Golden Minerals Receives NYSE Acceptance of Plan to Regain Listing Compliance
- The NYSE has granted the Company a cure period of up to 18 months from the original notice of non-compliance.
- The listing of the Company's common stock will continue during the plan period.
- Failure to make progress consistent with the plan by December 6, 2024, could result in delisting of the Company's shares from NYSE American.
As previously disclosed, on June 6, 2023, the Company received written notice from the NYSE that the Company was not in compliance with Section 1003(a)(iii) which requires a listed company to have stockholders’ equity of at least (US)
The listing of the Company’s common stock will continue pursuant to an extension during the plan period, during which time the Company will be subject to periodic review to determine whether it is making progress consistent with the accepted plan. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by December 6, 2024 could result in the Company’s shares of common stock being delisted from the NYSE American.
About Golden Minerals
Golden Minerals is a gold and silver producer based in
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding the Company's plan to regain compliance with the continued listing standards of the NYSE American. These statements are subject to risks and uncertainties, including the Company’s ability to obtain a source of capital sufficient to allow it to restart operations at the Velardeña Properties and continue to pay general and administrative expenses; changes in interpretations of geological, geostatistical, metallurgical, mining or processing information and interpretations of the information resulting from exploration, analysis or mining and processing experience; and the Company’s ability to successfully mine the Velardeña Properties as contemplated in the PEA. 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 Securities and Exchange Commission by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
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Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
Source: Golden Minerals Company