Tuesday, November 21, 2023
9:34 AM EST – Golden Minerals Company : Has begun producing gold-bearing pyrite flotation concentrate from its Velardeña Properties in Durango State, Mexico. The Company is processing material that has been stockpiled at Velardeña since the mines last operated in 2015. The material was only partially processed during past operations and a gold and silver bearing pyrite concentrate has not previously been separated from the material. During periods of past operations, concentrate sales terms were uneconomic for the gold-bearing pyrite concentrate that comes from Velardeña. However, recent and notably more favorable market terms offered for these concentrates mean Velardeña’s gold pyrite/arsenopyrite concentrates are now economic to process and sell. Golden Minerals Company (T.AUMN) shares were unchanged at 0.67.
Stocks in Play: Golden Minerals Company, Tue, 21 Nov 2023 09:42:06 EST