Someone asked about this awhile ago (sorry forgot who - froggie brain is soggy) and the following was reported today with a buy recommendation. (I found this on another board) Stock is up something like 24% to $19 and something:

Golden Minerals initiated with a Buy at Dahlman Rose; tgt $104 (15.53)2010-10-01T08:16:22 ET

Dahlman Rose initiates AUMN with a Buy and price target of $104 based on valuation and the positive impact of near-term catalysts. Firm says Golden Minerals offers investors exposure to a deep portfolio of exploration and development assets, rapidly moving forward toward asset definition and production.