Golden Minerals Company has released financial results for the quarter ending September 30, 2019. Third Quarter Summary Financial Results Revenue of $1.9 million and a net operating margin of $1.3 million related to the lease of the Company’s oxide plant in Mexico to Hecla Mining Co. Cash and cash equivalents balance of $2.9 million as of [...]
Golden Minerals Company today announced that on November 1, 2019, NYSE Regulation accepted the Company’s plan to regain compliance with the NYSE American continued listing standards relating to stockholders’ equity. NYSE Regulation has granted a plan period through February 19, 2021. The listing of the Company’s common stock will [...]
Golden Minerals Company has provided activity updates related to five of its active precious metals exploration projects. Velardeña Properties – Durango State, Mexico The Velardeña Properties contain two underground silver and gold mines that were last operated in late 2015, at which point mining activities were suspended when a [...]
Golden Minerals Company announced today that it has entered into an option agreement to sell its right to acquire a 100% interest in the Santa Maria silver and gold project located in southern Chihuahua State, Mexico to Magellan Gold Corporation . The agreement provides for a period of up to 150 days during which Magellan will complete its due [...]
Golden Minerals Company has released final results from the 2019 drilling program conducted at its El Quevar silver property located in Salta Province, Argentina. 3,004 meters were drilled in 19 holes. A new shallow high-grade zone was partially outlined in the Vince area about two kilometers southwest of the known Yaxtché deposit. Four [...]
Golden Minerals Company announced today that the previously announced purchase and sale agreement with Compañía Minera Autlán S.A.B. de C.V. regarding the sale of certain of its Mexican properties has been terminated. The agreement was previously announced in a Company news release dated June 27, 2019. Warren Rehn, Golden [...]
Golden Minerals Company today announced that on August 19, 2019, the Company was notified by the NYSE American LLC that it was not in compliance with one of NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide . Specifically, the Company is not in compliance with Section 1003 of the Company [...]
Golden Minerals Company has released financial results and a business summary for the quarter ending June 30, 2019. Sale of Velardeña Properties and Other Assets On June 27, 2019 the Company announced it had entered into an agreement to sell certain of its assets to Compañía Minera Autlán S.A.B. de C.V. for US$22.0 [...]
Golden Minerals Company today announced that it has closed its previously announced registered direct offering of shares of common stock with certain institutional investors. The gross proceeds to the Company from this offering were $2.25 million, before deducting the placement agent fees and other estimated offering expenses. The Company intends [...]
Golden Minerals Company today announced that it has entered into definitive agreements with institutional investors for an offering of shares of common stock with gross proceeds of $2.25 million. The offering is expected to close on or about July 19, 2019, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. acted as [...]
Golden Minerals Company announced today that it has entered into an agreement to sell certain of its Mexican properties to Compañía Minera Autlán S.A.B. de C.V. for US$22.0 million. Under the terms of the agreement, Autlán will have the option to purchase the Canadian holding company ECU Silver Mining, Inc. which owns [...]
Golden Minerals Company is pleased to announce that it has entered into an earn-in agreement with Golden Gryphon Explorations for the Sand Canyon project in northwestern Nevada, where surface work has identified a large unexplored system of epithermal veins. Sand Canyon Location Map The project consists of 527 claims totaling approximately 16 [...]
