Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Golden Minerals Has Enormous Upside Potential

This article is about Golden Minerals (NYSEMKT:AUMN). In 2010 - 2011 Golden Minerals was flying high, trading above $20/share at one point. In June of 2011 the company purchased ECU Silver for roughly $300 million, and investors were under the impression that the company had a producing mine at Velardena with over 300 million silver equivalent ounces. However the company's fortunes quickly turned. When it had the Velardena NI 43-101 technical report updated the new results showed that the company had considerably less metal than it initially thought: less than 100 million ounces of silver overall, and about 68 million ounces of silver equivalents at Velardena. Seeing that the company still had ample silver to produce at Velardena...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details