AUMN - Golden Minerals: A Look At The Valuation After The Drop
- Golden Minerals has slid more than 40% from its highs following the frothy sentiment we saw in February in the silver space.
- This pullback has occurred despite the fact that the company remains on track to meet its guidance of ~13,000 ounces of gold production this year from its Rodeo Gold Project.
- At a current market cap of ~$122 million, Golden Minerals is valued at ~$3.58/oz based on solely measured & indicated ounces at Rodeo and Velardena.
- While this is not an unreasonable valuation for a junior producer, I see better value elsewhere in the sector.
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Golden Minerals: A Look At The Valuation After The Drop