Golden Minerals Stock Price, News & Analysis

Golden Minerals (OTCQB: AUMN) reported its Q1 2025 financial results, showing a reduced net loss of $1.2 million ($0.08 per share) compared to $4.6 million ($0.32 per share) in Q1 2024. The company ended Q1 2025 with $3.5 million in cash, up from $3.2 million at the end of 2024, and maintains zero debt. Key financial metrics include exploration expenses of $0.1 million and administrative expenses of $0.7 million. The company has implemented significant restructuring efforts, reducing liabilities and costs. However, Golden Minerals warns it lacks sufficient resources for the next 12 months and may exhaust its cash reserves by Q1 2026. The company is exploring strategic alternatives, including potential sale of assets or the entire company, to avoid potential liquidation.

Golden Minerals (OTCQB: AUMN) reported its full-year 2024 financial results, marking a year of strategic repositioning. The company completed several asset sales, including the Velardeña Properties for $5.5M, El Quevar project for $3.5M, and Yoquivo project for $0.57M.

Financial highlights include: Cash balance of $3.2M as of December 31, 2024 (vs $3.8M in 2023), reduced net loss of $7.6M ($0.52 per share) compared to $9.2M ($1.08 per share) in 2023, and zero debt. Exploration expenses decreased to $0.6M from $1.1M, while administrative expenses reduced to $3.6M from $4.7M.

The company forecasts $3.3M in expenditures for 2025 but warns that without additional cash inflows, resources will be exhausted by Q1 2026, potentially forcing cessation of operations and liquidation.

Golden Minerals Company (OTCQB: AUMN, TSX: AUMN) has announced the sale of its wholly-owned Mexican subsidiary, Minera de Cordilleras, to a private Mexican company for US $600,000. The transaction was completed on April 1, 2025.

The sold subsidiary held net operating losses, inflation-adjusted capital contributions, and five mining concessions in Mexico that were deemed to have minimal value to Golden Minerals. The sale specifically involved the transfer of Minera Cordilleras' capital contribution accounts (CUCAs), which are transferable under Mexican law. The company has confirmed receipt of all funds related to the CUCA sale.

Golden Minerals Company (NYSE-A: AUMN, TSX: AUMN) has received notice from NYSE American to commence delisting proceedings due to non-compliance with stockholders' equity requirements. The company failed to maintain the required $6.0 million in stockholders' equity while reporting losses from continuing operations and/or net losses in its five most recent fiscal years.

Trading of Golden Minerals' common stock will transition to the OTC Pink Market under the symbol 'AUMN' starting December 16, 2024. The company is applying for quotation on the OTCQB® Venture Market. This transition will not affect its Toronto Stock Exchange listing or business operations, and shareholders can continue trading through existing brokerage accounts.

Golden Minerals (NYSE-A: AUMN, TSX: AUMN) has completed the sale of its Yoquivo gold-silver project in Chihuahua State, Mexico to Advance Metals (ASX: AVM). The total transaction value is US$570,000 plus VAT, paid in cash through three installments: an initial US$20,000 for due diligence, followed by two payments of US$275,000 each. The transfer of the Yoquivo concessions will be finalized once AVM establishes its Mexican subsidiary.

Golden Minerals (NYSE-A: AUMN) reported Q3 2024 financial results with minimal revenue of $0.1M from metal sales at Velardeña Properties, compared to $2.5M in Q3 2023. The company recorded a net gain of $0.2M ($0.01/share) versus a net loss of $3.2M in Q3 2023. Cash position decreased to $1.8M from $3.8M at year-end 2023. The company faces significant liquidity challenges, needing $1.5-3.5M in capital through September 2025. Golden Minerals must regain NYSE American compliance by December 6, 2024, or face potential delisting. The company is pursuing asset sales and financing options to address financial stability.

Golden Minerals Company (NYSE-A: AUMN) has signed a binding agreement to sell its Yoquivo gold-silver project in Chihuahua State, Mexico to Advance Metals (ASX: AVM) for US$570,000 plus VAT. The transaction includes three payments: an initial non-refundable US$20,000 for a seven-day due diligence period starting October 24, 2024, followed by two US$275,000 payments on November 1 and November 21, 2024. The deal is subject to regulatory approvals and due diligence completion. If AVM withdraws, they'll pay a 20% breakup fee of the purchase price.

Golden Minerals (NYSE-A: AUMN) has completed the sale of its El Quevar Project in Argentina to Butte Energy (now Argenta Silver Corp) for US$3.5 million. The company currently holds $3.6 million in cash and faces $1.6 million in accounts payable. After ceasing mining operations at Velardeña in Mexico, Golden Minerals is still owed $1.8 million plus VAT from its sale. The company retains interests in exploration properties including Sarita Este/Desierto and Sand Canyon but requires additional capital for further development. Management is exploring strategic alternatives, including potential company sale, asset disposals, or external financing to maintain operations.

Golden Minerals Company (NYSE-A: AUMN and TSX: AUMN) has entered into a definitive agreement to sell its wholly-owned subsidiary, Silex Argentina S.A., to Butte Energy Inc. This sale includes the El Quevar silver project in Salta Province, Argentina. The purchase price is set at US$3,500,000, payable in cash through three installments:

• US$500,000 non-refundable deposit (paid on September 3, 2024)
• US$500,000 due by September 27, 2024
• US$2,500,000 upon closing

The transaction is expected to close by October 31, 2024, subject to regulatory approvals and other conditions. INFOR Financial Inc. is acting as financial advisor, while Fasken Martineau DuMoulin LLP serves as Canadian counsel for Golden Minerals in this transaction.