secwatch.observer — SEC 8-K summary
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Issuer:     Golden Minerals Co (AUMN)
CIK:        0001011509
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001104659-24-090560
Event type: earnings
Sentiment:  negative
Materiality: 1.00
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1011509/000110465924090560/0001104659-24-090560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1011509/000110465924090560/tm2421922d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-090560

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