Golden Minerals Co（AUMN）資訊與事件AUMNGolden Minerals Co

Golden Minerals Launches 1,250-Meter Drill Program with $1.088M Budget

Golden Minerals has commenced a 1,250-meter drill program, with an estimated budget of $1.088M, to test the Sico, Cobre and Iceberg targets, three of the multiple known gold and copper targets on its Desierto exploration concessions in Salta Province, Argentina. This four- to six-week drill program is expected to be completed during Q4 2026, with full results available during Q1 2027, and will consist of: Sico - Four holes to test the down dip extension of a large gold bearing alteration system drilled by Golden on its adjacent Sarita property. Cobre - One hole to test the below-surface potential of an outcropping, high-grade gold bearing epithermal quartz vein. Iceberg - One hole to test an alunite/pyrophyllite alteration zone that is contiguous with the alteration zone associated with First Quantum Minerals Ltd.'s neighboring Taca Taca deposit. Golden's 2,505-hectare Desierto property is located approximately 3.5 kilometres southwest of the Taca Taca Cu-Mo deposit and approximately 50 kilometers north of Fortuna Mining Corp.'s Lindero gold mine. The Desierto concessions are held jointly by Golden Minerals and Salta Geothermal, a subsidiary of Cascadero Copper. On September 1, Cascadero Copper Corporation announced the sale of its interests in the Desierto concessions and other properties in Argentina to Lumina Copper Corporation. The Desierto concessions host numerous surface gold occurrences, porphyry copper/gold style alteration and significant magnetic anomalies, including the three targets being tested in this initial drill program as described below. The Sico gold target was initially discovered by drilling geochemical anomalies on the Sarita property, which is held jointly by Golden and Cascadero. Near surface oxidized gold mineralization at Sarita included drill intersections of: DDH SE 22038 15.8 m @ 2.76 g/t gold from 32.5 meters depth; DDH SE 22035 12.5 m @ 2.11 g/t gold from 27.0 meters depth; DDH SE 22012 28.2 m @ 1.37 g/t gold from 19.5 meters depth Gold mineralization at Sarita occurs as oxidized quartz-limonite micro veinlets within an intermediate sulfidation epithermal alteration zone and may be related to nearby porphyry systems. Importantly, the Sarita mineralization strikes east-west and appears to dip approximately 40 degrees south onto the Desierto concessions. The Cobre target includes an outcropping +2 meter-wide gold-bearing quartz vein, the exposed portion of which strikes roughly north-south, forming a pronounced rib that dips moderately to the west. Grab samples collected over a 200-meters strike length of this outcropping target have returned consistently high gold values, including fire-assay results of 45.8, 10.2, 10.1, and 6.5 g/t of gold. This vein has never been drill-tested. The Iceberg target will be tested with a 600-meter drill hole to evaluate a strong advanced-argillic alunite/pyrophyllite alteration zone that projects 4 km northwest to the nearby Taca Taca deposit. This alteration zone is interpreted to represent the upper portions of a porphyry copper system, near the base of the epithermal alteration zone, similar to Taca Taca. The Iceberg target area is marked by a strongly leached cap that may have an associated supergene copper blanket at depth, as is the case at Taca Taca.

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."