Golden Minerals restarts mining at Velardena properties

|About: Golden Minerals Company (AUMN)|By:, SA News Editor

Golden Minerals (NYSEMKT:AUMN) +6.2% premarket on news it restarted mining at its Velardena properties on July 1; Velardena had been held in care and maintenance after production was suspended in mid-2013 due to depressed precious metals prices.

AUMN says it has developed a new mining plan that indicates positive net cash flow from Velardena after production is ramped up through Q2 2015.