Golden Minerals Faces Liquidity Challenges in Q2

Golden Minerals Co (AUMN) has released an update.

Golden Minerals Company has reported a net loss of $2.7 million in the second quarter of 2024, with cash and equivalents dropping to $1.4 million from $3.8 million at the end of 2023. The company, which has zero debt, is facing liquidity challenges and is actively seeking to generate cash through asset sales, including its El Quevar and Yoquivo projects, after halting mining at the Velardeña mine.

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