03:51:24 EDT Thu 18 Jul 2024
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Golden Minerals Company (2)
Symbol AUMN
Shares Issued 7,119,285
Close 2023-06-09 C$ 3.14
Market Cap C$ 22,354,555
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Golden Minerals not compliant with NYSE listing rules

2023-06-09 19:59 ET - News Release

Ms. Karen Winkler reports

GOLDEN MINERALS RECEIVES CONTINUED LISTING STANDARD NOTICE FROM NYSE AMERICAN

On June 6, 2023, Golden Minerals Company was notified by the NYSE American LLC that it was not in compliance with one of NYSE American's continued listing standards as set forth in Part 10 of the NYSE American Company Guide. Specifically, the company is not in compliance with Section 1003(a)(iii) of the company guide since it reported stockholders' equity of less than $6.0-million as of March 31, 2023, and losses from continuing operations and/or net losses in its five most recent fiscal years. In order to maintain its listing on the NYSE American, the company was asked to submit a plan of compliance no later than July 6, 2023, advising how the company intends to regain compliance with Section 1003(a)(iii) of the company guide by Dec. 6, 2024. The company intends to prepare and timely submit its plan of compliance to the NYSE American.

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 Section 1003(a)(iii) of the company guide, subject to the company's compliance with other continued listing requirements.

About Golden Minerals Company

Golden Minerals is a gold and silver producer based in Golden, Colo. The company is primarily focused on producing gold and silver from its Rodeo mine, advancing its Velardena and Yoquivo properties in Mexico, and, through partner-financed exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

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