Golden Minerals Company
US ˙ OTCPK ˙ US3811191069

Introduction

This page provides a comprehensive analysis of the known insider trading history of Mining PLC Hochschild. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Mining PLC Hochschild has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:GORO / Gold Resource Corporation 10% Owner 2,176,874
US:AUMN / Golden Minerals Company 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Mining PLC Hochschild. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases AUMN / Golden Minerals Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in AUMN / Golden Minerals Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

AUMN / Golden Minerals Company Insider Trades
Insider Sales AUMN / Golden Minerals Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in AUMN / Golden Minerals Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2010-11-03 AUMN Hochschild Mining PLC 400,000 16,000 335 4256.25

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

AUMN / Golden Minerals Company Insider Trades
Insider Purchases GORO / Gold Resource Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in AUMN / Golden Minerals Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

GORO / Gold Resource Corporation Insider Trades
Insider Sales GORO / Gold Resource Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in AUMN / Golden Minerals Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2014-07-24 GORO Hochschild Mining PLC 3,483,081 4.8500 3,483,081 4.8500 16,892,943 361 2.0000 -9,926,780 -58.76
2014-07-23 GORO Hochschild Mining PLC 95,372 5.0350 95,372 5.0350 480,198
2014-07-22 GORO Hochschild Mining PLC 110,412 4.9230 110,412 4.9230 543,558
2014-07-21 GORO Hochschild Mining PLC 67,567 5.0180 67,567 5.0180 339,051
2014-07-18 GORO Hochschild Mining PLC 76,530 5.0260 76,530 5.0260 384,640
2014-07-17 GORO Hochschild Mining PLC 38,152 5.0220 38,152 5.0220 191,599
2014-07-16 GORO Hochschild Mining PLC 48,859 4.9700 48,859 4.9700 242,829
2014-07-15 GORO Hochschild Mining PLC 7,059 4.9600 7,059 4.9600 35,013
2014-07-14 GORO Hochschild Mining PLC 22,646 4.9600 22,646 4.9600 112,324
2014-07-11 GORO Hochschild Mining PLC 150,322 5.0700 150,322 5.0700 762,133
2014-05-20 GORO Hochschild Mining PLC 925,000 4.2180 925,000 4.2180 3,901,650
2014-05-14 GORO Hochschild Mining PLC 1,050,000 3.9300 1,050,000 3.9300 4,126,500
2014-05-13 GORO Hochschild Mining PLC 1,200,000 3.9100 1,200,000 3.9100 4,692,000
2013-12-12 GORO Hochschild Mining PLC 1,800,000 4.3600 1,800,000 4.3600 7,848,000
2013-07-11 GORO Hochschild Mining PLC 3,375,000 7.6000 3,375,000 7.6000 25,650,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

GORO / Gold Resource Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Mining PLC Hochschild as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2014-07-25 2014-07-24 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -3,483,081 2,176,874 -61.54 4.85 -16,892,943 10,557,839
2014-07-25 2014-07-23 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -95,372 5,659,955 -1.66 5.04 -480,198 28,497,873
2014-07-23 2014-07-22 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -110,412 5,755,327 -1.88 4.92 -543,558 28,333,475
2014-07-23 2014-07-21 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -67,567 5,865,739 -1.14 5.02 -339,051 29,434,278
2014-07-21 2014-07-18 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -76,530 5,933,306 -1.27 5.03 -384,640 29,820,796
2014-07-21 2014-07-17 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -38,152 6,009,836 -0.63 5.02 -191,599 30,181,396
2014-07-17 2014-07-16 4/A GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -48,859 6,047,988 -0.80 4.97 -242,829 30,058,500
2014-07-17 2014-07-15 4/A GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -7,059 6,096,847 -0.12 4.96 -35,013 30,240,361
2014-07-17 2014-07-14 4/A GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -22,646 6,103,906 -0.37 4.96 -112,324 30,275,374
2014-07-17 2014-07-11 4/A GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -150,322 6,126,552 -2.39 5.07 -762,133 31,061,619
2014-07-16 2014-07-16 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -7,059 6,089,788 -0.12 4.96 -35,013 30,205,348
2014-07-16 2014-07-15 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -7,059 6,096,847 -0.12 4.96 -35,013 30,240,361
2014-07-16 2014-07-14 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -22,646 6,103,906 -0.37 4.96 -112,324 30,275,374
2014-07-16 2014-07-11 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -150,322 6,126,552 -2.39 5.07 -762,133 31,061,619
2014-05-22 2014-05-20 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -925,000 6,276,874 -12.84 4.22 -3,901,650 26,475,855
2014-05-15 2014-05-14 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -1,050,000 7,201,874 -12.72 3.93 -4,126,500 28,303,365
2014-05-15 2014-05-13 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -1,200,000 8,251,874 -12.70 3.91 -4,692,000 32,264,827
2013-12-16 2013-12-12 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -1,800,000 9,451,874 -16.00 4.36 -7,848,000 41,210,171
2013-07-15 2013-07-11 4 GORO GOLD RESOURCE CORP
Common Stock 		S - Sale -3,375,000 11,251,874 -23.07 7.60 -25,650,000 85,514,242
2011-02-07 2010-11-03 5 AUMN Golden Minerals Co
Common Stock 		S - Sale -400,000 0 -100.00
2011-02-07 2010-01-07 5 AUMN Golden Minerals Co
WARRANTS 		J - Other 0 300,000 0.00
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)