Golden Minerals Co (AUMN) AI Stock Analysis

• Market Cap: $4.06M
• Dividend Yield: N/A
• Average Volume (3M): 148.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -100.00%
• EPS Growth: 61.16%
• Country: US
• Employees: 194
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.06
• Shares Outstanding: 15,053,048
• 10 Day Avg. Volume: 89,376
• 30 Day Avg. Volume: 148,049
• PEG Ratio: <0.01
• Price to Book (P/B): -0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.18
• Enterprise Value/Market Cap: 0.57
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 51.44
• Enterprise Value/Ebitda: -0.80
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $0.26 ▼(-3.33% Downside)

The score is primarily constrained by very weak financial performance (persistent losses, ongoing cash burn, and negative equity, alongside a drop to $0 revenue in 2024 and TTM). Technical indicators add a mildly bearish/neutral overlay (negative MACD and sub-50 RSI), while valuation is also weak due to a negative P/E and no dividend yield data.

Positive Factors

Restructuring Efforts

The restructuring efforts have reduced liabilities and costs, strengthening the balance sheet. This positions the company to focus on promising exploration assets, potentially improving long-term operational efficiency and financial health.

Exploration Potential

The Desierto project's exploration results indicate potential for new mineral discoveries. This could enhance the company's resource base and future revenue streams, supporting long-term growth.

Liability Reduction

Reducing liabilities improves financial stability and flexibility, allowing the company to allocate resources more effectively towards growth initiatives and exploration projects.

Negative Factors

Negative Cash Flow

Persistent negative cash flow indicates liquidity constraints, which can hinder the company's ability to invest in growth opportunities and may require external funding to sustain operations.

Revenue Decline

The drastic revenue decline reflects operational challenges and market pressures, threatening the company's ability to generate sustainable income and necessitating strategic adjustments.

Solvency Concerns

Negative equity indicates that liabilities exceed assets, raising concerns about the company's solvency and its ability to meet long-term obligations without restructuring or additional funding.

Golden Minerals Co Business Overview & Revenue Model

Company Description

Golden Minerals Company, a precious metals exploration company, mines, constructs, and explores for mineral properties containing precious metals. It explores for gold, silver, zinc, lead, and other minerals. The company holds a 100% interest in the Rodeo gold mine situated in Durango State, Mexico; and a 100% interest in the Velardeña and Chicago gold-silver mining properties and associated oxide and sulfide processing plants located in the State of Durango, Mexico. It also holds a 100% interest in the El Quevar advanced exploration silver property situated in the province of Salta, Argentina; and diversified portfolio of precious metals and other mineral exploration properties located in Argentina, Nevada, and Mexico. The company was formerly known as Apex Silver Mines Limited and changed its name to Golden Minerals Company in March 2009. Golden Minerals Company was founded in 1996 and is headquartered in Golden, Colorado.

How the Company Makes Money

Golden Minerals Co generates revenue primarily through the sale of precious metals extracted from its mining operations. The company owns and operates several mines where it extracts gold and silver, which are then processed and sold on the commodities market. Key revenue streams include the direct sale of these metals to refineries and other buyers in the industry. Additionally, the company may enter into joint ventures or partnerships with other mining firms to develop certain properties, which can provide additional revenue through shared production and cost efficiencies. The company's earnings are influenced by factors such as market prices for gold and silver, production costs, and the discovery of new mineral reserves.

Golden Minerals Co Financial Statement Overview

Summary

Financials are very weak: the company is loss-making with continued negative operating results, cash burn (TTM operating cash flow about -$5.0M; free cash flow about -$4.7M), and negative equity (TTM stockholders’ equity about -$4.8M). The most significant issue is the drop to $0 reported revenue in 2024 and TTM, indicating a major operational disruption, partially offset by low stated debt (TTM total debt $0).

Income Statement

Profitability remains very weak: the company is loss-making across all periods provided, with TTM (Trailing-Twelve-Months) net income at roughly -$3.4M and negative operating earnings. Revenue has deteriorated materially versus prior years—2023 showed ~$12.0M of revenue, while 2024 and TTM show $0 revenue—making margins effectively non-meaningful and pointing to a major operational disruption. A positive is that the TTM net loss is smaller than 2024’s loss, but overall earnings quality and consistency are poor.

Balance Sheet

Leverage is low (TTM total debt is $0; 2024 debt was minimal), which reduces refinancing and interest risk. However, the balance sheet is structurally strained by negative equity (TTM stockholders’ equity about -$4.8M), which is a key red flag and limits financial flexibility. Total assets are modest (TTM ~$3.0M) and have fallen sharply from earlier years, suggesting a reduced asset base and less cushion against ongoing losses.

Cash Flow

Cash generation is consistently negative: TTM operating cash flow is about -$5.0M and free cash flow about -$4.7M, continuing a multi-year pattern of cash burn (large outflows in 2022–2024 as well). While free cash flow improved versus the prior year (positive growth rate off a very negative base), cash flow still does not cover day-to-day needs and implies ongoing reliance on financing or asset sales to fund operations. A relative positive is that free cash flow loss is slightly smaller than the net loss in TTM, but the overall cash profile remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	12.00M	23.29M	25.60M	5.64M
Gross Profit	45.00K	-1.00K	-900.00K	5.38M	11.67M	2.69M
EBITDA	-2.88M	-4.55M	-8.39M	-9.16M	-387.00K	-7.70M
Net Income	-3.44M	-7.60M	-9.23M	-9.91M	-2.10M	-9.09M
Balance Sheet
Total Assets	2.97M	4.82M	14.91M	14.94M	23.68M	18.31M
Cash, Cash Equivalents and Short-Term Investments	1.75M	3.17M	3.78M	3.84M	12.30M	9.78M
Total Debt	0.00	18.00K	115.00K	234.00K	327.00K	277.00K
Total Liabilities	7.78M	6.92M	9.80M	8.46M	9.49M	6.33M
Stockholders Equity	-4.82M	-2.10M	5.11M	6.48M	14.19M	11.97M
Cash Flow
Free Cash Flow	-4.72M	-7.74M	-9.91M	-9.71M	-206.00K	-9.95M
Operating Cash Flow	-4.99M	-7.74M	-9.91M	-9.66M	1.41M	-9.48M
Investing Cash Flow	5.29M	7.17M	2.21M	-152.00K	-1.60M	-4.00K
Financing Cash Flow	0.00	-19.00K	7.50M	1.55M	2.71M	14.60M

Golden Minerals Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AUMN, the sentiment is Negative. The current price of 0.27 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.31, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.90 is Neutral, neither overbought nor oversold. The STOCH value of 59.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AUMN.

Golden Minerals Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GORO	53 Neutral	$216.89M	-3.93	-92.98%	―	-15.35%	30.92%
USGO	52 Neutral	$178.33M	-24.05	-144.93%	―	―	37.18%
MERC	49 Neutral	$135.97M	-0.75	-39.37%	10.77%	-5.85%	9.13%
AUST	48 Neutral	$28.07M	-13.93	-19.37%	―	―	55.44%
LODE	47 Neutral	$151.23M	-1.51	-56.48%	―	48.99%	-47.78%
AUMN	44 Neutral	$4.06M	-1.19	―	―	-100.00%	61.16%