AUMN - Golden Minerals: A Strong Finish To The Year

• Golden Minerals released its preliminary Q4 and FY2021 results last week, reporting record production of 5,028 gold-equivalent ounces, a 2% increase on a sequential basis.
• This helped to push annual production for both gold and silver above the company's guidance mid-points, an impressive feat given continued COVID-19 related headwinds sector-wide.
• Looking ahead, the company hopes to shed its single-asset producer status, with the goal of bringing its Velardena Mine back into production by 2023.
• With Golden Minerals trading at a market cap of less than $80 million with multiple projects and one mine, it remains reasonably valued, but I think there are more attractive ways to play the sector.

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