Golden Minerals Q2 net loss $2.7M; warns cash may run out in Sept 2024

Golden Minerals Co

Net loss $2.7M ($0.19/sh) vs $1.5M ($0.21/sh) in Q2 2023; cash and equivalents $1.4M at June 30, 2024.
Company says cash resources will be exhausted in September 2024; as of Aug 9 cash only $0.7M.
Needs $6M-$8M additional capital to fund through June 2025; considering bankruptcy for Mexican subsidiaries.
Buyer of Velardeña oxide plant in default on $3M payment; Company seeking buyers for El Quevar and Yoquivo.

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