Golden Minerals Co（AUMN）资讯与事件AUMNGolden Minerals Co

Golden Minerals Company Sells Mexican Subsidiaries for $65,000

Golden Minerals Company completed the sale of its wholly owned Mexican subsidiaries, Servicios Velardena and GMC Equipos, to a privately held Mexican group. The transaction was completed on December 30, for total consideration of approximately $65,000. Upon consummation of the transaction, Servicios Velardena and GMC Equipos held net operating losses, inflation-adjusted capital contributions, several liabilities including approximately $60,000 in past-due accounts payable, the remaining labor claim in Mexico of approximately $56,000, and the Rodeo mining concession, a mined-out project that includes an associated asset retirement obligation with a book liability value of approximately $450,000. Under Mexican law, the balance of the subsidiaries' capital contribution accounts may be bought and sold. All funds related to the sale have been received.

Golden Minerals says resources not sufficient to meet cash needs for 12 months

The company said, "The Company does not currently have sufficient resources to meet its expected cash needs for a period of twelve months beyond the filing date of the 2025 Quarterly Report on Form 10-Q that accompanies this press release. At June 30, 2025, Golden Minerals had current assets of approximately $2.7M, including cash and cash equivalents of approximately $2.5M. On the same date, it had accounts payable and other current liabilities of approximately $4.3M, which includes $2.97M in deferred revenue for the sale of the Velardena oxide plant and water wells recorded within Current liabilities held for sale on the interim Condensed Consolidated Balance Sheets. As previously disclosed, the Company ceased mining at the Velardena mines in Mexico as of June 30, 2024 and subsequently sold the mines and certain related assets. As of June 30, 2025, the Company was owed $32,000 plus $5,000 value-added tax of the $3M purchase price for the Velardena oxide plant and water wells and other minor remaining Velardena assets. The Company's only near-term opportunity to generate cash flow to meet its expected cash requirements is from the sale of assets, equity or other external financing. The Company is evaluating and pursuing alternatives, including the potential sale of the Company, finalizing the sale of its assets at the Velardena Properties, seeking buyers or partners for the Company's other assets or obtaining equity or other external financing. In the absence of additional cash inflows, the Company anticipates that its cash resources will be exhausted in approximately the first quarter of 2026. If Golden Minerals is unable to obtain additional cash resources or sell the Company, it will be forced to cease operations and liquidate."

Golden Minerals reports 1H EPS (12c) vs. (19c) last year

The company said, "The Company has achieved a significant reduction in liabilities and a meaningful decrease in our cost structure through its restructuring efforts in 2024 which continued into the first half of 2025. These combined actions allowed us to strengthen our balance sheet and preserve capital, enabling us to shift focus toward our most promising exploration assets as further described below. We expect the restructuring actions to be completed once the remaining sales agreement for the Velardena assets is completed, which we anticipate happening in the third quarter. The Desierto project, located in the Puna geological region of Salta Province, Argentina, has been the subject of surface exploration that identified zones of alteration, including clay and silica-rich areas typically associated with precious metal systems. Rock sampling in multiple zones has returned anomalous gold and silver values, and the alteration patterns suggest the presence of a potentially larger mineralizing system at depth. The Company anticipates initiating a Phase I drill program targeting extensions of gold mineralization identified at the adjacent Sarita Este project. The Company is working on the joint venture documentation and plans to continue to integrate prior drilling data to refine its regional geological model."