Golden Minerals Provides Exploration Properties And Velardena Update
Original announcement by tmx on
- Company
- Golden Minerals Company
- Ticker
- AUMN
- Exchange
- TSX
- Region
- Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Metallurgy, Drill results, Resource update
- Extracted
- 2026-08-24 23:16:09 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Golden Minerals provided an update on its Santa Maria and Rodeo projects, noting ongoing metallurgical testing at Santa Maria and the completion of a 2,080-meter drill program at Rodeo. The company also confirmed the continued performance of its Velardena oxide mill lease to Hecla Mining, expecting $4.5 million in net cash for 2016.
Reasoning: The company is advancing multiple projects through metallurgical testing and drilling, with upcoming resource estimates and a PEA expected in Q1 2017.
Positive factors
- ongoing metallurgical testing
- encouraging drill results at Rodeo
- stable lease income from Velardena
Negative factors
- relatively low gold recovery in previous bulk samples (50%)
Facts used in scoring: 2
Classification and evidence
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical results are based on 7,500 tons of bulk samples processed at a third-party mill, representing preliminary testing.
Evidence · text
“Metallurgical recoveries at the third party sulfide flotation mill used to process the Company's 7,500 tons of bulk samples”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Metallurgical Results (2)
flotationSanta Maria · silverRecovery: 73 %View all detailsHide details
Identity
- Project
- Santa Maria
- Commodity
- silver
- Region
- mexico
- Reported Region
- Chihuahua, Mexico
- Ticker
- AUMN
Test Work
- Test Type
- flotation
- Processing Route
- sulfide flotation mill
- Sample
- 7,500 tons of bulk samples from Santa Maria (partially oxidized sulfide vein material)
Recovery
- Recovery
- 73 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2016-12-16T00:00:00.000Z
Reasoning: 73% silver recovery from partially oxidized material is a baseline for upcoming tests.
Evidence · text
“Metallurgical recoveries at the third party sulfide flotation mill used to process the Company's 7,500 tons of bulk samples averaged approximately 73 percent for silver”
flotationSanta Maria · goldRecovery: 50 %View all detailsHide details
Identity
- Project
- Santa Maria
- Commodity
- gold
- Region
- mexico
- Reported Region
- Chihuahua, Mexico
- Ticker
- AUMN
Test Work
- Test Type
- flotation
- Processing Route
- sulfide flotation mill
- Sample
- 7,500 tons of bulk samples from Santa Maria (partially oxidized sulfide vein material)
Recovery
- Recovery
- 50 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2016-12-16T00:00:00.000Z
Reasoning: 50% gold recovery is relatively low, though the company expects improvement with less oxidized material.
Negative factors
- low recovery
Evidence · text
“averaged approximately 73 percent for silver and 50 percent for gold from partially oxidized sulfide vein material”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.