Companies · Mining & Resources

Golden Minerals Co

GOLDEN · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Golden Minerals Co — recommendation, valuation, rhythm, risks.
$21.3M
Total raised · real
5
Rounds
0.7×
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Thu Jun 29 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Golden Minerals Co looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.80× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
  • Within the normal band (80% of peer median) for its niche.
At-risk
  • Last raise 3.0 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

Golden Minerals Co is one of 701 Mining & Resources companies tracked from GOLDEN. By capital raised it ranks among the largest (ahead of 90% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2023-06-29
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeed · 2016-05-06 Raised $4.0M (real) Modeled valuation $21M (est)$4.0M$21MSeed2016Series A · 2018-07-17 Raised $10M (real) Modeled valuation $44M (est)$10M$44MSeries A2018Series A · 2019-07-19 Raised $2.3M (real) Modeled valuation $9.8M (est)$2.3M$9.8MSeries A2019Series A · 2020-04-22 Raised $3.0M (real) Modeled valuation $13M (est)$3.0M$13MSeries A2020Series A · 2023-06-29 Raised $2.1M (real) Modeled valuation $6.7M (est)$2.1M$6.7MSeries A2023+$10M+$2.3M+$3.0M+$2.1MCumulative $21M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$4.0M · 2016
Series A$10.0M · 2018
Series A extension$2.3M · 2019
Series A extension$3.0M · 2020
Series A extension$2.1M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$6.7M
Base estimate est.
$2.7M
Conservative case
$18.2M
Upside case
$9.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Seed · modeled $21.5M · 2016-05-062016Series A · modeled $43.7M · 2018-07-17Series A · modeled $9.8M · 2019-07-19Series A · modeled $13.1M · 2020-04-22Series A · modeled $6.7M · 2023-06-292023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$3.0M/yr
Capital velocity
10.2 yr
On record since
2016
First round
5
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 9.3× above median
This company$21.3M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$2.1M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 2.6× above median
This company$6.7M
Sector median$2.5M

Raised more than 90% of sector peers (real $). Modeled value above 74% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #22 of 40.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)360 Mining, Inc. · Series A Raised $12.8M · modeled $43.7M (est)Arizona Sonoran Copper Co Inc. · Series A Raised $11.1M · modeled $35.5M (est)Reunion Gold Corp · Series A Raised $19.8M · modeled $34.8M (est)American Strategic Metals Corp. · Series A Raised $11.4M · modeled $34.4M (est)MERIT Mining Ohio, LLC · Series A Raised $10.0M · modeled $33.9M (est)Northern Dynasty Minerals Ltd · Series A Raised $23.2M · modeled $31.0M (est)Monetary Metals Bond II, LLC · Series A Raised $8.5M · modeled $29.2M (est)Liberty Gold Corp. /CAN · Series A Raised $10.5M · modeled $27.1M (est)Silver Tiger Metals Inc. · Series A Raised $7.6M · modeled $25.1M (est)Filo Mining Corp. · Series A Raised $7.5M · modeled $24.2M (est)Allied Gold Corp · Series A Raised $6.9M · modeled $21.8M (est)Contango ORE, Inc. · Series A Raised $5.7M · modeled $19.3M (est)Golden Minerals Co (this company) Raised $21.3M · modeled $6.7M (est)Golden Minerals Co
CompanyStageRaised · realValue · estvs peer med.
360 Mining, Inc.Series A$12.8M$43.7M5.25×
Arizona Sonoran Copper Co Inc.Series A$11.1M$35.5M4.28×
Reunion Gold CorpSeries A$19.8M$34.8M4.19×
American Strategic Metals Corp.Series A$11.4M$34.4M4.14×
MERIT Mining Ohio, LLCSeries A$10.0M$33.9M4.08×
Northern Dynasty Minerals LtdSeries A$23.2M$31.0M3.73×
Monetary Metals Bond II, LLCSeries A$8.5M$29.2M3.52×
Liberty Gold Corp. /CANSeries A$10.5M$27.1M3.26×
Silver Tiger Metals Inc.Series A$7.6M$25.1M3.02×
Filo Mining Corp.Series A$7.5M$24.2M2.91×
Allied Gold CorpSeries A$6.9M$21.8M2.62×
Contango ORE, Inc.Series A$5.7M$19.3M2.33×
Golden Minerals Co this companySeries A$21.3M$6.7M0.80×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$4.0M2016-05-06$20.0M$21.5M85%
Series A$10.0M2018-07-17$45.5M$43.7M90%
Series A$2.3M2019-07-19$10.2M$9.8M90%
Series A$3.0M2020-04-22$13.6M$13.1M90%
Series A$2.1M2023-06-29$9.4M$6.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$4.0M2016-05-06
    • First recorded raise — entered as Seed.
    • 4 investors on this round.
  2. Series A$10.0M2018-07-17
    • Raised again after 26 mo — slower than the ~11 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
  3. Series A$2.3M2019-07-19
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series A$3.0M2020-04-22
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 3 investors on this round.
  5. Series A$2.1M2023-06-29
    • Raised again after 38 mo — slower than the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~21mo cadence
$2.1M
Modeled next size est.range $2.1M$3.3M
0.7×
Last step-up
$3.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
W. Durand Eppler2 other2023-06
Kevin R. Morano1 other2016-05
Andrew N. Pullar2016-05
David H. Watkins2016-05
Deborah J. Friedman2023-06
Ian G. Masterton-Hume2016-05
Jeffrey G. Clevenger2016-05
Julie Z. Weedman2023-06
Robert P. Vogels2016-05
Terry M. Palmer2016-05
Warren M. Rehn2016-05
W. Durand G. Eppler2016-05
Registry & provenance

Golden Minerals Co is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1011509
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Bear Creek Mining CorpMining & ResourcesSeries A$10.2M$1.7Mnetwork1 shared operator · same sector · same stage
Japan Gold Corp.Mining & ResourcesSeries A$20.6M$2.6Msame sector · same stage
Western Uranium & Vanadium Corp.Mining & ResourcesSeries A$20.5M$3.0Msame sector · same stage
Applied Minerals, Inc.Mining & ResourcesSeries A$19.5M$4.0Msame sector · same stage
GoviEx Uranium Inc.Mining & ResourcesSeries A$18.9M$968Ksame sector · same stage
Eco Oro Minerals Corp.Mining & ResourcesSeries A$24.5M$10.3Msame sector · same stage
RTG Mining Inc.Mining & ResourcesSeries A$18.3M$6.1Msame sector · same stage
Nevada King Gold Corp.Mining & ResourcesSeries A$25.3M$10.7Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Golden Planet Mining Corp.Mining & ResourcesPre-Seed$1.9M90%
Golden Independence Mining Corp.Mining & ResourcesPre-Seed$1.0M89%
Goldrich Mining CoMining & ResourcesSeed$648K88%
GS Mining Co LLCMining & ResourcesSeries B$96.0M87%
GRP Minerals CorpMining & ResourcesSeries A$3.9M87%
Westmountain Gold, Inc.Mining & ResourcesSeries A$19.7M86%
Gold Bull Resources Corp.Mining & ResourcesPre-Seed$2.1M86%
Lucky Minerals Inc.Mining & ResourcesPre-Seed$885K86%
Frequently asked
How much funding has Golden Minerals Co raised?
Golden Minerals Co has raised approximately $21.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Golden Minerals Co's estimated valuation?
Provath's modeled valuation for Golden Minerals Co is approximately $6.7M (modeled range $2.7M–$18.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Golden Minerals Co at?
Golden Minerals Co's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Jun 29.
What does Golden Minerals Co do and where is it based?
Golden Minerals Co operates in the Mining & Resources sector, based in GOLDEN.
Explore related

See where Golden Minerals Co sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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