has a strong operating team that can be counted on to improve operations and produce efficiently going forward. Total resources (all categories) are as follows: 212 Moz silver, 2.1 Moz gold, slightly over 1 Blb lead and 1.2 Blb zinc. On a valuation basis, this looks like one of the least expensive new silver-gold producers, despite the fact that it has this very significant resource base, a very strong and proven management team and a very solid balance sheet with more than ample cash and no debt. For all of the above reasons, I am ranking this my number one silver stock pick for 2012."

Jay Taylor, Gold, Energy & Tech Stocks(12/16/11) "World-class silver properties in Latin America and loads of cash make Golden Minerals Company not only a likely survivor, but also a household name over the longer term; with $33M in working capital and another $30.6M raised on Oct. 3 at $7.44/share, the company is sitting pretty. This remains a favorite, but as with all exploration and development companies, considerable patience is required."

Wayne Atwell, Rodman & Renshaw (12/12/11) "We believe Golden Minerals Company could produce 7+ Moz silver annually by 2016. . .the company acquired ECU Silver Mining in September 2011, which increased its silver resource 4.6x to 279 Moz accompanied by 2 Moz gold. . .it has a strong balance sheet with approximately $60M in cash and no debt. . .we are initiating coverage on Golden Minerals with a Market Outperform/Speculative Risk rating and a $13.63/share price target."

Daniel Earle, TD Newcrest (11/17/11) "Golden Minerals Company is expanding the small-scale production from the Velardena project it acquired through a merger with ECU Silver Mining Inc. in September; at the same time, the company is working to complete a preliminary economic assessment on a major expansion, scaled for the large resource base that exists there: 152 Moz silver, 2.1 Moz gold, and 2 Blb lead and zinc. . .Golden Minerals is also advancing its high grade El Quevar silver project in Salta Province, Argentina. We are initiating coverage of Golden Minerals with a Speculative Buy rating and a $14/share target price."

Nicholas Campbell, Canaccord Genuity (10/16/11) "We are maintaining our Speculative Buy recommendation on the shares of Golden Minerals Company. . .the company has one of the most aggressive silver growth profiles in the junior silver space. We estimate that Golden Minerals could produce 8.5 Moz. silver equivalent by 2015."