- Golden Minerals released its preliminary Q2 results last week, reporting quarterly production of ~3,600 gold-equivalent ounces, a more than 130% increase sequentially.
- The increased production was driven by a more than 100% increase in tonnes processed and higher grades, with gold grades up 20% to ~3.6 grams per tonne gold.
- While this should translate to a sharp increase in revenue and the company remains on track to meet guidance, Golden still looks fairly valued even after the recent drop.
- So, while the company should post a massive increase in revenue in FY2021 if it can meet guidance of ~13,500 gold-equivalent ounces, I see better opportunities elsewhere in the sector.
For further details see:
Golden Minerals Stock: Digging Into The Q2 Results