Golden Minerals Company has reported financial results and a business summary for the full fiscal year ended December 31, 2024. 2024 Business Summary "2024 was a defining year for Golden Minerals as we undertook a comprehensive strategic repositioning of the Company. This effort not only included the successful sale of several assets, including the Velardeña Properties, the El Quevar project in Argentina, and the Yoquivo [...]
Golden Minerals Company announced today that has sold its wholly-owned Mexican subsidiary, Minera de Cordilleras, S. de R.L. de C.V. to a privately held Mexican company for consideration of US $600,000. The sale agreement was signed on April 1, 2025. Upon consummation of the transaction, Minera Cordilleras held net operating losses, inflation-adjusted capital contributions and five mining concessions in Mexico that had [...]
Golden Minerals Company today announced that it has received notification from the NYSE American LLC that the Exchange determined to commence proceedings to suspend and delist the Company's common stock as a result of its determination that the Company is no longer suitable for listing due to its non-compliance with Sections 1003, 1003 and 1003 of the NYSE American Company Guide, which require the Company to report [...]
Golden Minerals Company today announced it has closed on the sale of its Yoquivo gold-silver project . The buyer is Advance Metals Ltd. , an ASX-listed entity focused on the acquisition, discovery, and advancement of high-quality metals projects. Pursuant to the sales agreement that the Company announced last month , AVM has purchased 100% of the Yoquivo Project from Minera de Cordilleras S. de R.L. de C.V., a wholly [...]
Golden Minerals Company has today released financial results for the quarter ending September 30, 2024. Third Quarter Financial Summary The Company recorded no revenue related to gold and silver in doré, but recorded revenue of $0.1 million from the sale of metals at the Velardeña Properties during the third quarter 2024. This revenue relates to concentrate shipments that were completed earlier in 2024 but were finalized [...]
Golden Minerals Company today announced it has signed a binding agreement to sell its Yoquivo gold-silver project to Advance Metals Ltd. an ASX-listed entity focused on the acquisition, discovery, and advancement of high-quality metals projects . Under the terms of the Agreement, AVM shall purchase 100% of the Yoquivo Project from Minera de Cordilleras S. de R.L. de C.V., a wholly-owned subsidiary of Golden Minerals, for [...]
Golden Minerals Company announces that further to its press release dated September 3, 2024, it has entered into a definitive agreement to sell Silex Argentina, its wholly-owned subsidiary, to Butte Energy Inc. Butte has agreed to purchase 100% of the issued and outstanding shares of Silex, which is the sole owner of the Company's El Quevar silver project located in Salta Province, Argentina. The Definitive Agreement is [...]
Golden Minerals Company today announced it has signed a letter agreement to sell Silex Argentina S.A. , its wholly-owned subsidiary that owns the El Quevar Project, and also provided updates on additional corporate activities. Silex Argentina Sale The Company signed a Letter Agreement with Butte Energy Inc. whereby Butte agreed to purchase 100% of the issued and outstanding shares of Silex, which is the sole owner of the [...]
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 [...]
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