Seeking Alpha

Golden Minerals restarts mining at Velardena properties

  • 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.
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