Golden Minerals Receives Continued Listing Standard Notice From NYSE American
June 09 2023 - 7:47PM
Business Wire
Golden Minerals Company (“Golden Minerals”, “Golden” or the
“Company”) (NYSE-A: AUMN and TSX: AUMN) today announced that on
June 6, 2023, the Company was notified by the NYSE American LLC
(the “NYSE American”) 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 (the “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
December 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
Golden Minerals is a gold and silver producer based in Golden,
Colorado. The Company is primarily focused on producing gold and
silver from its Rodeo Mine, advancing its Velardeña and Yoquivo
properties in Mexico and, through partner-funded exploration, its
El Quevar silver property in Argentina, as well as 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 submission of the plan of compliance with the
NYSE American. These statements are subject to risks and
uncertainties, including: whether the plan of compliance will be
timely submitted to the NYSE American, whether such plan of
compliance will be approved by the NYSE American, and other factors
that may cause actual results, performance or achievements to be
materially different than those expressed or implied. 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, 2022 and the
Company’s Quarterly Report on Form 10-Q for the quarter ended March
31, 2023.
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version on businesswire.com: https://www.businesswire.com/news/home/20230609005440/en/
For additional information please visit
http://www.goldenminerals.com/ or contact: Golden Minerals Company
Karen Winkler, Director of Investor Relations (303) 839-5060
Investor.relations@goldenminerals.com
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