Golden Minerals Company is pleased to announce it has received promising results from metallurgical test work conducted on pyrite-arsenopyrite flotation concentrates from its Velardeña Properties located in Durango, Mexico. Gold and silver recoveries of 91% and 92%, respectively, were obtained from cyanide leaching of the bio-oxidized concentrate samples. BIOX* achieved 93% oxidation on the concentrate sample in [...]
Golden Minerals Company announced today that it has received $3.0M for the sale of two non-strategic Mexican exploration properties to a subsidiary of Industrias Peñoles. The Mogotes and Pistachon properties are located near the Company’s Velardeña Properties in Durango State, Mexico and adjacent to mineral concessions controlled by subsidiaries of Industrias Peñoles. None of the claims contain [...]
Golden Minerals Company has released financial results for the quarter ending September 30, 2019. Third Quarter Summary Financial Results Revenue of $1.9 million and a net operating margin of $1.3 million related to the lease of the Company’s oxide plant in Mexico to Hecla Mining Co. Cash and cash equivalents balance of $2.9 million as of September 30, 2019 compared to $3.3 million at year-end 2018. Exploration [...]
Golden Minerals Company today announced that on November 1, 2019, NYSE Regulation accepted the Company’s plan to regain compliance with the NYSE American continued listing standards relating to stockholders’ equity. NYSE Regulation has granted a plan period through February 19, 2021. The listing of the Company’s common stock will continue pursuant to an extension during the plan period, during which time [...]
Golden Minerals Company has provided activity updates related to five of its active precious metals exploration projects. Velardeña Properties – Durango State, Mexico The Velardeña Properties contain two underground silver and gold mines that were last operated in late 2015, at which point mining activities were suspended when a combination of low metals prices and dilution and metallurgical challenges [...]
Golden Minerals Company announced today that it has entered into an option agreement to sell its right to acquire a 100% interest in the Santa Maria silver and gold project located in southern Chihuahua State, Mexico to Magellan Gold Corporation . The agreement provides for a period of up to 150 days during which Magellan will complete its due diligence review and secure adequate financing for the project. Prior to the [...]
Golden Minerals Company has released final results from the 2019 drilling program conducted at its El Quevar silver property located in Salta Province, Argentina. 3,004 meters were drilled in 19 holes. A new shallow high-grade zone was partially outlined in the Vince area about two kilometers southwest of the known Yaxtché deposit. Four drill holes cut silver intercepts with grades of 500 to over 600 grams per [...]
Golden Minerals Company announced today that the previously announced purchase and sale agreement with Compañía Minera Autlán S.A.B. de C.V. regarding the sale of certain of its Mexican properties has been terminated. The agreement was previously announced in a Company news release dated June 27, 2019. Warren Rehn, Golden Minerals’ President and Chief Executive Officer, commented, “While [...]
Golden Minerals Company today announced that on August 19, 2019, the Company was notified by the NYSE American LLC that it was not in compliance with one of NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide . Specifically, the Company is not in compliance with Section 1003 of the Company Guide since it reported stockholders’ equity of less than $6.0 million [...]
Golden Minerals Company has released financial results and a business summary for the quarter ending June 30, 2019. Sale of Velardeña Properties and Other Assets On June 27, 2019 the Company announced it had entered into an agreement to sell certain of its assets to Compañía Minera Autlán S.A.B. de C.V. for US$22.0 million. Upon execution of the Agreement, Autlán paid the Company a [...]
Golden Minerals Company today announced that it has closed its previously announced registered direct offering of shares of common stock with certain institutional investors. The gross proceeds to the Company from this offering were $2.25 million, before deducting the placement agent fees and other estimated offering expenses. The Company intends to use the proceeds from the offering for working capital requirements and [...]
Golden Minerals Company today announced that it has entered into definitive agreements with institutional investors for an offering of shares of common stock with gross proceeds of $2.25 million. The offering is expected to close on or about July 19, 2019, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. acted as the exclusive placement agent in connection with this offering. The Company [...]
+4700,00 %
-97,06 %
