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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) 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.
Golden Minerals (OTCQB:AUMN) reported its Q2 2025 financial results, revealing a net loss of $1.8 million ($0.12 per share), an improvement from the $2.7 million loss in Q2 2024. The company's cash position stands at $2.5 million, down from $3.2 million in December 2024.
The company has issued a going concern warning, stating it lacks sufficient resources to meet cash needs for the next twelve months. Without additional funding, Golden Minerals expects to exhaust its cash resources by Q1 2026. The company is actively pursuing alternatives, including potential company sale, asset disposals, or external financing.
The company continues its restructuring efforts from 2024, focusing on the Desierto project in Argentina's Puna region, where surface exploration has identified potential precious metal systems. The company plans to initiate a Phase I drill program and is working on joint venture documentation.
Golden Minerals Company (OTCQB: AUMN) has announced the results of its 2025 Annual Meeting of Stockholders held on May 27, 2025. Shareholders elected five directors to serve until the 2026 Annual Meeting. All nominees received strong support, with Kevin R. Morano receiving the highest number of favorable votes at 1,272,722.
The elected board members include Jeffrey G. Clevenger, Pablo Castanos, Deborah J. Friedman, Kevin R. Morano, and David H. Watkins. There were 4,335,189 broker non-votes recorded for each director position.
Golden Minerals Company (OTCQB: AUMN) has appointed Anil Jiwani as its new Chief Financial Officer, effective June 1, 2025. Jiwani, who brings nearly 20 years of experience in accounting and financial management, will succeed Joe Dwyer. The new CFO currently serves as Chief Operating Officer at Avisar Everyday Solutions Ltd., which will now handle Golden Minerals' outsourced accounting functions. Jiwani also holds CFO positions at Perseverance Metals Inc. and Inomin Mines Inc. His background includes experience at PwC LLP and expertise in complex transactions like reverse takeovers. The company expects this outsourcing arrangement to significantly reduce costs while maintaining high-quality financial support.