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Golden Minerals / AUMN - fil dédié

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MessageAuteur
Messageachats d'investisseurs institutionnels
par marie Mer 12 Déc 2012 - 19:08

achats d'investisseurs institutionnels qui sont en train de prendre à revers les shorts, on dirait !



Citation :


1. Golden Minerals Company (AUMN, Earnings, Analysts, Financials): Engages in the exploration and development of precious metals and other mineral properties in Mexico and South America. Market cap at $171.17M, most recent closing price at $4.02. Net institutional purchases in the current quarter at 2.1M shares, which represents about 6.26% of the company’s float of 33.56M shares. Over the last six months, insiders were net buyers of 1,365,790 shares, which represents about 4.07% of the company’s 33.56M share float.



http://www.thestreet.com/story/11783621/1/10-stocks-with-bullish-institutional-and-insider-buying-activities.html



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Messagele réveil est, en effet, assez évident
par g.sandro Dim 16 Déc 2012 - 19:06

oui, je confirme qu'elle est VERTE en oscillos depuis le 20 novembre



le réveil est, en effet, assez évident




Golden Minerals / AUMN - fil dédié - Page 2 Aumn_910

aumn /golden minerals



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MessageNEWS du meilleur... et du moins bon? AUMN perd 11%...et pourtant...
par g.sandro Ven 18 Jan 2013 - 20:06

http://finance.yahoo.com/news/golden-minerals-announces-fourth-quarter-221600798.html

Citation :
Golden Minerals Announces Fourth Quarter 2012 Production
Press Release: Golden Minerals Company – 20 hours ago
Email

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RELATED QUOTES
Symbol Price Change
AUMN 4.10 -0.51

GOLDEN, Colo., Jan. 17, 2013 /CNW/ - Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") provides production results from the Velardena Operations for the fourth quarter 2012.
(Logo: http://photos.prnewswire.com/prnh/20120803/LA52082LOGO)
Payable production during the fourth quarter 2012 totaled a record of approximately 134,000 ounces of silver, an increase of about 13 percent over third quarter 2012 production and 72 percent greater than the fourth quarter 2011. Payable gold production during the fourth quarter 2012 was 1,300 ounces, about 33 percent less than the third quarter 2012 production and an increase of about eight percent above the fourth quarter 2011. Full year 2012 payable production totaled approximately 457,000 ounces of silver and 6,500 ounces of gold for a total of about 782,000 silver equivalent ounces for silver and gold only (equivalents calculated at 50:1).

Additionally, the Company produced approximately 330,000 pounds of payable lead and 480,000 pounds of payable zinc during the fourth quarter, bringing full year 2012 production to approximately 1.0 million pounds of lead and 1.4 million pounds of zinc.

Record silver production for the fourth quarter was achieved primarily due to efforts to reduce dilution to the ore feeding the mills, with a 45% increase in grade for the fourth quarter as compared to the first quarter. Gold production during the fourth quarter 2012 was negatively impacted by lower gold recovery at the Company's processing plants primarily due to the occurrence of different mineralogy in some of the newly developed ore areas and to a lesser extent by reduced tonnes mined during the fourth quarter due primarily to shortages of miners as previously reported. The Company is currently working to improve gold recoveries for the recently encountered ore, including testing different reagents and grinds in the sulfide plant, and conducting various tests to determine the ores or blend of ores that yield the best results in each plant. The Company is working with its unions to improve miner availability and have recovered about half of the shortfall.
The Company currently expects throughput rates at Velardena ranging from approximately 500 to 600 tonnes per day in 2013, ramping up late in the year with achievement of an 850 tonne per day production rate in late 2013 or early 2014. The Company is focused on improving gold recoveries, continued optimization of the plants and mine plan, and completion of the San Mateo ramp, which is expected in the fourth quarter 2013 as previously reported. The San Mateo ramp, which will permit trucking of ore from the productive Santa Juana mining unit to the concentrating facilities on the surface, should increase the amount of daily production from Santa Juana, as ore currently must be hoisted through an internal shaft with limited capacity. Prior to completion of the ramp, the Company had planned to augment material from Santa Juana with vein material from other mining areas to achieve a daily production rate of 850 tonnes per day in the third quarter 2013. However, recent mining in two of the other mining areas has encountered narrower veins than anticipated, making the earlier ramp-up less attractive.




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Messagela News a disparu, AUMN refuse d'exécuter un paiement de 8M$ en attendant une décision judiciaire en appel à venir
par g.sandro Ven 18 Jan 2013 - 20:57

la News a disparu, AUMN refuse d'exécuter un paiement de 8M$ en attendant une décision judiciaire en appel à venir...

Bon, je ne connais pas la nature du contentieux, mais si une décision en appel est pendante à son initiative, il n'est pas illogique de cesser un paiement contesté...
Ces 8M$, s'ils sont effectivement dus, c'est déjà dans les cours depuis belle lurette, et si l'appel est couronné de succès, c'est même très bon...alors que le marché sanctionne une nouvelle "neutre" qui tient plus du non évènement que du scoop, c'est étrange...à moins que ma lecture rapide du cette news disparue me fasse commettre une erreur de perception, ce qui est tout à fait possible, mais pas l'option la plus probable car je lis quand même l'anglais sans difficulté majeure...

Bref, le plus étonnant c'est que la news que je m'apprêtais à poster ait disparu pile poil au moment ou je réinitialisais mon PC après plantage.

tenez, elle reprend déjà 2% en ne chutant plus "que" de 9%...



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Messageanalyse seeking alpha
par marie Mar 22 Jan 2013 - 17:26

la production d'or au Q4 2012 est vue comme négative à Ct, d'où le nouveau repli ==> l'auteur ( qui ne posséde pas d'actions AUMN) suggére de profiter de ce pull back



Citation :
After a rough 2012, these shares have been trending higher in the first weeks of 2013, but there was a recent pullback after the company announced fourth quarter production. Production for the fourth quarter 2012 totaled a record of approximately 134,000 ounces of silver, an increase of about 13% over third quarter 2012 production and 72% greater than the fourth quarter 2011. However, gold production during the fourth quarter 2012 was about 1,300 ounces, which is about 33% less than the third quarter 2012 production and an increase of about 8% above the fourth quarter 2011. The gold production in Q4 is seen as a short-term negative which was due to various factors including a shortage of miners. However, the company is focused on increasing gold production in 2013. That is why this could be just a short-term opportunity to buy the shares in a pullback, before the recent uptrend resumes.

http://seekingalpha.com/article/1124101-why-buying-the-pullback-in-golden-minerals-could-reward-investors-in-2013?source=yahoo



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MessageRe: Golden Minerals / AUMN - fil dédié
par g.sandro Mar 22 Jan 2013 - 23:57

Bawi, AUMN c'est du SILVER...l'or est un plus, mais à laisser à sa place...très secondaire en l'occurence et se focaliser sur la prod de gold c'est vraiment faire preuve d'une grande incompréhension du dossier bon sang , bien sur



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MessageAUMN reprend 4% sur annonce de son plan opérationnel 2013
par marie Mer 13 Fév 2013 - 16:45

http://finance.yahoo.com/news/golden-minerals-announces-2013-operating-035500143.html

GOLDEN, Colo., Feb. 12, 2013 /CNW/ - Golden Minerals Company (NYSE
MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") today provided
a summary of its 2013 operating plan, projecting increased production
in 2013 and positive gross margin at the Velardena Operations commencing
in the third quarter, and of its program to define longer term
operating and expansion plans for Velardena. The Company also announced
its intent to solicit a partner to advance its El Quevar property in
Salta, Argentina and to reduce El Quevar holding costs.

(Logo: http://photos.prnewswire.com/prnh/20120803/LA52082LOGO)

PRODUCTION

Velardena 2012 payable production totaled approximately 780,000
payable silver equivalent (AgEq) ounces, or an average 195,000 AgEq
ounces per quarter. Payable silver equivalent ounces include only
payable gold (at a 50:1 ratio to silver) plus payable silver and exclude
lead and zinc. Velardena's average quarterly production in 2012 is
about 60 percent greater than the 122,000 AgEq ounces of sold production
reported for the second quarter 2011, the final reporting period prior
to Golden's acquisition of the property in September 2011 .

The Company anticipates 2013 payable production of about one million
AgEq ounces, almost 30 percent greater than 2012 payable production. The
Company also expects to produce approximately 4 million pounds of
combined payable lead and zinc in 2013. The Company expects a
substantial 80 percent increase in payable silver in 2013, combined with
an approximate 30 percent decrease in gold production. Forecasted
improvement in silver output is a result of increased grade due
primarily to improved longitudinal vein dilution control and to improved
recoveries resulting from the late 2012 addition of a flotation circuit
ahead of the leach circuit in the oxide plant. The flotation circuit is
currently operating and producing a lead concentrate averaging between
15 to 20 kilograms (480 to 640 ounces) of silver per tonne. The
forecasted decrease in gold production is primarily the result of
reduced gold recoveries in the current plant configuration from material
mined from new areas which appears to have a different gold metallurgy
than material previously mined. The Company has initiated a testing
program to address gold recovery, discussed further under Mine
Development and Operations below.

The Company anticipates a steady ramp-up in silver equivalent
production during 2013, and preliminary results from January 2013
operations are consistent with these expectations.

MINE DEVELOPMENT AND OPERATIONS

The Company will continue to advance the San Mateo ramp during 2013,
with completion of the ramp now expected during the third quarter 2013,
moved forward from the previously communicated fourth quarter 2013
estimate. Approximately 1.5 kilometers of the ramp have been completed,
with less than 0.5 kilometers remaining to reach the productive Santa
Juana mining unit. Completion of the ramp will permit ore removal by
30-ton trucks, rather than by the existing interior hoisting system that
is capped at 300 tonnes per day, and should permit the Company to
increase output as the mine develops. The ramp has already provided
access to the Terneras and San Mateo veins and when completed will
provide more efficient and less costly ore haulage from the Santa Juana
veins.

A significant portion of the gold in Velardena ores occurs
encapsulated in pyrite mineralization which requires oxidation of the
pyrites to permit increased gold recovery. Testing continues on an
Albion oxidation process and on an autoclave process to improve gold
recoveries. Initial test work for the Albion process is encouraging, and
the Company believes that installation of an Albion oxidation circuit
for recovery of the gold bearing pyrites would require significantly
less capital than would an autoclave. Additional testing is required to
confirm the potential of the Albion process, and the Company has sent
more sample material to Australia to confirm initial test results and
to permit the development of engineering parameters and a preliminary
construction budget.

The Company has also shipped a 300 kilogram sample of tails from the
oxide plant to a U.S. testing facility to evaluate whether the addition
of a Knelson gravity gold/pyrite recovery circuit could improve gold
recoveries at the oxide plant. This type of circuit may also enhance
gold recovery at the sulfide plant. If the tests are successful, Knelson
concentrators could be installed later in 2013.

The Company anticipates approximately $7.0 million in capital
expenditures at Velardena in 2013, with approximately half of that
amount spent on mine development including the San Mateo ramp. With the
current and advancing development of the San Mateo ramp, the Company is
now able to position diamond drills to penetrate the Santa Juana area
beneath current mining. Drilling is also ongoing in the Chicago mining
unit in an attempt to define oxide tonnes for the oxide plant leaching
circuit. In addition, the Company continues work to optimize mine plans
and plant performance.

The Company believes that the process test work and underground drill
program described above should provide the basis for better planning
and evaluation of expansion options later in the year.

EL QUEVAR

Recent drilling at El Quevar (see the Company's January 25, 2013
press release) supports the Company's view that El Quevar may be an
evolving new silver district. Drilling identified silver mineralization
approximately one kilometer east and on strike with the Yaxtche
resource, and identified a possible extension of the Norte zone, 500
meters east of previous drilling. The Norte zone is parallel in strike
to Yaxtche and is five kilometers to the north. In order to advance El
Quevar, the Company will solicit a partner to move the project forward
with additional drilling in these areas, drilling in other potential
areas and evaluations.

LIQUIDITY

The Company will focus on attaining positive cash flow from the
Velardena Operations, and expects the Velardena Operations to become
gross margin positive in the third quarter 2013, assuming current gold
and silver prices.

The Company's cash position is currently sufficient for the Company
to carry out its 2013 operating plan, with a projected cash balance at
the end of 2013 of approximately $24 million .

About Golden Minerals

Golden Minerals Company is a Delaware corporation based in Golden,
Colorado, primarily engaged in silver and gold mining at its Velardena
Operations in Mexico and advancement of the evaluation stage El Quevar
project in Argentina .

Forward Looking Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the
Exchange Act and applicable Velardena Operations Canadian securities
legislation, including statements regarding anticipated production from
the Velardena Operations in 2013 including the steady ramp-up in such
production and expected increases in silver production and decreases In
gold production and the reasons therefore; achieving positive gross
margin at the Velardena Operations in the third quarter 2013;
anticipated timing of completion of the San Mateo ramp and anticipated
benefits of completing the ramp including increased, more efficient and
lower cost ore haulage; evaluation of the Santa Juana mine as
productive; estimates of 2013 capital and mine development costs;
planned testing and other efforts to increase gold production; efforts
to optimize the mine plan and processing plants; the planned definition
of a long-term operating and expansion plan including planned testing
and evaluation of the Knelson concentrator, Albion oxidation process and
autoclave and results of initial testing; expected lower costs for an
Albion process than an autoclave; planned drilling at Santa Juana and
Chicago ; expectation that process test work and underground drill
program should provide the basis for better planning and evaluation of
expansion options later in the year; the belief that the El Quevar
project area may be a new silver district; belief that drilling may have
identified extensions of the Yaxtche deposit and the Norte zone; the
planned solicitation of a partner to advance the El Quevar project;
focus on achieving cash positive operations at the Velardena Operations;
belief that the Company has sufficient cash to carry out its 2013
operating plan; and anticipated cash balance at year-end 2013;

These statements are subject to risks and uncertainties, including
unexpected events at the Velardena Operations, including further delays
or problems in mine development, completion of the San Mateo ramp and
mine plan and plant optimization; operational changes or problems;
variations in ore grade and relative amounts, grades and metallurgical
characteristics of oxide and sulfide ores; availability of sufficient
quantities of oxide ores; delays or failure in receiving required
government approvals or permits; technical, permitting, mining,
metallurgical or processing issues; changes in interpretation of
geological or metallurgical information at the Velardena Operations and
the El Quevar project; failure to achieve anticipated production and
head grades, recoveries and concentrate production and quality at the
Velardena Operations; delays in or failure to realize anticipated
benefits of mine plan and plant optimization efforts; failure to realize
anticipated 2013 production and silver production increases; failure to
realize anticipated production or increases in production from the
anticipated increase in mine development and the completion of the San
Mateo ramp; higher than anticipated operating and capital costs at the
Velardena Operations, and delay in or failure to achieve positive gross
operating margin when anticipated or to have sufficient cash to carry
out 2013 operating plans; future test results that do not support the
use of the Knelson concentrator, Albion oxidation process or autoclave,
and that do not provide a basis for future operating and expansion
plans; disappointing future results of drilling at the Santa Juana and
Chicago mining units; loss of and inability to adequately replace
skilled mining and management personnel; possible disputes with
customers or joint venture partners; failure of undeveloped ore or veins
to meet expectations; interpretations and changes in interpretations of
geologic information; strikes or other labor problems; increased costs
or decreased metals prices; volatility or other changes in the U.S. and
Canadian securities markets; availability and cost of materials,
supplies and electrical power required for mining operations and
exploration; fluctuations in silver, gold, zinc and lead prices, costs
and general economic conditions; changes in political conditions, tax,
environmental and other laws; and diminution of physical safety of
employees in Mexico , and other conditions in the countries in which
the Company operates. Additional risks relating to Golden Minerals
Company may be found in the periodic and current reports filed with the
Securities Exchange Commission by Golden Minerals Company, including the
Annual Report on Form 10-K for the year ended December 31, 2011 .

Golden Minerals Company assumes no obligation to update this
information. Additional risks relating to Golden Minerals Company may be
found in the periodic and current reports filed with the Securities
Exchange Commission by Golden Minerals Company, including the Company's
Annual Report on Form 10-K for the year ended December 31, 2011



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Messagerésultats 2012, pas folichon
par marie Ven 1 Mar 2013 - 22:33

résultats 2012, pas folichon : les shorts ne l'ont pas loupé, notamment aujourd'hui !

http://finance.yahoo.com/news/golden-minerals-reports-2012-end-192500054.html

GOLDEN, Colo., March 1, 2013 /CNW/ - Golden Minerals Company (NYSE
MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") announces 2012
year-end results.

(Logo: http://photos.prnewswire.com/prnh/20120803/LA52082LOGO)

For the period January 1, 2012 through December 31, 2012 , Golden
Minerals recorded revenue of $26.1 million and costs of metals sold of
$33.4 million for a negative gross margin of $7.3 million from the
sale of metals at the Velardena Operations in Mexico . For the same
period the Company recorded a total net loss of $92.0 million , which
includes the negative gross margin at the Velardena Operations and
$58.5 million associated with a non-cash goodwill impairment charge,
$57.2 million of which was recorded previously in the third quarter.
The net loss also includes $7.9 million for project expenses and mine
development costs related to the Velardena Operations, $10.0 million
of non-cash depreciation and amortization-related expense, $7.1 million
of corporate general and administrative expense, $7.0 million of
exploration expense and $5.1 million of expense associated with the El
Quevar project. These expenses were partially offset by other
operating income of $2.5 million related primarily to net gains on the
sale of certain fixed assets and non-strategic mineral properties and
interest and other income of $2.5 million related primarily to the
sale of the Platosa net smelter royalty.

The Company's cash and cash equivalents balance totaled $44.4
million at December 31, 2012 compared to $48.6 million at December
31, 2011 . The $4.2 million decrease in cash and cash equivalents
during 2012 resulted primarily from the cash operating expenditures
described above plus $9.6 million in capitalized property and plant
expenditures, incurred primarily at the Velardena Operations, offset by
the Company's receipt of approximately $37.0 million related to a
public offering and private placement of units comprised of common stock
and warrants in September 2012 , plus $5.1 million received in net
proceeds from asset sales.



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MessageRe: Golden Minerals / AUMN - fil dédié
par thelo Mer 6 Mar 2013 - 9:56

Quelle descente !
Je vais peut-être en prendre une lichette
Ça fera baisser mon pru...

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Messagerecord de production argent pour le 1er quadrimestre 2013
par contact.lecteurs Sam 27 Avr 2013 - 0:28

Citation :

AUMN /record de production argent pour le 1er quadrimestre 2013

avec un peu de retard , puisque la news date du 11 avril dernier, mais c'est pratiquement la seule minière à terminer largement verte ce vendredi.

Jean

http://www.4-traders.com/GOLDEN-MINERALS-CO-9664880/news/Golden-Minerals-Co-Golden-Minerals-Announces-Record-First-Quarter-2013-Production-Of-Silver-16683227/

Golden Minerals Co : Golden Minerals Announces Record First Quarter 2013 Production Of Silver

GOLDEN, Colo., April 11, 2013 /PRNewswire/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") announces preliminary production results from the Velardena Operations for the first quarter 2013.
(Logo: http://photos.prnewswire.com/prnh/20120803/LA52082LOGO )
Payable production during the first quarter 2013 totaled approximately 215,000 silver equivalent ounces (equivalents calculated at 50:1, gold: silver) and included 150,000 ounces of silver and 1,300 ounces of gold. Total payable production increased 9 percent compared to the fourth quarter 2012. These amounts are in line with the Company's 2013 operating plan.
Payable silver production during the first quarter 2013 reached a record high of approximately 150,000 ounces, 12 percent greater than the fourth quarter 2012. Payable gold production during the first quarter 2013 totaled approximately 1,300 ounces, 2 percent greater than the fourth quarter 2012. Payable production figures include only silver and gold. The Company also produced approximately 320,000 pounds of payable lead and 460,000 pounds of payable zinc during the first quarter 2013, also in line with the Company's 2013 operating plan.
On March 8, 2013, Mexican regulatory authorities suspended the Company's explosives permit for the principal producing areas of the Velardena Operations due to the proximity of the blasting cap magazine to the occupied mine facilities, a situation that had existed for more than a decade. The Company immediately relocated the employees to other mine buildings and regulatory authorities agreed on March 9 that the Company's remediation plan was acceptable, pending the regulatory authority's compliance with its formal procedures to reinstate the permit. The permit was reinstated on April 10, 2013 and the Velardena Operations are currently in the process of rebuilding broken rock inventory. During the permit suspension, the Company used the opportunity to complete additional flow capacity in the oxide leach circuit and add cleaner flotation capacity to the float circuit ahead of the oxide circuit. These projects are anticipated to improve both silver and gold recoveries.
The Company's 2013 operating plan calls for an increase in quarterly production throughout the year. Production in the first quarter was not significantly affected by the explosives permit suspension due to the availability of stockpiled broken ore, but due to the depletion of broken ore in the mine and the duration of the suspension, the Company expects second quarter production to be lower than the first quarter. The Company continues to expect that the San Mateo ramp will be completed during the third quarter 2013, and that production in the third and fourth quarters will exceed first quarter production as broken material inventories are replenished in the mine and additional development work opens new stopes for production. The Company currently expects to produce between 900,000 and one million ounces of payable silver equivalent in 2013 due to the explosive permit suspension.





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Message1 quadrimestre 2013 , plus de détails
par contact.lecteurs Sam 11 Mai 2013 - 17:00



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Message+17.20%
par g.sandro Lun 17 Juin 2013 - 20:24

Il se passe clairement un truc là...+17.20% en live je plane pour toi

Golden Minerals / AUMN - fil dédié - Page 2 Alcooliq



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Messageencore +10% aujourd'hui
par marie Mar 18 Juin 2013 - 18:23

encore +10% aujourd'hui, alors que les métaux et le hui reculent ( FED annonce des taux, demain) .
Je ne vois aucune news particulière ... et pourtant certains sont visiblement au courant ...



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MessageRe: Golden Minerals / AUMN - fil dédié
par g.sandro Mar 18 Juin 2013 - 20:37

oui, j'ai cherché aussi et en vain...en tout cas, techniquement, ça perfore une putain de résistance et c'est excellent...Golden Minerals / AUMN - fil dédié - Page 2 Alcooliq



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MessageRe: Golden Minerals / AUMN - fil dédié
par Imhotep Mer 19 Juin 2013 - 8:28

Oui encore 1381% et on sera à 28$, cours de décembre 2010 ... l'espoir fait vivre.

Non sans blague, il faut arrêter le mode espoir, cette boite est dirigée par des escrocs. Voir par exemple : http://incakolanews.blogspot.fr/2012/09/the-uberdog-end-of-junior-mining-sector.html

Vous le savez Sandro et Marie, et pourtant vous vous accrochez. Pourquoi ? Vendez au moindre rebond et placez vous sur un autre cheval. Il ne faut jamais s'accrocher à ses positions. Peu importe de gagner 1000 € en se rattrapant aux branches sur une position perdante ou bien de gagner 1000 € sur une nouvelle position vierge, c'est TOUJOURS 1000 €.


Si tu es prêt à sacrifier ta liberté pour te sentir en sécurité, tu ne mérites ni l'une ni l'autre.
En matière de complots, il y a deux pièges à éviter : le premier, c'est d'en voir nulle part ... et le second c'est d'en voir partout.
A la bourse tu as deux choix : t'enrichir lentement ou t'appauvrir rapidement.
J'ai dépensé 90% de mon fric en filles, boissons et bagnoles. Le reste je l'ai gaspillé

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Messagesuspension de production et réduction des dépenses pour faire face à la baisse des cours
par contact.lecteurs Sam 22 Juin 2013 - 13:38

suspension de production et réduction des dépenses pour faire face à la baisse des cours

la compagnie annonce suspension production à Velardena mine en raison des prix trop bas de l'or et de l'argent, le prix d'équilibre étant de 1600 $ pour l'or et de 30 $ pour l'argent.
par ailleurs, un plan de réduction des dépenses administratives et générales  de 25% va être mis en oeuvre.
Merci à Jean pour le lien
http://www.4-traders.com/GOLDEN-MINERALS-CO-9664880/news/Golden-Minerals-Co-Golden-Minerals-Announces-Suspension-Of-Production-17038278/


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MessageRe: Golden Minerals / AUMN - fil dédié
par Imhotep Sam 22 Juin 2013 - 15:01

Oui oui pas mal, ils arrêtent leur seul site qui produit ...
Le boss Jeffrey Clevenger va peut-être réussir à mettre sous chapter 11 sa deuxième société, après Apex Silver. Bon bien sûr, ça lui coutera moins cher qu'à ses actionnaires, hein okkey

L'action était à 2$ il y a trois jours, 1.65$ vendredi soir et la news tombe juste apres la cloture ... okkey


Si tu es prêt à sacrifier ta liberté pour te sentir en sécurité, tu ne mérites ni l'une ni l'autre.
En matière de complots, il y a deux pièges à éviter : le premier, c'est d'en voir nulle part ... et le second c'est d'en voir partout.
A la bourse tu as deux choix : t'enrichir lentement ou t'appauvrir rapidement.
J'ai dépensé 90% de mon fric en filles, boissons et bagnoles. Le reste je l'ai gaspillé

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MessageRe: Golden Minerals / AUMN - fil dédié
par thelo Sam 22 Juin 2013 - 16:43

J'ai encore 200 actions de cette merde, j'aurais du les balancer à 2

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MessageRe: Golden Minerals / AUMN - fil dédié
par g.sandro Sam 22 Juin 2013 - 19:05

l'idée de suspendre la prod pour ne pas piller les réserves et a fortiori les brader à perte est une stratégie que j'ai toujours considéré comme saine...

 bon, que son point mort soit à 30 en revanche, ça, oui, c'est Losy style...bon sang , bien sur



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MessageRe: Golden Minerals / AUMN - fil dédié
par Imhotep Sam 22 Juin 2013 - 19:13

Oui mais ça montre bien que c'est pas demain la veille que ça gagnera de l'argent !


Si tu es prêt à sacrifier ta liberté pour te sentir en sécurité, tu ne mérites ni l'une ni l'autre.
En matière de complots, il y a deux pièges à éviter : le premier, c'est d'en voir nulle part ... et le second c'est d'en voir partout.
A la bourse tu as deux choix : t'enrichir lentement ou t'appauvrir rapidement.
J'ai dépensé 90% de mon fric en filles, boissons et bagnoles. Le reste je l'ai gaspillé

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MessageAndrew Pullar l'un des patrons de Sentient, rajoint l'équipe dirigeante
par marie Ven 28 Juin 2013 - 21:23

Sentient est le 1er actionnaire de la cie, et son patron, Andrew Pullar rejoint l'équipe dirigeante
http://finance.yahoo.com/news/sentient-ceo-andrew-pullar-join-160900256.html



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MessageRe: Golden Minerals / AUMN - fil dédié
par g.sandro Ven 28 Juin 2013 - 22:56

 OOPS Andrew pullar..... j'avais cru lire Audrey Pulvar....r.ire aaarf



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MessageLOL Sandro
par marie Ven 28 Juin 2013 - 23:06

je dois avouer que j'avais écris ds un 1er temps andrew pulvar
r.ire 
déjà qu'on est mal avec cette action, je te dis pas la cata si Audrey s'en mélait !
on est déjà suffisamment mal lotis comme ça !

je comprends pas du tout, pourquoi aumn s'est retournée red, au cours de cette magnifique séance...à part pour nous infliger une exaspération supplémentaire ... la news en question étant parue hier...
quand à savoir si c'est une bonne chose que l'actionnaire majo, rejoigne le board , je trouve ça plutôt bon, que mauvais ...



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Messageanalyse très positive de seeking Alpha
par contact.lecteurs Dim 1 Sep 2013 - 23:59

Citation :
analyse très positive de seeking Alpha : Ben Kramer Miller

Enorme potentiel haussier

Velardena : mexique



Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778940694208267-Ben-Kramer-Miller

El Quevar in Argentina


Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778924948538187-Ben-Kramer-Miller


http://seekingalpha.com/article/1668222-golden-minerals-has-enormous-upside-potential

 Jean


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MessageCelui là, on se le garde au chaud
par g.sandro Lun 2 Sep 2013 - 0:11

Golden Minerals Has Enormous Upside Potential
Sep 1 2013, 15:25  | 4 comments  |  about: AUMN
BOOKMARK / READ LATER



Disclosure: I am long AUMN(More...)
This article is about Golden Minerals (AUMN). In 2010 - 2011 Golden Minerals was flying high, trading above $20/share at one point. In June of 2011 the company purchased ECU Silver for roughly $300 million, and investors were under the impression that the company had a producing mine at Velardena with over 300 million silver equivalent ounces. However the company's fortunes quickly turned. When it had the Velardena NI 43-101 technical report updated the new results showed that the company had considerably less metal than it initially thought: less than 100 million ounces of silver overall, and about 68 million ounces of silver equivalents at Velardena. Seeing that the company still had ample silver to produce at Velardena the company was still able to produce at an annualized rate of nearly 930,000 silver equivalent ounces. However high production costs and crashing silver and gold prices lead to another blow to the company: it ceased production on June 19th.
Now the company has no production, less metal than it initially thought, and a share price of just $1.14, giving it a market capitalization of just $57 million. Furthermore, while other gold and silver mining companies' stocks are rebounding, Golden Minerals'stock currently sits just above its 52 week low.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-1377880040660384-Ben-Kramer-Miller
The carnage in Golden Minerals' business and stock price has created an enormous opportunity for aggressive investors who are bullish on silver and gold prices. The company's assets seem very compelling at just $57 million. They include:

  • $30 million in cash and equivalents and no debt
  • An estimated 93 million ounces of silver on two properties: Velardena and El Quevar (a late stage exploration property)
  • An estimated 600,000 ounces of gold at Velardena
  • Several early stage exploration properties in Mexico and Argentina

[color][font][font][color][font]
It is not often that one comes across a company with such a sizeable resource base (with the infrastructure in place to produce much of it), a deep exploration pipeline, and a lot of cash and no debt. While Golden Minerals has high production costs at Velardena, it is working aggressively to find ways to lower them. Furthermore, at higher gold and silver prices the company will be able to restart production and generate significant cash flow relative to its current valuation. Ultimately, given its pipeline of projects, and its (temporarily suspended) plans to ramp up production at Velardena, the company can potentially grow production to 3 million ounces of silver production a year or more.
An Overview of Golden Minerals' Resources and Properties
Golden Minerals has an estimated 92.6 million ounces of silver (46.6 million ounces of measured and indicated resources and 46 million ounces of inferred resources) and 600,000 ounces of gold (300,000 ounces of measured and indicated resources and 300,000 ounces of inferred resources).
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778901761618302-Ben-Kramer-Miller
These resources are located on two of the company's properties:
[/font][/color][/font][/font][/color]

  1. Velardena in Mexico
  2. El Quevar in Argentina

[color][font][font][color][font]
A: Velardena
Velardena is located in Durango, Mexico.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778940694208267-Ben-Kramer-Miller
The property contains both gold and silver with silver slightly outweighing gold at current market prices. In all it contains an estimated 30.4 million ounces of silver (14.6 million measured and indicated ounces at 195 grams per tonne, and 15.8 million inferred ounces at 159 grams per tonne) and 600,000 ounces of gold (300,000 ounces of measured and indicated gold at 3.46 grams per tonne, and 300,000 ounces of inferred gold at 3.33 grams per tonne). The following chart details this information.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778939880348222-Ben-Kramer-Miller
Up until a few months ago Velardena was Golden Minerals' only producing mine. In the first half of 2013 it produced 395,000 silver equivalent ounces, but it stopped producing on June 19th due to high production costs that exceeded $35/ounce because the ore is relatively low grade for an underground mine. With the silver price at $24/ounce the mine is simply not economical unless the company can lower production costs.
The company is finding ways to do this:
[/font][/color][/font][/font][/color]

  • It is locating higher grade ore to mine
  • It is finding ways to increase its recovery rate from gold, which fell from 68.7% in the first half of 2012 to just 50.6% in 2013.
  • It is lowering administrative costs

[color][font][font][color][font]
Whether Golden Minerals can accomplish this or not to a large extent determines the strength of my investment thesis in the company's shares. While the company has other resources--primarily at El Quevar in Argentina--and more than half of its current market capitalization in cash, the risks that investors must take are not complimented with an adequate reward unless Velardena is a potential producer.
B: El Quevar
El Quevar is a potential silver mine located in Argentina.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778924948538187-Ben-Kramer-Miller
Golden Minerals has done extensive exploration here and has discovered over 60 million ounces of silver resources: 32 million ounces of measured and indicated resources at 141 grams per tonne, and 30.2 million ounces of inferred silver resources at 152 grams per tonne. This information is detailed on the following chart.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778919658681343-Ben-Kramer-Miller
Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778924534156632-Ben-Kramer-Miller
(*Indicated resources on top, inferred resources on the bottom)
This is almost certainly enough resources at a high enough grade for a mine. However we still do not know the economics of the project (e.g. how expensive it will be to produce, how expensive it will be to build the mine, and how much silver the company will be able to produce).
The project also has a lot of exploration potential, and given the company's [url=http://www.goldenminerals.com/pdfs/drill results/El Quevar/ElQuevar_BestResults_Oct_2010.pdf]drill results[/url] I suspect that it will be able to expand the property's resource estimate, as it has found many expansive holes with grades greater than the 150 grams per tonne of the project's current resource base.
While Golden Minerals owns the property outright, in its corporate presentation, it claims that it is soliciting a partner "to advance project drilling and evaluations." On the one hand this may be a good idea considering that the company has had difficulties over the past year. But if it finds a JV partner this will severely limit the upside potential of the mine once it goes into production. Given the fact that only investors who are very bullish on silver prices should consider taking a position in Golden Minerals (given high production costs at Velardena), I am not sure if such a strategy coincides with the investment goals of Golden Minerals shareholders.
C: Golden Minerals' Exploration Properties
Golden Minerals has a portfolio of roughly 40 exploration properties in Mexico and South America, although it is in the process of selling some of them off to focus on a few key targets. Despite the issues the company has been facing it is still spending $5 million to explore them, although this figure is down from about $20 million last year. None of these properties have any NI 43-101 compliant resources.
Of particular interest is the Zacatecas project in Mexico.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13778914222785077-Ben-Kramer-Miller
The project has seven targets that the company is focuses on. The Panuco target is of special interest with some drill holes yielding several hundred (1,700 in one case) grams of silver per tonne of ore. This suggests that there is a good possibility that an economically feasible mine is located here, although more exploration needs to take place before this can be determined conclusively.
Golden Minerals' Cash Flow Potential
Golden Minerals is worth investing in if you believe that the price of silver will rise substantially. This is evidenced by the company's cash flow potential assuming it brings Velardena back into production when silver and gold prices rise (assuming they do). The company was able to produce the equivalent of 930,000 silver ounces annualized at Velardena, and it has longer term plans to increase production to 1.7 million ounces. If the company is able to carry out its plans reduce production costs (as I outline above) then it can likely bring its costs in line with most other producers, and produce silver equivalent ounces at about $25/ounce. Let us assume that it can get costs down to $30/ounce. The following chart estimates the company's cash flow for 930,000 ounces of production and 1.7 million ounces of production at various silver prices.
[/font][/color][/font][/font][/color]
Silver Price (US Dollars per Ounce)930,000 Ounces of Production1.7 Million Ounces of Production
$35$4.65 million$8.5 million
$40$9.3 million$17 million
$45$13.95 million$25.5 million
$50$18.6 million$34 million
$75$41.85 million$76.5 million
$100$65.1 million$119 million
[color][font][font][color][font]
Based on the assumptions that the company can lower production costs and ramp up production, we see that its shares have enormous potential upside. If you believe that the price of silver will go to $50/ounce, then if we put a 10-multiple on Golden Minerals' cash flow it can trade at $340 million, which is a 6-fold increase. This does not take into consideration the company's cash. It also does not take into consideration its El Quevar property--while this property doesn't have any production guidance, just based on the size of the resource it can potentially produce 1.5 - 2 million ounces annually, which means that Golden Mineral's cash flow would potentially double.
While there are several "what ifs" in these figures, it is clear that investors who are bullish on the silver price, and who believe in management's ability to restart production at Velardena will be amply rewarded.
Risks
A: The Price of Silver
The price of silver has performed terribly over the past two years, having declined from $48/ounce to around $24/ounce. While there is significant technical support at around $18/ounce - $20/ounce the downtrend that began in May 2011 is still intact.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13765579545546587-Ben-Kramer-Miller
Most silver producers cannot, or can barely turn a profit at the current price, including Golden Minerals, and this is a reason that the silver price has likely reached or is near a bottom. The fact that silver has risen over 20% from its $18.61 low is another good sign that this is the case.
But while most silver producers have break-even points at around the current silver price, or slightly higher, from the company's recent financial figures we have seen that Velardena needs substantially higher prices in order to break even. In the first two quarters of 2013 the company's costs exceeded $30/ounce. Thus investors should not consider taking a position in Golden Minerals unless they believe that the price of silver will rise to a level much higher than $24/ounce.
B: The Price of Gold
The price of gold has fallen precipitously recently, and nearly half of Golden Minerals' resources at Velardena are gold. So long as this downtrend remains intact, there is a reasonable possibility that the gold price will continue to fall in the short term.
(click to enlarge)Golden Minerals / AUMN - fil dédié - Page 2 6546411-13774906387214737-Ben-Kramer-Miller
The price seems to have found a bottom around $1,200, which suggests that the downtrend in gold may come to an end. Still, it is intact, and lower gold prices will be reflected in Gold Fields' share price.
However, I do not believe that the downtrend will continue, as many gold mining companies cannot make a profit in the current gold price environment. Golden Minerals is just one example. A lower gold price will force companies with unprofitable or marginally profitable projects to shut them down, and this will put significant pressure on future supply. But while gold is barely economical to mine at $1,400/ounce, there is no reason that the price cannot remain at this level for some time.
C: The Cost of (Not) Mining at Velardena
If Golden Minerals cannot lower production costs at Velardena then there will be no point in them producing unless silver and gold trade substantially higher. As the mine sits idle the company may be conserving cash, but it is actively pursuing ways to lower mining costs. It also estimates that it will cost $5.5 million to restart the mine. Furthermore, while the company finds higher grade ore, finds ways to lower administrative expenses, and finds ways to increase its recovery rate for gold, it is losing resources that could be devoted towards exploration and developing El Quevar. Thus for the time being the value of Golden Minerals is deteriorating, even as its resources remain constant. Therefore investors not only have to believe that the price of silver will rise, but that it will rise soon. In this respect Golden Minerals is not unlike an out of the money call option on silver.
D: Golden Minerals Has No Mineral Reserves
Mineral reserves, as opposed to resources, have been proven to be economically viable to extract. Golden Minerals only has resources, which means that the value of its estimated resources is less certain. While I don't necessarily advocate that the company spends the money to determine which, if any, of its resources can be counted as reserves, they have a lower value as they stand. Fortunately for Golden Minerals shareholders the shares are so inexpensive that shareholders don't have to think about the possibility that the company is overvalued on a price to resource basis.
Conclusion
Golden Minerals exemplifies what can go wrong with a mining company, and ultimately why small mining companies are such risky investments. But I believe that the company was prepared for the worst given that it had a sufficient amount of cash and no debt. Because of management's prudence it was able to survive a drastic reduction in its estimated resources, and a crash in silver and gold prices. While the shares lost more than 90% of their value over the past couple of years, the company still has more than enough cash to operate, no debt, and a plan to produce in the future. Furthermore, as is almost always the case when something negative happens to a company, the investment community has likely overreacted and pushed the stock down so that it trades at less than $0.50 per estimated silver equivalent ounce, or just $0.20 per silver equivalent ounce with the company's $30 million in cash and equivalents backed out. This in itself makes the stock extremely compelling.
But keep in mind that this is still a high risk investment. The company needs higher metal prices in order to be viable. It also needs to restructure its plan for operating its Velardena property. The former is out of the company's hand's, and the latter is no easy task. However if both of these necessities turn into realities, then Golden Minerals can conceivably produce more than 3 million ounces of silver annually in a few years--assuming production at El Quevar--with production costs of $25/ounce and a pipeline of exploration properties. At higher silver prices such a proposition is worth substantially more than the $57 million valuation at which the company can currently be purchased.[/font][/color][/font][/font][/color]



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