Golden Minerals appoints executive VP Keith Laskowski
The consulting arrangement combines a monthly service fee with time-based RSUs and a separate stock-price-conditioned award.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Golden Minerals Co (AUMN) appointed Keith Laskowski Executive Vice President of Exploration effective October 1, 2026; a press release also announced Barbara Henderson as Corporate Secretary. Both serve on a consulting basis. Director David Watkins assumed President and CEO on October 1, following Pablo Castanos’s resignation from those roles and the board effective September 30, 2026. Castanos’s board resignation was not due to a disagreement with the company.
Golden Minerals will pay Yellowstone Geological Services LLC, Laskowski’s firm, $20,000 monthly under a three-year initial term ending September 30, 2029; either party may terminate with at least 30 days’ prior written notice. Laskowski received 600,000 RSUs, vesting in three equal tranches on October 1, 2027, October 1, 2028 and October 1, 2029 if the agreement remains in effect on each date. He is also eligible for a 400,000-share award if the company’s stock price exceeds $2.00, measured by a 30-day volume-weighted average price before September 30, 2029, while the agreement remains in effect; the grant is subject to share availability and required approvals.
Filing Explained
The consulting agreement specifies what happens on termination: Yellowstone is entitled only to fees and approved expenses accrued through that date, while Laskowski forfeits all unvested equity awards without consideration.
8-K Event Classification
Key Figures
Key Terms
restricted stock units financial
volume-weighted average price financial
non-solicitation covenants technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What compensation did Golden Minerals disclose for Keith Laskowski?
Who became Golden Minerals’ CEO after Pablo Castanos resigned?
What happens to Keith Laskowski’s unvested equity if the consulting agreement ends?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S.
Employer Identification Number) |
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Executive Vice President of Exploration
On October 1, 2026, the Board of Directors of Golden Minerals Company (the “Company”) appointed Keith Laskowski as Executive Vice President of Exploration of the Company, effective October 1, 2026.
Mr. Laskowski, age 70, is an Economic and Mining Geologist with over 45 years of experience in exploration, mining, and financial analysis and is the owner of Yellowstone Geological Services LLC, a Montana limited liability company (“Yellowstone”), through which he works as a consultant for various mining companies. Mr. Laskowski most recently served as Vice President – Geology (formerly VP Technical Services) of Sandstorm Gold Royalties (TSX/NYSE) from February 2015 to November 2025. From 2012 to 2015, Mr. Laskowski served as Staff Engineer/Principal Mining Specialist at the World Bank – International Finance Corporation. From 2009 to 2012, Mr. Laskowski served as President, CEO and Director of Estrella Gold Corp (TSX). From 2006 to 2009, Mr. Laskowski served as Country Manager – Haiti for Eurasian Minerals (TSX). From 1980 to 1997, Mr. Laskowski held various positions at Newmont Mining Corporation, including Regional Exploration Manager and Senior Geologist. Mr. Laskowski holds a Master of Science in Economic Geology from the Colorado School of Mines and a Bachelor of Arts in Geology from the University of Maine. Mr. Laskowski is a Qualified Professional with the Mining and Metallurgical Society of America and a Senior Fellow of the Society of Economic Geologists.
There is no arrangement or understanding between Mr. Laskowski and any other person pursuant to which he was appointed as Executive Vice President of Exploration of the Company. Mr. Laskowski does not have any family relationship with any of the Company’s other directors or executive officers or persons nominated or chosen by the Company to become a director or executive officer. Mr. Laskowski has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
In connection with Mr. Laskowski’s appointment as Executive Vice President of Exploration, on October 1, 2026, the Company entered into a consulting agreement (the “Consulting Agreement”) with Yellowstone and Mr. Laskowski in his individual capacity. The Consulting Agreement has an initial term of three years ending September 30, 2029, subject to termination by either party on not less than 30 days’ prior written notice.
Pursuant to the Consulting Agreement, the Company will pay Yellowstone a monthly fee of $20,000 for services rendered by Yellowstone. In addition, on October 1, 2026, Mr. Laskowski received an award of 600,000 restricted stock units (“RSUs”) under the Company’s Amended and Restated 2023 Equity Incentive Plan (the “Plan”), which will vest in three equal tranches on October 1, 2027, October 1, 2028, and October 1, 2029, subject to the Consulting Agreement remaining in effect on each applicable vesting date. Mr. Laskowski is also eligible to receive an incentive bonus stock award of 400,000 shares of the Company’s common stock under the Plan if the Company’s stock price exceeds $2.00, as measured by a 30-day volume-weighted average price, at any time prior to September 30, 2029, provided that the Consulting Agreement remains in effect on the date the price objective is achieved. The Company’s obligation to make this grant is subject to the availability of shares under the Company’s certificate of incorporation and the Plan and receipt of any required approvals.
The Consulting Agreement also provides for reimbursement of approved travel and business expenses incurred in connection with Yellowstone’s services. Upon any termination of the Consulting Agreement, Yellowstone is entitled only to fees and approved expenses accrued through the termination date, and all unvested equity awards are forfeited without consideration. The Consulting Agreement contains customary confidentiality provisions that apply during the term and for one year thereafter (or longer for trade secrets), as well as non-competition and non-solicitation covenants that apply during the term and for twelve months following termination.
The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Resignation of Director
Pablo Castanos, a member of the Company’s board of directors (the “Board”), has resigned as a director of the Company effective as of September 30, 2026. Mr. Castanos’s resignation from the Board is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
2
| Item 7.01 | Regulation FD Disclosure |
On October 1, 2026, the Company issued a press release announcing the foregoing management change. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in Item 7.01 of this Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing by the company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description |
| 10.1 | Consulting Agreement dated October 1, 2026 between Golden Minerals Company, Yellowstone Geological Services LLC, and Keith Laskowski. |
| 99.1 | Press release dated October 1, 2026. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 2, 2026
| Golden Minerals Company | |||
| By: | /s/ David Watkins | ||
| Name: | David Watkins | ||
| Title: | President and Chief Executive Officer | ||
4
Exhibit 99.1
Golden Minerals Company Announces New Management Appointments and Resignation of Mr. Pablo Castanos
DENVER, CO - /BUSINESS NEWS WIRE/ - October 1, 2026 – Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (OTCQB: AUMN and TSX: AUMN) is pleased to announce that effective today, Mr. Keith Laskowski has been appointed to the position of Executive Vice President of Exploration and Ms. Barbara Henderson has been appointed to the position of Corporate Secretary. Both Mr. Laskowski and Ms. Henderson have been hired on a consulting basis.
Keith Laskowski is an Economic and Mining Geologist with over 45 years of experience in exploration, mining, and financial analysis and is the owner of Yellowstone Geological Services LLC. Since 2012, he has focused on the economic evaluation of investment and financing opportunities for Sandstorm Gold Royalties (now part of Royal Gold) and International Finance Corporation (part of the World Bank). Prior to that, he held senior executive positions in a number of junior mining companies, including Gallant Minerals Ltd, Estrella Gold Corp, Northern Canadian Uranium Corp. and Solomon Gold Corp. He directed exploration for Eurasian Minerals in Haiti and started his career with 17 years at Newmont Mining Corp. Keith holds a MSc in Geology from the Colorado School of Mines (1987) and has been a registered Qualified Person with the Mining and Metallurgical Society of America since 2006.
Barbara Henderson is a mining governance and communications leader with 35 years’ public company experience establishing industry-leading corporate governance frameworks, delivering comprehensive and resonant corporate communications, and contributing to strategic planning for mineral exploration, development and operating companies. Barbara holds a B.Sc. in Earth Sciences from the University of Waterloo, an M.Sc. degree in Economic Geology from the University of Alberta, is a long-standing member of the Canadian Investor Relations Institute and is a registered Professional Geologist.
As announced by the Company on September 4, 2026, Mr. David Watkins, a director of the Company, has today assumed the role of President and CEO following the resignation of Mr. Pablo Castanos from his positions of President and CEO and Director of the Company, effective September 30, 2026.
Mr. Jeffrey Clevenger, Chairman of the Board of Golden Minerals, stated, “The board of directors sincerely thanks Mr. Castanos for his service and for his substantial improvements to the Company’s financial position, and wishes him success in his future endeavors. We welcome Mr. Watkins, Mr. Laskowski and Ms. Henderson to their respective roles. Mr. Watkins’ history at Golden and previous senior executive positions across the spectrum of exploration and mining companies will provide hands-on experience in his role as CEO. Mr. Laskowski’s wealth of exploration expertise and world-wide field experience will be invaluable in guiding Golden’s project strategy and advancement, and along with Ms. Henderson’s governance, regulatory and communications experience, will help Golden position itself for future growth and success.”
1312 17th STREET, UNIT 2136, DENVER, COLORADO 80202 - Main (303) 839-5060
www.GoldenMinerals.com
About Golden Minerals
Golden Minerals is a precious metals exploration company holding a 67% majority control in the Desierto 1 & 2 concessions and a 51% joint venture interest in the Sarita Este concession, each adjacent to the gold-silver-copper Taca Taca project owned by First Quantum Minerals located in northwest Salta Province, Argentina. Golden Minerals also holds a 60% interest in Sand Canyon, an exploration-stage gold-silver project in northwestern Nevada.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and forward-looking information with the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”), including statements regarding the expected contributions of the management appointees announced herein. Readers are cautioned that these forward-looking statements are subject to risks and uncertainties, including the risk that management’s contributions to the Company’s outcomes may not occur as, or to the degree, expected. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the U.S. Securities and Exchange Commission by Golden Minerals and under the Company’s profile on SEDAR+ at www.sedarplus.ca, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Follow us at www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals.
For additional information, please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company (303) 839-5060
1312 17th STREET, UNIT 2136, DENVER, COLORADO 80202 - Main (303) 839-5060
www.GoldenMinerals.com