Update: Golden Minerals Acquires A New Exploration Property In Mexico
Ben Kramer-Miller • Wed, Aug. 13
- Golden Minerals just announced it is acquiring an exploration property - Santa Maria - in Chihuahua, Mexico.
- In the same release the company announced exploration results from its other exploration property - Los Azules.
- This aggressive exploration challenges my thesis that the Velardena Project will not generate cash-flow.
- Investors looking for silver price optionality should still consider the stock, but now I am more confident in the company's near-term cash-flow potential at $20/oz. silver.