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GOLDEN, Colo., Sept. 12, 2019 -- Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE American and TSX: AUMN) has released final results from the 2019.
Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that the previously announced purchase and sale agreement with Compañía Minera Autlán S.A.B. de C.V. (MSE:AUTLANB) (“Autlán”) 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 Minerals’ President and Chief Executive Officer, commented, “While it is unfortunate we could not come to terms with Autlán, we are now in a position to consider future options for the properties that were included in the Autlán agreement. The Company will continue to hold the Velardeña properties and lease its oxide mill to a subsidiary of Hecla Mining Company, which is expected to result in net operating margin to the Company of approximately $5.0 million per year. This lease has been ongoing since 2015, and Hecla is permitted to continue processing its San Sebastian material at the oxide mill through 2020.
Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American and TSX: AUMN) today announced that on August 19, 2019, the Company was notified by the NYSE American LLC (the “NYSE American”) 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 (the “Company Guide”). Specifically, the Company is not in compliance with Section 1003(a)(iii) of the Company Guide since it reported stockholders’ equity of less than $6.0 million as of June 30, 2019 and losses from continuing operations and/or net losses in its five most recent fiscal years.
GOLDEN, Colo., Aug. 07, 2019 -- Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American and TSX: AUMN) has released financial results and a.
Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals" or the "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 to use the proceeds from the offering for working capital requirements and general corporate purposes.
Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals" or the "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. Each of the investors in this offering holds warrants that were issued by the Company in May 2016 and are exercisable until November 2021.