Category: Investor’s Corner

“This transaction has significantly enhanced our exposure to rising gold prices on attractive terms, most notably in the near term. We expect our growing production and declining costs to drive significant free cash flow growth in the years ahead. With the majority of the Argonaut hedge book now eliminated, we are even better positioned to capitalize on the favourable outlook for gold,” said John A. McCluskey, President and Chief Executive Officer.

Mr. Tenesch has primarily worked as a consultant in the mining industry in the area of project development. He has served as Process Manager for both custom gravity and flotation mills where he has specialized in flotation optimization.

Golden Minerals Company announces that, pursuant to certain asset purchase and sale agreements, dated April 29, 2024 the Company has received payment in full of $2,500,000 cash, plus Value Added Tax for the Velardeña Mine and associated facilities and title has been transferred to a privately held Mexican company.

Rodrigo Barbosa, Aura’s President and CEO commented, “We ended the first half of the year with 132,500 GEO (gold equivalent ounces) and anticipate a stronger second half, positioning us to deliver our guidance. We achieved a record-high LTM production this quarter, when measured at constant prices, and we expect continued growth as our Almas mine is now fully operational and other operations have stabilized.”

At June 30, 2024, Orla had cash of $154.3 million and total debt of $78.4 million, resulting in a net cash position of $75.9 million.

“ELG continues to deliver safe, strong operational results. With second quarter gold production of 113,822 oz and 229,316 oz through the first half of the year, we’re well on pace to deliver on production guidance for the sixth year in a row.”

Dale Andres, CEO of Gatos Silver, commented: “In the second quarter of 2024 the CLG mine delivered strong operational results, with record zinc production and the sixth consecutive quarterly record for mill throughput. Silver equivalent production for the quarter was 3.88 million ounces, an increase of 18% from the second quarter of 2023, and we continue to track at the top end of 2024 guidance.”

“Our safe, reliable and consistent production from operations has been key as capital expenditures increase at Terronera. As construction activities are beginning to peak, we have been implementing our business readiness strategy to smoothly transition into operations.” stated Dan Dickson, Chief Executive Officer. “We remain focused on the commissioning of the Terronera mine in Q4 2024 and production in 2025.”

Golden Minerals Company today announced that on July 2, 2024, the Company was notified by the NYSE American LLC that it was not in compliance with three of the NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide.

Gold equivalent production of 116,570 ounces; a 25 percent increase compared to Q2 2023 (93,454 oz Au Eq) and a 4 percent increase compared to Q1 2024 (112,543 oz Au Eq).