Update: Golden Minerals Announces Its Intent To Issue Stock And Warrants
- Golden Minerals announced its intent to raise capital through stock and warrant issuance in order to finance exploration of its Mexican projects.
- The company didn't specify how much stock it intends to issue.
- I had not anticipated this in my July article, although it makes sense considering the weak silver price and the company's recent acquisition of exploration property in Mexico.
- This can put downward pressure on the stock in the near term but the company's properties have a lot of exploration potential, making this a worthwhile venture.