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

Golden Minerals Is Not Out Of The Woods Yet, But Shares Remain Attractive For Silver Bulls

One of the best performing stocks that I follow year to date, and over the past month or so has been Golden Minerals (NYSEMKT:AUMN). The stock has nearly tripled for the year given a few factors.

  1. Silver and gold miners in general have been rising given their 2013 weakness and given the recent strength in the underlying metals.
  2. Golden Minerals had been especially depressed, as a confluence of events took the stock from over $20/share to $0.50/share.
  3. Golden Minerals announced that it would be restarting production at its flagship Velardena Project in Mexico on June 18th.

The shares now trade at $1.30 each, and a chart of the stock reveals an onslaught of investor interest.

(click to enlarge)...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
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