Customers of Golden Minerals Co saw their costs of revenue decline by -14.36 % in Q2 compare to a year ago, sequentially costs of revenue grew by 11.33 %, for the same period Golden Minerals Co
Golden Minerals Co's Comment on Sales, Marketing and Customers
We are an emerging precious metals exploration company with silver and gold mining
properties in Mexico and a large silver advanced exploration project in Argentina.
Descriptions of the markets for these metals are provided below.
Silver Market
Silver has traditionally served as a medium of exchange, much like gold. Silver’s
strength, malleability, ductility, thermal and electrical conductivity, sensitivity
to light and ability to endure extreme changes in temperature combine to make
it a widely used industrial metal. While silver continues to be used as a form
of investment and a financial asset, the principal uses of silver are industrial,
primarily in electrical and electronic components, photography, jewelry, silverware,
batteries, computer chips, electrical contacts, and high technology printing.
Silver’s anti-bacterial properties also make it valuable for use in medicine
and in water purification. Additionally, the use of silver in the photovoltaic
and solar panel industries is growing rapidly, and new uses of silver are being
developed in connection with the use of superconductive wire and radio frequency
identification devices.
Golden Minerals Co’s Comment on Sales, Marketing and Customers
We are an emerging precious metals exploration company with silver and gold mining
properties in Mexico and a large silver advanced exploration project in Argentina.
Descriptions of the markets for these metals are provided below.
Silver Market
Silver has traditionally served as a medium of exchange, much like gold. Silver’s
strength, malleability, ductility, thermal and electrical conductivity, sensitivity
to light and ability to endure extreme changes in temperature combine to make
it a widely used industrial metal. While silver continues to be used as a form
of investment and a financial asset, the principal uses of silver are industrial,
primarily in electrical and electronic components, photography, jewelry, silverware,
batteries, computer chips, electrical contacts, and high technology printing.
Silver’s anti-bacterial properties also make it valuable for use in medicine
and in water purification. Additionally, the use of silver in the photovoltaic
and solar panel industries is growing rapidly, and new uses of silver are being
developed in connection with the use of superconductive wire and radio frequency
identification devices.
Sources:
Golden Minerals Co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Golden Minerals Co’s corporate clients.
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