AUM.TO  Golden Minerals Co

Exchange

TSX

Sector

Mining

Industry

Market Cap.

80.03M

Vuru Grade

2.50/100

Current Price

$0.90
+0.03 (+3.45%)

Company Metrics

  • P/E 0
  • P/S 11.46
  • P/B 9.56
  • EPS -0.17
  • Cash ROIC -71.62%
  • Cash Ratio 0.65
  • Dividend 0 / 0%
  • Avg. Vol. 34,064.00
  • Shares 52.97M
  • Market Cap. 80.03M

Company Description

Golden Minerals Company engages in the exploration and development of precious metals and other mineral properties in Mexico and South America. It explores for gold, silver, copper, zinc, and lead ores. The company primarily focuses on exploring the El Quevar silver project that comprises 27 concessions totaling approximately 63,000 hectares located in the Salta province of Argentina. It also owns... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Golden Minerals reckons it could have 94000toz of gold at Rodeo
Proactive Investors USA & Canada - Jan 26, 2017
Mexico-focused miner Golden Minerals Co (TSE:AUM) reckons its Rodeo property could be host to as much as 94,000 troy ounces (toz) of gold and more than 1mln toz of silver after it completed an NI 43-101 compliant resource estimate.
0.81
MarketWatch - Feb 28, 2017
Golden Minerals Co. engages in the mining, exploration, and development of mineral properties in Mexico and South America. It explores for silver and gold doré bars, precipitates, lead, zinc, and pyrite concentrates.
Golden Minerals Discovers New Silver And Gold Mineralization In Guanajuato
PR Newswire (press release) - Jul 7, 2015
GOLDEN, Colo., July 7, 2015 /PRNewswire/ -- Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE MKT: AUMN) (TSX: AUM) has released results from three exploration drill holes at its Celaya project in Guanajuato, Mexico.
Sentient Group Converts Remaining Debt To Golden Minerals Shares
PR Newswire (press release) - Jun 13, 2016
GOLDEN, Colo., June 13, 2016 /PRNewswire/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") is pleased to announce that The Sentient Group ("Sentient") has elected to convert the remaining principal and ...
Operations Outlook for Golden Minerals Co (NYSEMKT:AUMN)
The Oracle Dispatch - Nov 3, 2016
Golden Minerals Co (NYSEMKT:AUMN) is a mid-tier Mexican miner with high growth prospects. Mining companies worldwide are benefiting from rising prices for precious metals, and that's leading to a real bounce for companies like Golden Minerals Co.
Golden Minerals Begins Drill Program at San Luis del Cordero
PR Newswire (press release) - Mar 2, 2016
GOLDEN, Colo., March 2, 2016 /PRNewswire/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") announced today that it has started a 3,000-meter drilling program on the Santa Rosa vein in the San Luis del ...
Sentient Group Converts Debt To Golden Minerals Shares
PR Newswire (press release) - Feb 12, 2016
GOLDEN, Colo., Feb. 12, 2016 /PRNewswire/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") is pleased to announce that The Sentient Group has elected to convert a portion of the principal plus interest ...
Golden Minerals Provides Financial And Meeting Updates
PR Newswire (press release) - Dec 18, 2015
GOLDEN, Colo., Dec. 18, 2015 /PRNewswire/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") has provided an update to its anticipated year-end cash position and information regarding the January 2016 ...
Ignyta (RXDX) Reaches $8.98 After 3.00% Up Move, Golden Minerals Co Has 1.22 ...
Herald KS - Mar 24, 2017
Tethyan Resources plc, formerly Aurasian Minerals plc, is a junior exploration company. The company has market cap of 7.20 million GBP.
The Preliminary Economic Assessment For Santa Maria Project Was Recently ...
Traders350 - Feb 21, 2017
Golden Minerals Co (NYSEMKT:AUMN) recently announced the preliminary results, when it comes to the economic assessment, based on the Santa Maria project, which is a silver and gold project, which is located in Mexico.
Summary of Stock Move: Golden Minerals Company (NYSEMKT:AUMN) - Is stories
This Weeks Target Prices For Golden Minerals Company (AUMN) - NewsDen
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for AUM.TO to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate AUM.TO's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$0.90 Current Price

$-1.07 Growth Price (DCF)

Why is this negative?


Show Free Cash Flow numbers

$0.47 Book Price

Overvalued by 47.22%


Very Poor Cash Return on Invested Capital over the past 5 years

AUM.TO has failed to generate positive returns on its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

AUM.TO has lost $71.62 of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20112012201320142015
Free Cash Flow -75.09M -46.26M -29.68M -18.96M -9.98M
divided by
Invested Capital 348.79M 290.15M 29.85M 28.39M 6.46M
Cash ROIC -21.53% -15.94% -99.41% -66.79% -154.43%

Very Poor Return on Equity over the past 5 years

AUM.TO has shown an inability to deliver results for shareholders. This could be due to poor management, AUM.TO operating in a highly competitive industry, or having a weak business in general.

AUM.TO has generated a $190.48 loss for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20112012201320142015
Net Income -62.67M -92.03M -240.38M -18.82M -25.38M
divided by
Stockholders' Equity 337.77M 285.27M 46.46M 32.73M 7.77M
Return on Equity -18.55% -32.26% -517.44% -57.50% -326.64%

Poor Business Performance over the past 10 years

AUM.TO's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

AUM.TO has been losing money for the majority of the past 10 years.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Free Cash Flow -347.65M -314.89M -167.01M -42.52M -32.06M -75.09M -46.26M -29.68M -18.96M -9.98M

Weak Balance Sheet

AUM.TO's financial position is not ideal. The key is to check whether AUM.TO is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Cash 440.72M 92.98M 50.07M 9.01M 121.59M 48.65M 44.65M 19.26M 8.68M 4.15M
Current Assets 488.98M 168.81M 168.52M 12.56M 123.29M 58.40M 54.79M 22.48M 12.23M 5.88M
Total Assets 1.27B 1.32B 606.35M 21.70M 135.62M 413.02M 348.10M 54.88M 41.26M 17.00M
Current Liabilities 94.87M 368.91M 581.13M 2.49M 3.00M 15.58M 13.31M 5.77M 4.19M 6.39M
Total Liabilities 1.37B 1.41B 805.43M 3.94M 3.80M 75.25M 62.83M 8.43M 8.52M 9.23M
Stockholder' Equity -103.29M -84.10M -199.08M 17.76M 131.82M 337.77M 285.27M 46.46M 32.73M 7.77M
Current Ratio 5.15 0.46 0.29 5.04 41.12 3.75 4.12 3.90 2.92 0.92
TL-to-TA 1.08 1.06 1.33 0.18 0.03 0.18 0.18 0.15 0.21 0.54

Low or No Reinvestment of Profits over the past 10 years

AUM.TO has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to AUM.TO operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Retained Earnings -773.34M -761.78M -880.02M -20.28M -53.55M -116.22M -208.25M -448.63M -452.00M -477.38M
Retained Earnings Growth - 1.49% -15.52% 97.70% -164.11% -117.03% -79.18% -115.43% -0.75% -5.62%

Erratic Net Profit Margins over the past 10 years

AUM.TO has had highly erratic net profit margins which are a great cause for concern. This company may operate in a highly volatile industry, or it may just have poor performance. Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Net Income -513.55M 11.56M -118.24M 219.19M -33.27M -62.67M -92.03M -240.38M -18.82M -25.38M
divided by
Revenue - 45.93M 419.51M 12.42M 11.22M 1.84M 26.09M 10.68M 235,000.00 8.07M
Net Profit Margin - 25.16% -28.18% 1,765.26% -296.67% -3,413.45% -352.78% -2,250.75% -8,009.79% -314.50%

Erratic Gross Profit Margins over the past 10 years

AUM.TO has had highly erratic gross profit margins which are a great cause for concern. This company may operate in a highly volatile industry, or it may just have poor performance. Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Gross Profit -8.32M 2.99M 73.31M 8.67M 8.65M -4.25M -7.28M -6.85M -1.42M -5.63M
divided by
Revenue - 45.93M 419.51M 12.42M 11.22M 1.84M 26.09M 10.68M 235,000.00 8.07M
Gross Margin - 6.51% 17.48% 69.79% 77.12% -231.48% -27.92% -64.18% -604.26% -69.73%

High Capital Intensity over the past 10 years

AUM.TO spends large amounts of capital buying new equipment or investing in new facilities to stay competitive. Over the long term, those costs may have to be fuelled by debt. Look at the growth of Shareholders' Equity to see if this strategy is having a positive or negative impact.

645.32% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Capital Expenditure 276.92M 148.86M 27.45M 5.42M 4.21M 8.49M 9.62M 1.80M 500,000.00 44,000.00
divided by
Net Income -513.55M 11.56M -118.24M 219.19M -33.27M -62.67M -92.03M -240.38M -18.82M -25.38M
Capital Expenditure Ratio -53.92% 1,288.16% -23.22% 2.47% -12.66% -13.55% -10.45% -0.75% -2.66% -0.17%

No Dividend History over the past 10 years

AUM.TO has never distributed dividends or has recently suspended their dividend distribution.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Dividend Paid - - -236.93M -3.50M - - - - - -
divided by
Shares Outstanding 56.50M 59.07M 58.95M 19.54M 8.95M 21.28M 37.52M 42.84M 45.86M 52.97M
Dividend Paid Per Share - - -4.02 -0.18 - - - - - -
Price at Year End - - - 10.74 26.60 5.89 4.48 0.49 0.63 0.28
Dividend Yield - - - -1.67% - - - - - -

History of Stock Buybacks over the past 10 years

AUM.TO has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Shares Outstanding 56.50M 59.07M 58.95M 19.54M 8.95M 21.28M 37.52M 42.84M 45.86M 52.97M
Stock Bought Back - -4.35% 0.21% 201.75% 118.32% -57.95% -43.29% -12.41% -6.59% -13.42%
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