Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Taylor Dart's assessment of Q2

Here is the AUMN Q2 main summary from Seeking Alpha analyst, Taylor Dart:

"Unfortunately, despite the massive increase in revenue, Golden posted a net loss in the period of ~$800,000, driven by higher exploration expenses, higher administrative expenses, and higher stock-based compensation. This loss of ~$823,000 was an improvement from a net loss of $2.3 million in Q2 2020 but is still disappointing given that gold prices are near record levels."

Given that this mgmt. team has lost 96% shareholder value in 10 years, the salaries and stock based compensation is insane.  They will even allow for an $823K loss as long as their pockets are lined.  It's truly stunning. 

Excessive compensation, along with wasteful drilling expenses at Yoquivo prevent this company from achieving an easy quarterly profit.  We can only hope Sentient makes a logical, prudent move.

Silverbull50

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