Golden Minerals Co. (AUMN) intrinsic value & 10-year financials

Golden Minerals Co. (AUMN) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.20
Market cap
$32.4M
Revenue (FY2024)
—
Revenue growth (10-yr CAGR)
5.1%
ROIC (10-yr avg)
-212.6%
Free cash flow (FY2024)
—

AUMN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 — -$7.6M — — — -560.5%
FY2023 $12.0M -$9.2M — — -76.0% -459.3%
FY2022 $23.3M -$9.9M — -$9.7M -43.6% -388.0%
FY2021 $25.6M -$2.1M -$0.01 -$206.0K -5.7% -11.2%
FY2020 $5.6M -$9.1M -$0.07 -$10.0M -156.1% -100.2%
FY2019 $7.7M -$5.4M — -$4.4M -65.3% -76.3%
FY2018 $7.2M -$1.9M — -$5.9M -27.2% -24.9%
FY2017 $6.7M -$3.9M — -$1.7M -57.7% -47.0%
FY2016 $6.4M -$10.7M — -$6.3M -98.8% -132.1%
FY2015 $8.1M -$25.4M — -$10.0M -373.7% -326.6%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Golden Minerals Co revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Golden Minerals Co has historically struggled to out-earn its cost of capital, averaging just -4.7% ROIC.

Golden Minerals Co capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Golden Minerals Co is modeled at 5.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.76 per share.

AUMN stock: frequently asked questions

What is AUMN's return on invested capital?

Average ROIC over the last 10 fiscal years was -212.6%, and average return on equity was -149.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AUMN data come from?

From Golden Minerals Co.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 28, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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