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Golden Minerals Co. (AUMN)
OTHER OTC:AUMN
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Golden Minerals Co (AUMN) AI Stock Analysis

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AUMN

Golden Minerals Co

(OTC:AUMN)

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Neutral 48 (OpenAI - Gpt-5.6Sol)
Rating:48Neutral
Price Target:
$0.22
▼(-3.04% Downside)
Action:Reiterated
Date:09/11/26
The score is held down primarily by weak financial performance—zero reported TTM revenue, ongoing operating losses, and sustained negative operating/free cash flow—despite a debt-free balance sheet. Technicals are only moderately supportive (above shorter-term averages but below the 200-day), valuation screens cheap on P/E, and corporate events are mildly positive but not enough to outweigh the core operating and cash-burn risks.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces interest burden and refinancing exposure, giving Golden Minerals greater flexibility while it evaluates exploration and development options. This financial structure can help preserve control of mineral assets and limit the impact of weak operating periods on creditors.
Negative Factors
No operating revenue
Zero reported TTM revenue and negative EBIT and EBITDA indicate that the core business is not currently demonstrating operating scale or self-funded production. Until revenue resumes, project advancement depends more heavily on successful development, transactions, or other funding sources.
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Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces interest burden and refinancing exposure, giving Golden Minerals greater flexibility while it evaluates exploration and development options. This financial structure can help preserve control of mineral assets and limit the impact of weak operating periods on creditors.
Read all positive factors

Golden Minerals Co (AUMN) vs. SPDR S&P 500 ETF (SPY)

Golden Minerals Co Business Overview & Revenue Model

Company Description
Golden Minerals Company is an enterprise dedicated to precious metals, engaging in the exploration, development, and operation of mineral properties rich in these valuable materials. The firm's prospecting activities primarily focus on gold, silve...
How the Company Makes Money
Golden Minerals Co. generates (or seeks to generate) revenue primarily through mining-related activities tied to its mineral assets. Where operating mines or processing activities are active, revenue is typically earned from selling produced metal...

Golden Minerals Co Financial Statement Overview

Summary
Overall fundamentals are weak: TTM revenue is $0, operating results are meaningfully negative (EBIT/EBITDA about -$2.8M), and cash generation is consistently negative (TTM operating cash flow and free cash flow about -$3.7M). The main offset is a debt-free balance sheet (total debt $0) and a modest equity recovery (TTM equity about $1.9M), but earnings quality looks low given positive net income alongside operating losses.
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
14
Very Negative
BreakdownTTMMar 2026Mar 2025Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.0012.00M23.29M25.60M
Gross Profit0.000.00-1.00K-900.00K5.38M11.67M
EBITDA-2.80M-3.54M-4.55M-8.39M-9.16M-387.00K
Net Income4.81M2.65M-7.60M-9.23M-9.91M-2.10M
Balance Sheet
Total Assets2.92M2.23M4.82M14.91M14.94M23.68M
Cash, Cash Equivalents and Short-Term Investments2.45M1.83M3.17M3.78M3.84M12.30M
Total Debt0.000.0018.00K115.00K234.00K327.00K
Total Liabilities1.03M1.36M6.92M9.80M8.46M9.49M
Stockholders Equity1.89M864.00K-2.10M5.11M6.48M14.19M
Cash Flow
Free Cash Flow-3.76M-2.69M-7.74M-9.91M-9.71M-206.00K
Operating Cash Flow-3.76M-2.69M-7.74M-9.91M-9.66M1.41M
Investing Cash Flow5.33M2.34M7.17M2.21M-152.00K-1.60M
Financing Cash Flow848.00K0.00-19.00K7.50M1.55M2.71M

Golden Minerals Co Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.23
Price Trends
50DMA
0.20
Positive
100DMA
0.19
Positive
200DMA
0.24
Negative
Market Momentum
MACD
<0.01
Positive
RSI
48.02
Neutral
STOCH
43.00
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 0.23 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.20, and below the 200-day MA of 0.24, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 43.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AUMN.

Golden Minerals Co Risk Analysis

Golden Minerals Co disclosed 31 risk factors in its most recent earnings report. Golden Minerals Co reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Golden Minerals Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
52
Neutral
$114.53M-18.55-210.04%-32.18%
51
Neutral
$214.30M-2.69-46.95%-69.07%56.69%
48
Neutral
$4.03M0.87-1116.47%
46
Neutral
$15.75M-6.38-34.90%1.50%
39
Underperform
$26.15M-0.05-638.67%8.62%-4.81%-372.95%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AUMN
Golden Minerals Co
0.21
-0.24
-52.67%
LODE
Comstock Mining
2.82
-0.05
-1.74%
GORO
Goldgroup Mining
3.60
0.47
15.05%
MERC
Mercer International
0.39
-2.71
-87.42%
AUST
Austin Gold Corp.
1.15
-0.65
-36.11%
USGO
U.S. GoldMining Inc.
8.16
-1.29
-13.65%

Golden Minerals Co Corporate Events

Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Golden Minerals Announces CEO Transition and Leadership Shift
Positive
Sep 10, 2026
Golden Minerals has announced that President and CEO Pablo Castanos resigned on September 4, 2026, effective September 30, 2026, to pursue another opportunity, while remaining on the board. The board has appointed long-time director and veteran ex...
Executive/Board ChangesShareholder Meetings
Golden Minerals shareholders affirm board and auditor appointments
Positive
Jul 10, 2026
At Golden Minerals Company&#8217;s annual meeting of stockholders held on June 12, 2026, shareholders voted on director elections and auditor ratification, with 36.03% of outstanding common shares present or represented by proxy. The meeting resul...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 11, 2026