Golden Minerals Receives Continued Listing Standard Notice From NYSE American
Golden Minerals Receives Continued Listing Standard Notice From NYSE
American
GOLDEN, Colo.--(BUSINESS WIRE)--July 9, 2024--Golden Minerals Company (“Golden
Minerals”, “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) today announced
that on July 2, 2024, the Company was notified by the NYSE American LLC (the “NYSE
American”) that it was not in compliance with three of the NYSE American’s continued listing
standards as set forth in Part 10 of the NYSE American Company Guide (the “Company
Guide”). Specifically, the Company is not in compliance with Sections 1003(a)(i), 1003(a)(ii)
and 1003(a)(iii) of the Company Guide since it reported stockholders’ equity of $0.6 million as
of March 31, 2024 and losses from continuing operations and/or net losses in its five most recent
fiscal years. The Company was previously notified on June 9, 2023 that it was not in compliance
with Section 1003(a)(iii). On July 6, 2023, the Company submitted a plan to achieve compliance
by December 6, 2024. On August 22, 2023, the NYSE Regulation staff accepted the plan and
granted a plan period through December 6, 2024.
The notification from the NYSE American has no immediate effect on the Company’s common
stock or its business operations. The Company’s common stock will continue to be listed on the
NYSE American under the symbol “AUMN” while it regains compliance with Sections
1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the Company Guide, subject to the Company’s
compliance with other continued listing requirements.
About Golden Minerals
Golden Minerals is a precious metals mining exploration company based in Golden, Colorado.
The Company is primarily focused on advancing its El Quevar silver property in Argentina and
also on advancing its Yoquivo property in Mexico. The Company is also focused on acquiring
and advancing selected mining properties in Mexico, Nevada and Argentina.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as
amended, and applicable Canadian securities legislation, including statements regarding the plan
to achieve compliance with the NYSE American and other factors that may cause actual results,
performance or achievements to be materially different than those expressed or implied. These
statements are subject to risks and uncertainties. Golden Minerals assumes no obligation to
update this information. Additional risks relating to Golden Minerals can be found in the
periodic and current reports filed with the Securities Exchange Commission by Golden Minerals,
including the Company's Annual Report on Form 10-K for the year ended December 31, 2023
and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024.
For additional information please visit http://www.goldenminerals.com/.
Contacts
Golden Minerals Company
(303) 839-5060