See very recent press release on Sept 10 for update on present property discussions and activity, here is the last 2 paragraphs below. The stock selling pattern today for AUMN on AMEX remained as it has been lately (actually a little more intense today) with about 148,000 shares sold in the last hour out of a total of 348,000 for the whole day. For sure someone or some hedge fund has been gunning for the $1 mark close now for days.

From latest news release:

The company has previously communicated its interest in securing a partner with which to advance its El Quevar property, an advanced exploration-stage silver project located in the Salta province of Argentina. Several interested companies have reviewed El Quevar's project data to date. An additional site visit is scheduled at El Quevar during the month of September, 2013. Golden Minerals continues to look for ways to reduce expenses and is pleased to announce it is on target to achieve a 25-per-cent reduction in the annual run rate of its general and administrative expenses. Cuts have been made to a variety of areas including executive compensation, employee count, auditing fees, insurance expenses, travel, and other consulting and outside service expenses. Some of the reductions take effect as current contracts and leases expire, such that 2013 general and administrative expenses are expected to be approximately 7 to 10 per cent less than 2012 expenses, and 2014 general and administrative expenses are anticipated to be approximately 25 per cent less than 2012 levels.

In exploration property updates, the company signed an option agreement to acquire the Los Azules property in Chihuahua state, Mexico, in June, 2013. Since June the company has conducted surface and underground sampling, and geologic mapping, and has identified exploration drill targets that will be tested with drilling from underground drill stations. Currently the company is rehabilitating underground workings to prepare for the start of a 1,600-metre drill program planned for October, 2013. Separately, the company has farmed out properties totalling 19,500 hectares in Mexico with retained royalties of between 1.75 per cent and 2.0 per cent of net smelter return. The company continues to negotiate and explore possibilities for additional farm-outs in Mexico and Argentina. "The company is making progress toward charting its future," said Jeffrey G. Clevenger, chairman, president and chief executive officer of the company. "We continue to move forward with developing Velardena's production restart plans under a more efficient and productive work environment. We are aggressively looking for supplemental feed for the Velardena oxide plant as the sulphide content of the ore increases over time at that property. Be assured we are making every effort to move the company forward."