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 (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.
Golden Minerals Company (NYSE-A: AUMN, TSX: AUMN) has announced plans to sell its El Quevar Silver Project in Argentina for US$3.5 million to address near-term liquidity needs. The company has signed a binding Letter Agreement with Butte Energy Inc., with the transaction expected to close by October 31, 2024. Additionally, Golden Minerals has sold its Mexican subsidiary, Minera Labri, for US$445,500 and regained control of the Desierto I mining concession in Argentina following a successful appeal.
The company is facing financial challenges, with only US$0.9 million in cash as of August 30, 2024, and is exploring various options to raise funds, including potential asset sales and external financing. If unable to secure additional resources, Golden Minerals may be forced to cease operations and liquidate.
Golden Minerals Company (NYSE-A: AUMN, TSX: AUMN) has released its Q2 2024 financial results, revealing a challenging financial position. The company reported a cash balance of $1.4 million as of June 30, 2024, down from $3.8 million at the end of 2023. Golden Minerals posted a net loss of $2.7 million ($0.19 per share) in Q2 2024, compared to a $1.5 million loss in Q2 2023. The company faces significant liquidity issues, with current assets of $2.5 million against current liabilities of $4.8 million. Golden Minerals is actively seeking additional funding through asset sales or external financing, as it projects needing $6-8 million to cover expenses through June 2025. Without new cash inflows, the company anticipates exhausting its resources by September 2024 and may consider bankruptcy filings for some Mexican subsidiaries.
