Welcome to our dedicated page for Golden Minerals news (Ticker: AUMN), a resource for investors and traders seeking the latest updates and insights on Golden Minerals stock.
Golden Minerals Company (AUMN) is a Colorado-based precious metals producer focused on silver and gold extraction through mining operations in Mexico and exploration projects in Argentina. This page serves as the definitive source for verified corporate developments, providing stakeholders with timely access to operational updates and strategic announcements.
Investors and industry observers will find comprehensive coverage of AUMN's mining activities, including production results from the Velardeña properties, progress on oxide feed procurement for processing facilities, and exploration updates from key regions. The curated news collection enables efficient tracking of material events affecting the company's operational footprint and resource portfolio.
Content spans quarterly production reports, resource estimation updates, strategic partnership announcements, and technical developments in mineral extraction processes. Regular updates reflect the company's focus on both active mining operations and long-term exploration initiatives across North and South America.
Bookmark this page for direct access to Golden Minerals' official communications, including operational milestones from established mining districts and exploratory progress in emerging regions. Check regularly for updates that could impact understanding of the company's production capabilities and resource development strategies.
Golden Minerals Company (AUMN) has released its first quarter 2024 financial results. The company reported a net loss of $4.6 million ($0.32 per share) compared to a $3.3 million loss in Q1 2023. Revenues from discontinued operations were $1.2 million versus $4.2 million in Q1 2023.
Operational challenges led to the halting of mining and processing activities at Velardeña properties by the end of March 2024. Barrick Gold withdrew from the El Quevar project, and Golden Minerals plans to focus on exploration at El Quevar as funding allows.
Golden Minerals entered into agreements to sell certain Mexican assets for $5.5 million, with initial payments received. The company had $2.4 million in cash as of March 31, 2024, but faces liquidity challenges and will require $6-8 million to cover expenses through March 2025.
Golden Minerals (NYSE-A: AUMN, TSX: AUMN) reported its Q1 2024 financial results. The company restarted silver-gold production at Velardeña Properties in December 2023, but halted mining and processing by March 2024 due to operational issues. Barrick Gold withdrew from an Earn-In Agreement on the El Quevar silver project, which now reverts to Golden's full control. Golden plans to sell certain assets, including Velardeña and Chicago mines, for $5.5 million in cash.
Q1 2024 revenue from discontinued operations was $1.2 million, compared to $4.2 million in Q1 2023. Net operating margin from discontinued operations was negative $1.7 million, compared to positive $0.2 million in Q1 2023. Golden Minerals ended Q1 2024 with $2.4 million in cash, no debt, and a net loss of $4.6 million ($0.32 per share) compared to a net loss of $3.3 million ($0.47 per share) in Q1 2023. The company requires $6.0-8.0 million in capital inflows to meet its financial needs through March 2025.
Golden Minerals Company announces the sale of Velardeña Properties in Mexico for $5.5 million in cash. Additionally, a settlement agreement with Unifin Financiera S.A.B. de C.V. was granted final court approval.
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