---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-089780"
form_type: "8-K"
ticker: "AUMN"
cik: "0001011509"
company_name: "Golden Minerals Co"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:13:19.268900+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-089780
- form_type: 8-K
- ticker: AUMN
- cik: 0001011509
- company_name: Golden Minerals Co
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1011509/000110465923089780/0001104659-23-089780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1011509/000110465923089780/tm2323362d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-089780
- JSON: https://secwatch.observer/filing/0001104659-23-089780.json
- Plain text: https://secwatch.observer/filing/0001104659-23-089780.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1011509/000110465923089780/0001104659-23-089780-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1011509/000110465923089780/0001104659-23-089780-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.