Golden Minerals Receives Continued Listing Standard Notice From NYSE American
July 09 2024 - 6:45AM
Business Wire
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/.
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Golden Minerals Company (303) 839-5060
Investor.relations@goldenminerals.com
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