Golden Minerals (AUMN) Consolidates After The Recent News: What’s The Buzz?

In recent times the precious metals sector has proven to be a good enough hunting ground for investors and there are plenty of options to choose from.

One stock that could be watched at this point is that of Golden Minerals Company (NYSE: AUMN). The stock has been in consolidation mode over the past week. The company has a range of exploration projects in the works that are spread across Nevada, Argentina, and Mexico. On the other hand, gold and silver exploration already commenced at its Rodeo project.

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Last month the company also released its financial results for the fiscal year 2020 for the period ended on December 31 last year. Golden Minerals generated revenues of $5.6 million during the period and that was lower than the $7.7 million it generated in 2019. On the other hand, the company’s cash balance stood at $9.7 million, which was higher than the $4.6 million in cash and cash equivalents it reported at the end of 2019.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.