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what it is
It hunts for gold and silver in Mexico and Argentina across four material properties.
how it gets paid
Last year Golden Minerals made $12M in revenue. Rodeo Property was the main engine at $0M, or 30% of sales.
what just happened
Quarterly EPS was -$0.14, and revenue stayed at $0M.
At a glance
C+ balance sheet — struggling to keep the lights on
30/100 earnings predictability — expect surprises
-$0.31 fy2024 eps est
$100M fy2025 rev est
100.0% operating margin
xvary composite: 29/100 — weak
What they do
It hunts for gold and silver in Mexico and Argentina across four material properties.
The moat is geology, not scale. You cannot copy a mineral deposit, and you cannot rebuild it with sales reps. You do get 4 material properties, but Barrick can earn 70% of El Quevar, which tells you where the leverage sits.
How they make money
$12M
annual revenue
Rodeo Property
$0M
Velardeña Properties
$0M
El Quevar Property
$0M
Yoquivo Property
$0M
Other exploration properties
$0M
The products that matter
current producing asset
Rodeo mine
$12M · current revenue base
this asset underpins the current $12M revenue base. if Rodeo underdelivers, the operating story breaks fast because there is no second engine.
100% of current production revenue
pre-production projects
Exploration portfolio
$4M market cap · capital still required
the portfolio is the upside story, but the mismatch matters: you have a $4M equity value trying to advance assets beyond the one mine already paying the bills.
option on future development
equity market access
Public listing
$0.33 share price · thin liquidity risk
at $0.33, the stock is part asset story and part financing mechanism. if operating results disappoint, your dilution risk gets louder fast.
funding lever
Key numbers
$4M
market cap
That is the whole equity pie. One bad drill result can move a lot because the pie is tiny.
4
employees
Four employees is not scale. It means the cost base is small, but the bench is thin.
100.0%
operating margin
A 100.0% operating margin says the top line is too thin to matter.
0.7
beta
A beta of 0.7 means the stock has moved less than the market on paper.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
C+ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for AUMN right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Quarterly EPS was -$0.14, and revenue stayed at $0M.
That EPS print was 133% worse than a year ago. With no reported revenue, the story is still about survival and asset value.
$0M
revenue
-$0.14
eps
100.0%
operating margin
EPS loss
The -$0.14 EPS print matters because it shows the company is still losing money on each share while sales stay at $0M.
source: company earnings report, 2024
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What could go wrong
the #1 risk is Rodeo mine concentration — one operating asset supports 100% of the current production revenue base.
med
Rodeo mine concentration
All current production revenue flows through one mine. If operations slow, permits tighten, or output disappoints, the income statement feels it all at once.
Impact: this exposes 100% of the current $12M revenue base to one asset.
med
financing pressure
A $4M market cap and 248 employees is an uncomfortable pairing in a capital-hungry business. The balance sheet is graded C+, which means you should assume financing matters every quarter.
Impact: the smaller the equity cushion, the louder dilution or restructuring risk gets when results slip.
med
short-term obligations are rising
Other current liabilities increased 30% last year versus a -2% long-term average. That is the wrong direction for a company already operating close to the edge.
Impact: if short-term pressure keeps building, management gets fewer good financing choices.
med
expectations could still be too high
Analysts model $100M in fy2025 revenue against a current $12M base. That spread is the bull case and the danger at the same time.
Impact: if reported progress does not start closing that gap, the stock loses one of its few obvious upside narratives.
A disruption at Rodeo or another funding squeeze hits 100% of the current $12M revenue base, and a $4M equity value leaves very little buffer.
source: institutional data · regulatory filings · risk analysis
Pay attention to
funding
cash needs versus the $4M equity cushion
This is the first number to watch. If operating needs rise faster than financing options, shareholders feel it fast.
operations
Rodeo mine updates
One producing asset means one source of truth. You want steady operating updates, not surprises from the only mine carrying current revenue.
expectations
progress from $12M toward the $100M estimate
The gap between current revenue and the fy2025 forecast is the central debate. Every update should be judged against that spread.
calendar
next filing and earnings release
With 30/100 earnings predictability, scheduled updates matter more here than with a stable large-cap. That is when the story either tightens or slips.
Analyst rankings
earnings predictability
30 / 100
in human-speak, analysts do not expect smooth or reliable earnings here
risk rank
5
that puts it safer than about 5% of stocks. You are shopping near the risky end of the shelf.
price stability
5 / 100
the stock price does not behave like a steady business. It behaves like a live financing debate.
source: institutional data
Institutional activity
institutional ownership data for AUMN is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$0
current price
n/a
target midpoint · n/a from current
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