Press Release: Golden Minerals Reports Third Quarter 2021 Results
Press Release: Golden Minerals Reports Third Quarter 2021 Results
Golden Minerals Reports Third Quarter 2021 Results
Gold Minerals公佈2021年第三季度業績
GOLDEN, Colo.--(BUSINESS WIRE)--November 04, 2021--
科羅拉多州戈爾登--(美國商業連線)--2021年11月4日--
Golden Minerals Company ("Golden Minerals", "Golden" or the "Company") (NYSE American: AUMN and TSX: AUMN) today provided financial results and a business summary for the quarter ending September 30, 2021.
Golden Minerals Company(以下簡稱“Golden Minerals”、“Golden”或“公司”)(紐約證券交易所美國股票代碼：AUMN和多倫多證券交易所代碼：AUMN)今天公佈了截至2021年9月30日的季度財務業績和業務摘要。
Third Quarter Summary Financial Results - Highlights
第三季度財務業績摘要-要點
(All currency expressed in approximate USD)
(所有貨幣均以近似美元表示)
-- Revenue of $8.5 million yielding a net operating margin of $4.2 million
in the third quarter 2021, from mining operations at the Company's Rodeo
gold-silver mine in Mexico. In the third quarter 2020, the Company
recorded revenue of $2.1 million and a net operating margin of $1.6
million from the lease of the Company's oxide mill.
-- $8.8 million cash and cash equivalents balance as of September 30, 2021,
compared to $6.9 million at June 30, 2021.
-- Net income of $0.4 million in the third quarter 2021, compared to a net
loss of $1.3 million in the third quarter 2020.
-收入850萬美元，淨營業利潤率為420萬美元2021年第三季度，從公司競技表演的採礦業務中墨西哥的金銀礦。在2020年第三季度，公司記錄的收入為210萬美元，淨營業利潤率為1.6美元從本公司氧化物工廠的租賃中獲得100萬美元。-截至2021年9月30日的現金和現金等價物餘額為880萬美元，相比之下，截至2021年6月30日，這一數字為690萬美元。-2021年第三季度淨收入為40萬美元，而2021年第三季度為淨收入2020年第三季度虧損130萬美元。
Third Quarter Business Summary
第三季度業務摘要
-- Produced 4,777 payable gold ounces and 12,196 payable silver ounces
(4,942 gold equivalent ("AuEq") ounces) with total cash costs, net of
silver by-product credits, per payable ounce of gold of $865.1
-- Sold 4,804 AuEq oz. in doré, with 1,042 AuEq oz. in doré
inventory at the end of the quarter.
-- Reported grades processed of 4.0 grams per tonne ("g/t") gold and 9 g/t
silver during the quarter.
-- Processed at an average rate of 532 tonnes per day ("tpd") during the
quarter.
-- Reported several potentially resource-grade intercepts from exploration
drilling at Rodeo. The program, which has the potential to expand the
life of the Rodeo mine beyond the currently estimated life of around 2
1/4 years, concluded in October. Full results are expected before year
end.
-- Continued limited scale test mining activities at Velardeña for
further study of selective mining methods and to produce crushed run of
mine material and sulfide concentrates for additional flotation
separation studies and final optimization of a bio-oxidation plant
design. Results of these studies are expected in Q1 2022, after which
time the Company anticipates making a development decision.
-生產4777枚應付金盎司和12196枚應付銀盎司(4942黃金當量(“AuEq”)盎司)加上總現金成本，扣除銀副產品抵免，每盎司應付黃金865.1美元-售出4804 AuEq oz。在多雷，1042 AuEq oz。在多雷季度末的庫存。-據報道，加工品級為每噸4.0克黃金和9克/噸黃金本季度的銀牌。--平均每天處理532公噸(“tpd”)25美分。-報告了幾個潛在的資源級勘探截獲在競技場演練。該計劃有可能擴大羅迪奧礦的壽命超過了目前估計的約2500年的壽命1/4年，10月份結束。預計年前將公佈全部結果結束。-繼續在Velardeña進行有限規模的試採活動進一步研究精選採礦方法，生產破碎原礦附加浮選用礦料和硫化物精礦一種生物氧化裝置的分離研究及最終優化設計。這些研究的結果預計將在2022年第一季度公佈，之後公司預計做出開發決策的時間。
(1) Gold equivalents based on actual gold and silver prices realized during the third quarter 2021.
(1)根據2021年第三季度實現的實際黃金和白銀價格計算的黃金等價物。
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, "We are pleased to report our first-ever profitable quarter from mining operations based on continuing strong results from gold-silver production at Rodeo. We lowered our cash operating costs to $865 per payable gold ounce in the quarter. Looking forward, we remain on course to achieve the higher end of our 2021 production guidance of 12,000 - 14,000 oz gold and have already exceeded our guidance of 25,000 - 30,000 oz silver."
Golden Minerals總裁兼首席執行官沃倫·雷恩(Warren Rehn)評論説：“我們很高興報告我們有史以來第一個盈利的採礦業務季度，這是基於Rodeo金銀生產的持續強勁業績。我們在本季度將現金運營成本降至每盎司865美元。展望未來，我們仍將實現2021年黃金產量指引的較高端，即12,000-14,000盎司黃金，並且已經超過了我們25,000-30,000盎司白銀的指引。”
Quarterly Conference Call and Webcast
季度電話會議和網絡廣播
Management will be holding a conference call and webcast on Tuesday, November 9, 2021 at 11:00 a.m. Eastern Time to discuss third quarter 2021 financial results and recent project updates. You are invited to join the webcast at Golden Minerals Q3 2021 Earnings Call and Webcast. Please plan to join 10 minutes prior to the start time.
管理層將於2021年11月9日(星期二)上午11：00召開電話會議並進行網絡直播。東部時間討論2021年第三季度財務業績和最近的項目更新。我們誠邀您參加Golden Minerals 2021年第三季度財報電話會議和網絡直播的網絡直播。請在開始時間前10分鐘計劃加入。
The webcast will also be available on the Golden Minerals website at http://www.goldenminerals.com after November 9, 2021.
2021年11月9日之後，黃金礦業公司的網站http://www.goldenminerals.com也將播放網絡直播。
Third Quarter 2021 Financial Results
2021年第三季度財務業績
The Company reported revenue of $8.5 million from doré sales, $4.3 million costs of metals sold and $4.2 million in net operating margin in the third quarter 2021, all related to gold-silver production at the Rodeo mine. Exploration expenditures were $2.1 million during the quarter and included continued drilling at Rodeo targeting resource expansion, commencement of an initial drill program at the Sarita Este gold-copper project in Salta Province, Argentina, and other general exploration and holding costs related to the Company's portfolio of exploration projects. Velardeña care and maintenance expenses were $0.4 million in the quarter and include costs related to test mining in advance of a production decision. El Quevar project expense was $0.1 million and includes costs of exploration and evaluation activities, care and maintenance, and property holding costs, net of reimbursements from Barrick Gold under the terms of an Earn-In Agreement. Administrative expenses totaled $0.9 million and include costs associated with being a public company that are incurred primarily by the Company's corporate activities in support of the Rodeo Property, the Velardeña Properties, the Yoquivo project and the balance of the Company's exploration portfolio. Net income was $0.4 million or $0.00 per share.
該公司公佈，2021年第三季度多雷銷售收入為850萬美元，金屬銷售成本為430萬美元，淨營業利潤率為420萬美元，所有這些都與Rodeo礦的金銀生產有關。該季度的勘探支出為210萬美元，其中包括羅迪奧的持續鑽探，目的是擴大資源，開始阿根廷薩爾塔省Sarita Este金-銅礦項目的初步鑽探計劃，以及與該公司的勘探項目組合相關的其他一般勘探和持有成本。Velardeña本季度的護理和維護費用為40萬美元，其中包括與生產決定之前的試採相關的成本。El Quevar項目支出為10萬美元，包括勘探和評估活動、護理和維護以及財產持有成本，根據收入協議條款，扣除巴里克黃金公司的補償後的淨額。管理費用總計90萬美元，包括與上市公司相關的成本，這些成本主要由公司為支持Rodeo地產、Velardeña地產、Yoquivo項目和公司勘探組合的餘額而開展的企業活動產生。淨收益為40萬美元，合每股0.00美元。
Twelve Month Financial Outlook
12個月財務展望
The Company ended the third quarter 2021 with a cash balance of $8.8 million and anticipates receiving approximately $11.0 to $12.0 million in net operating margin (defined as revenue from the sale of metals less costs of metals sold) from the Rodeo operation during the 12 months ending September 30, 2022, assuming average gold and silver prices during that period of $1,800 and $25.00 oz, respectively. The Company also anticipates receiving the second installment of $1.5 million due to Golden Minerals from Fabled Silver Gold Corp. in December 2021 under the terms of an agreement for the sale of the Company's Santa Maria project.
截至2021年第三季度，該公司的現金餘額為880萬美元，並預計在截至2022年9月30日的12個月內，從Rodeo業務中獲得約110萬至1200萬美元的淨營業利潤率(定義為銷售金屬的收入減去出售金屬的成本)，假設同期黃金和白銀的平均價格分別為1800美元和25.00盎司。根據出售公司聖瑪麗亞項目的協議條款，公司還預計將於2021年12月從傳説中的銀金公司收到第二期150萬美元的Golden Minerals欠款。
The Company's currently forecasted expenditures during the 12 months ending September 30, 2022, apart from Rodeo costs of metals sold which are included in the net operating margin forecast, total approximately $10.0 million as follows:
在截至2022年9月30日的12個月中，公司目前預測的支出總額約為1000萬美元，不包括銷售金屬的競技成本(包括在淨營業利潤率預測中)：
-- $4.9 million on exploration activities and property holding costs
associated with the Company's portfolio of exploration properties located
in Mexico, Argentina and Nevada, including project assessment and
evaluation costs relating to additional exploration at Rodeo, Yoquivo and
other properties;
-- $0.8 million at the Velardeña Properties for care and maintenance;
-- $0.6 million at the El Quevar project to fund care and maintenance and
property holding costs, net of reimbursement from Barrick; and
-- $3.7 million in general and administrative costs.
-490萬美元，用於勘探活動和財產持有費用與公司位於的勘探物業組合相關在墨西哥、阿根廷和內華達州，包括項目評估和與Rodeo，Yoquivo和Rodeo的額外勘探有關的評估費用其他財產；-Velardeña Properties提供80萬美元，用於護理和維修；-El Quevar項目撥款60萬美元，用於護理和維護物業持有成本，扣除巴里克的報銷淨額；以及-一般及行政費370萬元。
Additional information regarding third quarter 2021 financial results can be found in the Company's 10-Q Quarterly Report which is available on the Golden Minerals website at www.goldenminerals.com.
有關2021年第三季度財務業績的更多信息可在公司的10-Q季度報告中找到，該報告可在Golden Minerals的網站www.goldenminals.com上找到。
About Golden Minerals
關於黃金礦產
Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.
Gold Minerals是一家總部位於科羅拉多州戈爾德市的不斷增長的黃金和白銀生產商。該公司主要專注於從其Rodeo礦生產黃金和白銀，推進其在墨西哥的Velardeña Properties，並通過合作伙伴資助的勘探活動，推進其在阿根廷的El Quevar銀礦，以及收購和推進在墨西哥、內華達州和阿根廷的精選採礦資產。
Financial Statements
財務報表
CONDENSED CONSOLIDATED BALANCE SHEETS
(US Dollars, unaudited)
September 30, December 31,
2021 2020
-------------------- ------------
(in thousands, except share data)
Assets
Current assets
Cash and cash equivalents $ 8,800 $ 9,704
Short-term investments 102 79
Lease receivables -- 72
Inventories, net 1,857 284
Value added tax receivable,
net 1,103 45
Prepaid expenses and other
assets 859 1,130
--- --------------- -----------
Total current assets 12,721 11,314
Property, plant and equipment,
net 6,521 5,520
Other long term assets 820 1,472
--- --------------- -----------
Total assets $ 20,062 $ 18,306
=== =============== ===========
Liabilities and Equity
Current liabilities
Accounts payable and other
accrued liabilities $ 3,346 $ 1,318
Deferred revenue, current 116 535
Other current liabilities 325 667
--- --------------- -----------
Total current liabilities 3,787 2,520
Asset retirement and reclamation
liabilities 3,274 3,166
Other long term liabilities 400 648
--- --------------- -----------
Total liabilities 7,461 6,334
--- --------------- -----------
Commitments and contingencies
Equity
Common stock, $.01 par value,
350,000,000 shares
authorized; 162,804,612 and
157,512,652 shares issued and
outstanding respectively 1,628 1,575
Additional paid in capital 540,416 536,263
Accumulated deficit (529,443) (525,866)
--- --------------- -----------
Shareholders' equity 12,601 11,972
--- --------------- -----------
Total liabilities and equity $ 20,062 $ 18,306
壓縮合並資產負債表(美元，未經審計)九月三十日，十二月三十一日， 2021 2020 -------------------- ------------ (單位為千，共享數據除外)資產流動資產現金及現金等價物$8,800$9,704短期投資102 79應收租賃款--72庫存，淨額1,857,284應收增值税，淨額1103 45預付費用和其他費用資產859 1130 --- --------------- ----------- 流動資產總額12,721 11,314財產、廠房和設備，淨額6,521,5520其他長期資產820 1,472 --- --------------- ----------- 總資產20,062美元18,306美元 === =============== =========== 負債和權益流動負債應付帳款和其他應計負債$3,346$1,318遞延收入，目前為116 535其他流動負債325 667 --- --------------- ----------- 流動負債總額3787 2520資產報廢和回收負債3,274,3166其他長期負債400 648 --- --------------- ----------- 總負債7,4616,334 --- --------------- ----------- 承諾和或有事項權益普通股，面值0.01美元，350,000,000股授權；162,804,612及157,512,652股已發行和未償還的分別為1,628,575額外實繳資本540,416 536,263累計赤字(529,443)(525,866) --- --------------- ----------- 股東權益12,601，11,972 --- --------------- ----------- 負債和權益總額20,062美元18,306美元
譯文內容由第三人軟體翻譯。