Hey guys, I want to share the latest research report on Golden Minerals Company (NYSE / TSX: AUMN) Upcoming Developments to Potentially Overshadow Minor Setbacks in Q2
Here are some highlights:
Q2 gold production (Rodeo mine, Mexico) was down 17% QoQ due to lower grades. We were expecting a 9% decline.
Cash costs increased 23% QoQ to $1,426/oz (due primarily to lower grades) vs our forecast of $1,150/oz. Although we expect cash costs to decline in H2-2022 due to higher grades, we are raising our full-year estimate by 13% to $1,300/oz.
On a positive note, Barrick (TSX: ABX) has completed a five-hole drill program on the El Quevar silver property in Argentina. Assay results are pending.
We are expecting a rally in gold/silver prices as the Fed is likely to take a less hawkish stance in its meeting next month due to weaker economic activities, and as inflation has started to taper. As gold stocks have outperformed the metal during prior rallies, we believe miners (such as AUMN) have higher upside potential than the metal.
Here is the report: www.researchfrc.com/...ially-overshadow-minor-setbacks-in-q2/
*past performance is not indicative of future performance.
Here are some highlights:
Q2 gold production (Rodeo mine, Mexico) was down 17% QoQ due to lower grades. We were expecting a 9% decline.
Cash costs increased 23% QoQ to $1,426/oz (due primarily to lower grades) vs our forecast of $1,150/oz. Although we expect cash costs to decline in H2-2022 due to higher grades, we are raising our full-year estimate by 13% to $1,300/oz.
On a positive note, Barrick (TSX: ABX) has completed a five-hole drill program on the El Quevar silver property in Argentina. Assay results are pending.
We are expecting a rally in gold/silver prices as the Fed is likely to take a less hawkish stance in its meeting next month due to weaker economic activities, and as inflation has started to taper. As gold stocks have outperformed the metal during prior rallies, we believe miners (such as AUMN) have higher upside potential than the metal.
Here is the report: www.researchfrc.com/...ially-overshadow-minor-setbacks-in-q2/
*past performance is not indicative of future performance.
