Golden Minerals Receives NYSE Acceptance of Plan to Regain Listing Compliance

Golden Minerals Receives NYSE Acceptance of Plan to Regain Listing

Compliance

GOLDEN, Colo.--(BUSINESS WIRE)--August 23, 2023--Golden Minerals Company (“Golden

Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) announced today

that the NYSE American (the “NYSE”) has accepted the Company’s business plan to regain

compliance with the continued listing standards set forth in Section 1003(a)(iii) of the NYSE

American Company Guide.

As previously disclosed, on June 6, 2023, the Company received written notice from the NYSE

that the Company was not in compliance with Section 1003(a)(iii) which requires a listed

company to have stockholders’ equity of at least (US) $6 million when such issuer has sustained

losses from continuing operations and/or net losses in its five most recent fiscal years. The

Company reported stockholders’ equity of $4.1 million as of March 31, 2023 and $5.6 million as

of June 30, 2023. On August 22, 2023, the NYSE accepted the Company’s plan to regain

compliance and has granted to the Company a cure period of up to 18 months from the original

notice of non-compliance, or until December 6, 2024.

The listing of the Company’s common stock will continue pursuant to an extension during the

plan period, during which time the Company will be subject to periodic review to determine

whether it is making progress consistent with the accepted plan. Failure to make progress

consistent with the plan or to regain compliance with the continued listing standards by

December 6, 2024 could result in the Company’s shares of common stock being delisted from

the NYSE American.

About Golden Minerals

Golden Minerals is a gold and silver producer based in Golden, Colorado. The Company is

primarily focused on initiating production at its Velardeña Properties (Mexico), advancing its

Yoquivo gold-silver property (Mexico), advancing its El Quevar silver property (Argentina)

through partner-funded exploration and 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

Company's plan to regain compliance with the continued listing standards of the NYSE

American. These statements are subject to risks and uncertainties, including the Company’s

ability to obtain a source of capital sufficient to allow it to restart operations at the Velardeña

Properties and continue to pay general and administrative expenses; changes in interpretations of

geological, geostatistical, metallurgical, mining or processing information and interpretations of

the information resulting from exploration, analysis or mining and processing experience; and

the Company’s ability to successfully mine the Velardeña Properties as contemplated in the

PEA. Golden Minerals assumes no obligation to update this information. Additional risks

relating to Golden Minerals may be found in the periodic and current reports filed with the

Securities and Exchange Commission by Golden Minerals, including the Company’s Annual

Report on Form 10-K for the year ended December 31, 2022.

Follow us at www.linkedin.com/company/golden-minerals-company/ and

https://twitter.com/Golden_Minerals.

For additional information please visit http://www.goldenminerals.com/.

Contacts

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060