AUMN - Golden Minerals: Q1 Revenue Soars With Rodeo Now In Production
- Golden Minerals released its Q1 results earlier this month, reporting its first quarter of gold production from its Rodeo Project in Durango State, Mexico.
- The company produced 1,550 gold-equivalent ounces in the period and generated $1.8 million in revenue, a 48% increase from the year-ago period.
- Looking ahead to the remainder of the year, production should ramp up considerably, with throughput now at full capacity at the Velardena Plant.
- While Golden Minerals appears cheap at a ~$125 million market cap as a producer, I see better value elsewhere in the junior producer space.
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Golden Minerals: Q1 Revenue Soars With Rodeo Now In Production