earnings
confidence high
sentiment positive
materiality 0.65
Golden Minerals Q2 net loss narrows to $0.8M on Rodeo production ramp; >500 tpd throughput
Golden Minerals Co
- Net loss $0.8M ($0.00/share) vs $2.3M loss in Q2 2020; revenue $5.9M from Rodeo doré sales.
- Net operating margin $2.5M; produced 3,634 payable gold-equivalent oz at cash cost $915/oz.
- Cash $6.9M at June 30, 2021; reaffirms 2021 guidance of 12k-14k oz gold and 25k-30k oz silver.
- New regrind mill pushed throughput >500 tpd in May-June; exploration drill program underway at Rodeo.
- 12-month outlook: net operating margin $11-13M from Rodeo; total forecast expenditures $8.5M.