Seeking Alpha

Golden Minerals (AUMN) -7.8% AH after announcing it is suspending operations at its Velardena...

Golden Minerals (AUMN) -7.8% AH after announcing it is suspending operations at its Velardena mine to conserve the asset until operating plans and prices for silver and gold indicate a sustainable cash margin for operations. AUMN estimates ~$7M in related charges in Q2 and Q3.
Comments (1)
  • Slvrzgold
    , contributor
    Comments (10) | Send Message
     
    Should have done this several months ago. At least now they can do it without losing as much face. At $20, most silver mines are not profitable.

     

    $20 Andrew Jackson Federal Reserve Note vs. 1 oz .999 fine Ag... Do you really need to think about it? Only 200M ozs out there left over for THE WHOLE WORLD of investors. That's $4B. A rounding error for a large bank. LOL Buy silver. Accumulate. Be patient. Gresham's Law...
    22 Jun 2013, 03:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|