Golden Minerals Q1 net loss $0.6M; sells Mexico subsidiary for $1.2M, raises $856k in PIPE

Golden Minerals Co

Q1 net loss $0.6M ($0.04/sh) vs $1.2M ($0.08/sh) YoY; admin expenses down to $0.5M.
Cash and equivalents $0.9M at Mar 31 (down from $1.3M); no debt.
After quarter end, sold Minera William (Mexico subsidiary) for $1.2M cash; also agreed to issue 3.74M shares at $0.2290 for gross $856k.
Company expects cash from these transactions to fund into early 2027 but still needs additional financing; evaluating sale or partnerships.

item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Golden Minerals Co entered into Subscription Agreement with Streamline Metals Capital Ltd. valued at aggregate gross proceeds of approximately US$856,463 (effective 2026-05-14).

Action: entry
Agreement: equity purchase
Counterparty: Streamline Metals Capital Ltd.
Value: aggregate gross proceeds of approximately US$856,463
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026, Golden Minerals Company (the “Company”), entered into a Subscription Agreement (the “Subscription Agreement”) with Streamline Metals Capital Ltd., a private mining investment company (“Streamline”), providing for the issuance and sale by the Company in a private placement (the “Private Placement”) an aggregate of 3,740,000 shares of the Company’s common stock, $0.01 par value per share, at a purchase price of US$0.2290 per share (the “Private Placement Shares”), for aggregate gross proceeds of approximately US$856,463.

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Golden Minerals Co filing history →

Source: SEC EDGAR

accession 0001104659-26-064509

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