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Golden Minerals Company reports company developments tied to its repositioning as a mineral exploration issuer. Recent news centers on completed divestitures of Velardeña assets and Mexican subsidiaries, discontinued operations tied to former Mexico properties, and the reduction of liabilities and overhead after exiting those operations.
Golden Minerals also reports financial results, liquidity and cost-structure updates, annual meeting voting outcomes, and executive finance leadership changes. Its stated exploration priorities are the Sarita Este/Desierto project in Argentina and the Sand Canyon project in Nevada.
Golden Minerals (OTCQB:AUMN)(TSX:AUMN) has completed the formation of Sand Canyon Explorations LLC, a Delaware joint venture with Golden Gryphon USA to advance their mining claims in Humboldt County, Nevada. Both parties executed a definitive LLC Agreement and transferred their respective claims to the new entity via quitclaim deeds.
Golden holds a 60% ownership interest in Sand Canyon and will act as initial manager, while GGUSA holds the remaining 40%. Exploration is expected to continue under an approved 2026 program and budget focused on improving geological understanding and planning future work. The Sand Canyon project is an exploration-stage gold-silver property with identified epithermal vein systems and associated geochemical anomalies. An earlier 2020 four-hole, 1,800-meter drilling program intersected narrow structures with low anomalous metals but no potentially economic precious metal concentrations. The joint venture plans additional exploration, including geophysical surveys over the next 12 months.
Golden Minerals (OTCQB:AUMN, TSX:AUMN) reported Q2 2026 results and a business update for the six months ended June 30, 2026. Exploration expense fell to approximately $86,000 from $152,000 year over year, while administrative expense declined to about $0.8 million from $1.5 million, reflecting lower corporate costs after exiting Mexican operations. Loss from continuing operations narrowed to $1.1 million ($0.07/share) from $1.8 million ($0.12/share). Income from discontinued operations was $1.1 million, driven mainly by a gain on the sale of Minera William, resulting in net income of about $0.1 million versus a net loss of $2.1 million a year earlier.
At June 30, 2026, Golden Minerals held $2.5 million in cash and cash equivalents, zero debt, and current liabilities of roughly $1.0 million. Liquidity improved through a $1.2 million Minera William sale and an approximately $804,000 net equity private placement to Streamline Metals Capital, which now owns about 19.8% of the company. Golden Minerals continues to advance its Desierto Project in Argentina (67% interest) and Sand Canyon Project in Nevada (60% earn-in), but has no revenue-generating operations and states that substantial doubt remains about its ability to continue as a going concern beyond the current forecast horizon into early to mid‑2027.
Golden Minerals (OTCQB:AUMN)(TSX:AUMN) reported the voting results from its Annual Meeting of Stockholders held on June 12, 2026. Shareholders elected five directors – Jeffrey G. Clevenger, Pablo Castanos, Deborah J. Friedman, Kevin R. Morano and David H. Watkins – to serve until the 2027 Annual Meeting or until successors are elected and qualified.
Votes “for” each nominee ranged from 532,664 to 550,604, with “withheld” votes between 485,560 and 503,500, and 4,423,766 broker non-votes recorded for each director, according to Golden Minerals.
Golden Minerals (OTCQB: AUMN, TSX: AUMN) closed a private placement equity financing with Streamline Metals Capital, raising US$856,463 from 3,740,000 shares at US$0.229 each.
Proceeds will fund working capital, joint venture processes for Sand Canyon and Sarita/Desierto, and evaluation of new opportunities, including in Bolivia. Streamline now owns about 19.9% of Golden Minerals.
Golden Minerals (OTCQB:AUMN, TSX:AUMN) reported Q1 2026 results, highlighting lower expenses and ongoing liquidity challenges.
Net loss was $0.6M versus $1.2M a year ago; cash was $0.9M with no debt. The company sold Minera William for $1.2M and plans a private placement of 3.74M shares for about $856k, subject to TSX approval.
Management expects, based on current forecasts and planned proceeds, that cash resources will fund needs into early 2027, while it evaluates asset sales, partnerships, equity or a potential company sale. Exploration focus remains on projects in Argentina and Nevada.
Golden Minerals (OTCQB/TSX:AUMN) agreed to sell 100% of Minera William S.A. de C.V. for US$1.2 million and arranged a private placement for US$856,463.
Streamline will buy 3,740,000 shares at US$0.229, targeting 19.9% ownership, with proceeds for working capital, joint ventures, and project evaluation.
Golden Minerals (OTCQB:AUMN) reported full-year 2025 results, highlighting asset sales, reduced liabilities, and a leaner cost structure.
The company posted net income $2.7M, income from discontinued operations $6.1M, and ended 2025 with $1.3M cash and zero debt. Management warns cash may be exhausted in Q2 2026 without new financing.
Golden Minerals (OTCQB:AUMN, TSX:AUMN) announced completion of the sale of its wholly owned Mexican subsidiaries Servicios Velardeña and GMC Equipos on December 30, 2025 for approximately US$65,000. The subsidiaries carried net operating losses, inflation-adjusted capital contributions, and several liabilities including about US$60,000 in past-due accounts payable, a remaining labor claim of about US$56,000, and the Rodeo mining concession with an associated asset retirement obligation and book liability of about US$450,000. All sale funds have been received.
This transaction is presented as a key step in the company’s planned exit from Mexico to substantially eliminate Mexican liabilities, reduce ongoing overhead and administrative costs, and allow focus on other regions.
Golden Minerals (OTCQB:AUMN) reported Q3 2025 results and a business update for the quarter ended September 30, 2025. The company posted a net loss of $2.4 million ($0.16 per share) for the nine months, reduced from $3.8 million a year earlier, and had cash and equivalents of $1.7 million with zero debt.
Key corporate actions: the Velardeña Properties sale closed Oct 10, 2025 for US$3.0 million (full proceeds received), Sand Canyon earn-in to 60% exercised in Jan 2025, and planned Phase I drilling preparations at Desierto. The company expects cash exhaustion around Q2 2026 absent asset sales or financing.
Golden Minerals (OTCQB:AUMN) completed the sale of its Velardeña oxide processing plant and water wells in Durango, Mexico on October 10, 2025. The total purchase price was US$3.0 million plus applicable VAT; the buyer had paid approximately $2.95 million and Golden received the final balance of about $28,000 plus VAT, marking full completion of the transaction.
The Velardeña Buyer previously acquired the Velardeña and Chicago mines, related equipment, and the sulfide plant under separate agreements, and this closing completes Golden's divestment of Velardeña operations so the company can concentrate resources on advancing its exploration portfolio.