secwatch.observer — SEC 8-K summary
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Issuer:     Golden Minerals Co (AUMN)
CIK:        0001011509
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001104659-24-085402
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1011509/000110465924085402/0001104659-24-085402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1011509/000110465924085402/tm2420781d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-085402

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