Golden Minerals Company

Golden Minerals Company has announced that the NYSE American has determined to start proceedings to suspend and delist the company’s common stock as a result of its determination that the company is no longer suitable for listing due to its non-compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide, which require the company to report stockholders’ equity of $6.0 million or more if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years, as Golden Minerals has previously reported. The company anticipates that its common stock will begin trading on the OTC Pink Market under the symbol “AUMN” at the open of business on December 16, 2024. Shareholders do not need to take any action in connection with this transition. The company’s stock will continue to be traded first on the NYSE American and immediately thereafter on the OTC Pink Market. The company is in the process of applying for quotation of its common stock on the OTCQB® Venture Market. The transition of the company’s common stock to the OTC Markets will have no effect on the company’s business or operations or its listing on the Toronto Stock Exchange, where it trades under ticker symbol “AUMN.” The company expects to continue to maintain compliance with the reporting requirements of the Securities Act of 1934, as Amended, including the filing of periodic reports with the SEC under applicable federal securities laws that are available on the SEC’s website at www.SEC.gov.

Golden Minerals Company has released its third quarter 2024 financial results. Details are available on the company's website: https://lnkd.in/gvctiGKX #juniormining #preciousmetals #miningnews

Golden Minerals Company announced on Friday that it has signed a binding agreement to sell its Yoquivo gold-silver project (Chihuahua State, Mexico) to Advance Metals Limited (ASX: AVM) (“AVM”). Under the terms of the Agreement, AVM shall purchase 100% of the Yoquivo Project from Minera de Cordilleras S. de R.L. de C.V., a wholly-owned subsidiary of Golden Minerals, for total consideration of US$570,000, payable in cash, plus VAT. Details here: https://lnkd.in/grAZ_Yhs #juniormining #silvermining

Golden Minerals Company announced it has closed the previously-announced sale of Silex Argentina S.A., its wholly-owned subsidiary that owns the El Quevar Project located in Salta Province, Argentina, to Butte Energy Inc. The total purchase price for the acquisition of Silex was US$3.5 million, of which $1 million was previously paid, and the balance of $2.5 million was paid on October 24, 2024. Details here: https://bit.ly/48ouHXi #miningnews #silvermining

Golden Minerals Company announced on Sept. 27, 2024 that further to its press release dated September 3, 2024, it has entered into a definitive agreement to sell Silex Argentina S.A., its wholly-owned subsidiary, to Butte Energy Inc.. Butte has agreed to purchase 100% of the issued and outstanding shares of Silex (the sole owner of Golden’s El Quevar silver project in Salta Province, Argentina) for US $3.5 million, payable in cash. Further details may be found on the company’s website at https://lnkd.in/gHWhMPxk #silvermining #juniormining

Golden Minerals Company issued a news release today announcing its intent to sell its Silex Argentina subsidiary, the entity holding the El Quevar silver project. Additionally, the company announced the Desierto I mining concession dispute has been favorably resolved with the Mining Court of the province of Salta, Argentina, and the concession has been returned to Golden Minerals. Finally, the company provided several additional corporate updates. See the press release here: https://lnkd.in/g-sXik_8 #silvermining #juniormining

Golden Minerals Company released financial results for the quarter ending June 30, 3024 early this morning. The news release is available on the company website: https://lnkd.in/eBCw9S43

Golden Minerals Company has announced the retirement of the Company’s Senior Vice President and Chief Financial Officer, Julie Weedman. Ms. Weedman’s retirement, which has been expected for some time, will become effective on August 15, 2024. Ms. Weedman will remain available to the Company on a consulting basis after her retirement date. The Company is pleased to announce that Joe Dwyer, Golden Minerals’ Corporate Controller, will serve as Chief Financial Officer of the Company. Mr. Dwyer has served as the Company’s Corporate Controller since joining Golden Minerals in September 2022. Previously, he served as Vice President and Corporate Controller at Kärcher North America, Director of Business Operations at Westmoreland Coal Company and Senior Manager of Financial Process & Controls at Cloud Peak Energy. Mr. Dwyer brings extensive experience with publicly held companies in corporate roles and as a manager within Deloitte’s assurance practice. For additional information, please visit https://lnkd.in/gg9fD3dS

Golden Minerals Company issued a press release containing a corporate update this morning. #miningnews #juniormining #AUMN

Golden Minerals has announced the closing of the sale of its Velardeña Mine and associated facilities, and a delay in closing the sale of Velardeña's oxide plant and water wells.  This morning's press release is available here: https://lnkd.in/gTzqukqN #miningnews #juniormining