Golden Minerals CFO departing; cash may run out by Sept 2024; Velardeña sale delayed

Golden Minerals Co

Julie Weedman retiring as SVP and CFO effective Aug 15, 2024; Joe Dwyer (Corp Controller) appointed CFO.
Cash and cash equivalents $1.4M as of June 30 vs $4.8M current liabilities; expects cash exhausted by Sept 2024.
Velardeña asset sale: received $2.5M+ for mine/plant; $373k partial for oxide plant; $2.627M due July 1, payment uncertain.
Evaluating sale of El Quevar (Argentina), Yoquivo (Mexico), or entire company; may cease operations if no funding.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Julie Weedman

Senior Vice President and Chief Financial Officer

AUMN · Golden Minerals Co

Effective: 2024-08-15
Successor: Joe Dwyer
Filed: August 2, 2024, 7:59 PM ET

On July 29, 2024, Julie Weedman notified the Company that she would be retiring and resigning from her roles as Senior Vice President and Chief Financial Officer of the Company, effective on August 15, 2024.

Appointed

Joe Dwyer

Chief Financial Officer

AUMN · Golden Minerals Co

Effective: 2024-08-15
Filed: August 2, 2024, 7:59 PM ET

On July 31, 2024, the Board of Directors of the Company appointed Joe Dwyer, the current Corporate Controller of the Company, as the Chief Financial Officer of the Company, effective as of August 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Julie Weedman resigned as Senior Vice President and Chief Financial Officer at Golden Minerals Co.

Action: resigned
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On July 29, 2024, Julie Weedman notified the Company that she would be retiring and resigning from her roles as Senior Vice President and Chief Financial Officer of the Company, effective on August 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Joe Dwyer was appointed as Chief Financial Officer at Golden Minerals Co.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 31, 2024, the Board of Directors of the Company appointed Joe Dwyer, the current Corporate Controller of the Company, as the Chief Financial Officer of the Company, effective as of August 15, 2024.

View on SEC.gov

Golden Minerals Co filing history →

Source: SEC EDGAR

accession 0001104659-24-085402

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