Golden Minerals Company

Golden Minerals Company has today released financial results for the quarter ending June 30, 2024. Second Quarter Financial Summary Cash and equivalents balance was $1.4 million as of June 30, 2024, compared to $3.8 million as of December 31, 2023. Current liabilities were $4.8 million as of June 30, 2024, compared to $5.7 million as of December 31, 2023. Zero debt as of June 30, 2024, unchanged from December 31, 2023 [...]

Golden Minerals Company today provided a corporate update. As previously disclosed, the Company does not have sufficient resources to meet its expected cash needs over the next twelve months. As of June 30, 2024, the Company had cash and cash equivalents of approximately $1.4 million. On the same date, it had accounts payable and other current liabilities of approximately $4.8 million. Because the Company has ceased [...]

Golden Minerals Company announces that, pursuant to certain asset purchase and sale agreements, dated April 29, 2024 , the Company has received payment in full of $2,500,000 cash, plus Value Added Tax , for the Velardeña Mine and associated facilities and title has been transferred to a privately held Mexican company . Further and in connection with the Agreements, there has been a delay in the closing of the Minera [...]

Golden Minerals Company today announced that on July 2, 2024, the Company was notified by the NYSE American LLC that it was not in compliance with three of the 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 Sections 1003, 1003 and 1003 of the Company Guide since it reported stockholders' equity of $0.6 million as [...]

Golden Minerals Company today announced the retirement of the Company's Chief Executive Officer and President, Warren Rehn, effective immediately. Mr. Rehn joined the Company in 2012 as Vice President Exploration and was promoted to President in spring of 2015 and to CEO in September 2015. Mr. Rehn, age 69, has been contemplating retirement for some time. Mr. Rehn has also resigned his position as a Director of the [...]

Reissuing release to correct ticker symbol for searching purposes. The release reads: 2024 FINANCIAL RESULTS Golden Minerals Company has today released financial results and a business summary for the quarter ending March 31, 2024. First Quarter Business Summary and Subsequent Events The Company restarted silver-gold production at the Company's Velardeña Properties in December 2023, but stopped mining at the end of [...]

Golden Minerals Company has today released financial results and a business summary for the quarter ending March 31, 2024. First Quarter Business Summary and Subsequent Events The Company restarted silver-gold production at the Company's Velardeña Properties in December 2023, but stopped mining at the end of February 2024 and stopped processing mineralized material at the end of March 2024, after determining the initial [...]

Golden Minerals Company announces it has entered into a definitive agreement to sell the primary assets comprising its Velardeña Properties, located in Durango State, Mexico. On April 29, 2024, two of Golden's Mexico subsidiaries, Minera William S.A. de C.V. and Minera Labri S.A. de C.V. entered into certain asset purchase and sale agreements with a privately held Mexican company whereby Minera William and Minera Labri [...]

Golden Minerals Company announced today that Barrick Gold Corporation notified the Company it is withdrawing from an Earn-In Agreement on the El Quevar silver project which the two parties signed in April 2020. The termination will be effective on April 20, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240327707450/en/ El Quevar District Map Golden [...]

Golden Minerals Company has reported financial results and a business summary for the full fiscal year ending December 31, 2023. Business Summary The Company's Rodeo mine concluded operations in June 2023 and finished processing stockpiled material in September 2023. From its inception in January 2021 through December 31, 2023, Rodeo produced 31,126 ounces gold and 126,151 oz. silver. Cash costs per payable gold oz.1, net [...]