Golden Minerals Q2 net loss $1.5M; cash burn may force liquidation before Q4 2023

Golden Minerals Co

Revenue $5.0M, down 15% YoY; net loss $1.5M ($0.21/share) vs $2.8M loss in Q2 2022.
Cash and equivalents $3.4M at June 30, zero debt; aggregate cash $2.8M at July 31.
Rodeo mine mining ended in June; Velardeña restart requires $2-3M additional financing.
Without near-term capital, company may be forced to liquidate before Q4 2023.
Net operating margin from Velardeña concentrate sales $1.1M; Rodeo margin near zero.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Golden Minerals Co reported second quarter 2023 results: revenue Revenue was $5.0 million in the second quarter 2023, net income Net loss was $1.5 million or $0.21 per share in the second quarter 2023.

Period: second quarter 2023
Revenue: Revenue was $5.0 million in the second quarter 2023
Net income: Net loss was $1.5 million or $0.21 per share in the second quarter 2023
Result: reported results

Exact text from the filing

Revenue was $5.0 million in the second quarter 2023 which included Rodeo's sale of metals, sales of Velardeña concentrates and sales of Rodeo slag material.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Golden Minerals Co reported second quarter of 2023 results: revenue $5.0 million, net income Net loss was $1.5 million or $0.21 per share.

Period: second quarter of 2023
Revenue: $5.0 million
Net income: Net loss was $1.5 million or $0.21 per share
Result: reported results

Exact text from the filing

NYSE American shareholders’ equity minimum balance of $6 million, and the plan has been accepted by the NYSE American for review. Second Quarter Financial Summary ● Revenue was $5.0 million in the second quarter 2023 which included Rodeo’s sale of metals, sales of Velardeña concentrates and sales of Rodeo slag material. Revenue was $5.9 million in the second quarter

View on SEC.gov

50 earnings releases filed in the last 30 days. Browse all earnings releases →

Golden Minerals Co filing history →

Source: SEC EDGAR

accession 0001104659-23-089780

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.