regulatory
confidence high
sentiment negative
materiality 0.80
Golden Minerals receives NYSE American non-compliance notice; equity only $0.6M
Golden Minerals Co
- Stockholders' equity of $0.6M as of March 31, 2024, below minimum $2M requirement.
- Company not in compliance with Sections 1003(a)(i), (ii), and (iii) due to five straight years of losses.
- Must regain compliance by December 6, 2024, under an existing plan accepted on August 22, 2023.
- Notice has no immediate effect on listing; stock continues trading under symbol AUMN.
- Company faces periodic NYSE American review of its compliance progress.