AUMN Reflections

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

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Silverbull50

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AUMN Reflections

posted on Feb 01, 2021 03:28PM

I suspect that the last of the remaining warrant holders cashed in their position today. If a few weeks when AUMN reports earnings, we will learn how many wts were liquidated in Q4. After today I can't imagine there are many left and those sellers were probably responsible for a lot of the pressure this afternoon. The good news is that AUMN receives additional cash for every exercised wt, important as we insist that management not to issue any more stock for a very long time.

The good news on the Rodeo pour was the announcement that "additional gold pours are planned for early Feb., and that they will increase daily tonnage from 200 to 450 tpd by March. The production of 150K gold eq. ounces is probably healthy, too.