Golden Minerals Co

Agreed to sell 3,740,000 shares to Streamline Metals Capital Ltd., a private mining investor, for about $856,000 at $0.229/share -- new outside capital found after NYSE American's December 2024 delisting proceedings pushed the stock to the OTC Pink Market; the deal also requires Toronto Stock Exchange approval.

capital raising announcement

Golden Minerals Co's exchange filed to remove a class of its securities from listing.

listing compliance notice

NYSE American moved to suspend and delist Golden Minerals' stock outright, ruling it no longer suitable for listing; shares were set to move to the OTC Pink Market - the terminal outcome of a listing-compliance crisis that had been building since 2019.

listing compliance notice

Golden Minerals completed the El Quevar sale to Butte Energy (which renamed itself Argenta Silver Corp), leaving the company with only two minor exploration properties, about $3.6 million cash, and an explicit warning it may need to sell itself or its remaining assets or else cease operations.

asset acquisition disposition

Golden Minerals signed the definitive agreement to sell El Quevar (via Silex Argentina) to Butte Energy for the same $3.5 million, with $1 million already received.

material agreement

Facing urgent liquidity needs (and still owed $2.8 million from the Velardeña sale), Golden Minerals agreed to sell Silex Argentina S.A. - the subsidiary holding its last major asset, the El Quevar silver project - to Butte Energy for $3.5 million.

material agreement

Golden Minerals' listing troubles deepened sharply: NYSE American found it now failed all three stockholders'-equity tests, with equity down to just $0.6 million.

listing compliance notice

Golden Minerals, having ceased mining at Velardeña earlier in 2024, agreed to sell its remaining Velardeña mines, plants and equipment to a private Mexican buyer for $5.5 million - a full exit from the asset it had restarted only a year earlier.

material agreement

Barrick Gold walked away from its 2020 option to earn a 70% stake in Golden Minerals' El Quevar silver project in Argentina after spending over $6 million and drilling five holes, handing full ownership back to Golden Minerals but ending a funded exploration partnership the company had not previously disclosed to this level of detail.

material agreement termination

Golden Minerals completed the sale of Santa Maria to TSM for $1.5 million cash plus VAT, retaining a capped 1.5% royalty - closing out a Santa Maria disposal effort that had run through a lapsed Magellan option and an unclosed Fabled deal since 2019.

asset acquisition disposition

Golden Minerals raised capital again through a public offering of stock and warrants to institutional investors at $0.70 per share, adding to its recurring reliance on dilutive equity financing to stay funded.

material agreement

NYSE American again flagged Golden Minerals for insufficient stockholders' equity, but the same announcement disclosed the Board had approved restarting silver-gold mining at Velardeña on improved sales terms, funded with only about $0.5 million after successful 2023 test-mining sales.

listing compliance notice

Golden Minerals signed a definitive agreement to sell its Santa Maria option to Fabled (by now renamed Fabled Silver Gold Corp) on the same roughly $4 million staged terms outlined in the July letter of intent, plus a royalty.

material agreement

Golden Minerals raised roughly $7.5 million in fresh capital through an underwritten public stock offering with H.C. Wainwright, selling about 17.9 million shares at $0.42 each.

material agreement

With Magellan's option lapsed, Golden Minerals lined up a new prospective buyer for Santa Maria, signing a binding letter of intent with Fabled Copper Corp for staged payments totaling about $4 million plus a royalty.

material agreement

Hecla exercised its right to end the Velardeña processing lease early, closing out the fee-income arrangement a month ahead of its scheduled expiration.

material agreement termination

Raised $3.0 million in a registered direct offering (15,000,000 shares) plus warrants at $0.20 per share -- pricing near the company's historic lows, with investors also getting rights to participate in up to 50% of any offering over the next year.

capital raising announcement

Golden Minerals reported positive updated technical studies for Velardeña (a ten-year underground plan with bio-oxidation processing) and a first economic assessment for its Rodeo gold project, though no decision to restart production had been made.

resource reserve update

Granted Barrick Gold Corporation an earn-in option on the El Quevar silver project (Salta, Argentina): Barrick could earn a 70% interest by spending $10 million on exploration over eight years and delivering a pre-feasibility study -- a major-miner endorsement of the project (an option Barrick would later drop in April 2024). Separately, restructured repayment of a $1.5 million deposit owed to Compania Minera Autlan after an earlier 2019 asset-sale agreement with Autlan fell through, with the unpaid balance now accruing 12% interest.

capital raising announcement

As the cash crunch continued into the pandemic, Golden Minerals borrowed another $1 million from Sentient (by now roughly 38% owner) in an unsecured short-term loan.

debt financing

Magellan Gold's option to acquire Golden Minerals' Santa Maria project expired unexercised, so the expected $1 million option payment won't be received; with only about $2.2 million cash on hand, Golden Minerals cut discretionary exploration spending.

farm in farm out agreement

The planned $22 million sale of the Velardeña properties to Compañía Minera Autlán fell through, terminated under its own terms after Autlán's due-diligence period - a setback to Golden Minerals' divestiture plan.

debt financing

NYSE American warned Golden Minerals it had fallen below the minimum stockholders' equity required for continued listing after five straight years of losses, giving it until September 2019 to submit a compliance plan.

listing compliance notice

Raised $2.25 million selling 8,653,846 shares at $0.26 through H.C. Wainwright, with matching Series A warrants at $0.35. The same investors' May 2016 warrants, which still had until November 2021 to run at $0.75, were swapped one-for-one for 4.5 million new warrants at $0.35 - a repricing rather than a rescue of expiring paper, and further dilution on top of the placement.

capital raising announcement

Golden Minerals agreed to sell its Velardeña properties - the mines, processing plants and adjacent Rodeo/Santa Maria concessions - to Compañía Minera Autlán for $22 million, a major planned divestiture of its core Mexican asset base.

material agreement

Granted lessee Hecla Mining Company an option to extend its Velardeña oxide-plant lease by up to two more years (through end-2020) in exchange for a $1.0 million upfront cash payment plus a further $1.0 million purchase, extending a cash-generating relationship that had let Golden Minerals monetize idle processing capacity.

capital raising announcement

Raised $4.0 million in a registered direct offering plus warrants at $0.50 per share -- still deep in penny-stock territory.

capital raising announcement

Sentient converted about $4.0 million of principal and interest on its 2015 $5 million secured note into 23,355,000 shares at roughly $0.17 -- steep dilution at a distressed share price.

capital raising announcement

Golden Minerals borrowed $5 million from Sentient Global Resources Fund IV (successor to its earlier Sentient investor, now roughly 27% owner) via a convertible note - continued reliance on its largest shareholder to fund operations through the mining downturn.

debt financing

With its own mining paused, Golden Minerals leased its idle Velardeña oxide processing plant to Hecla Mining's Mexican subsidiary for 18 months, generating fee income from someone else's ore.

material agreement

Raised about $3.2 million in a Roth Capital-led unit offering at just $0.86 per unit -- a steep drop from 2012 pricing, reflecting the deepening silver bear market and the company's worsening finances.

capital raising announcement

Raised about $31.6 million in a Wells Fargo-led unit offering (5,497,504 shares plus half-warrants) at $5.75 per unit -- well below the $18.50 pricing of 2010, as silver prices retreated from their 2011 peak.

capital raising announcement

Golden Minerals released an updated resource estimate for its Velardeña operations in Mexico showing roughly 50% higher grades than previous estimates.

resource reserve update

Sold 4,118,150 shares to Sentient at $7.44 for about $30.6 million, taking Sentient's stake to roughly 19.9% -- the point at which Sentient became the company's largest shareholder.

capital raising announcement

Completed its acquisition of ECU Silver Mining Inc. via a plan of arrangement, issuing replacement stock options and warrants to former ECU securityholders.

business combination

Golden Minerals agreed to acquire ECU Silver Mining Inc. in a Canadian court-approved share-and-cash arrangement, expanding its Mexican silver holdings.

business combination

Sold 1,190,031 shares to major shareholder Sentient Global Resources Fund at $18.50 for about $22 million, continuing to build Sentient's stake in the company.

capital raising announcement

Raised roughly $75 million more in an underwritten public offering of 4,055,000 shares at $18.50 -- more than double the March 2010 price, as silver prices rallied.

capital raising announcement

Raised roughly $31 million in an underwritten public offering of 4,000,000 shares at $8.50, led by Dahlman Rose, Canaccord and Rodman & Renshaw.

capital raising announcement

the New York Stock Exchange certified Golden Minerals Co's securities for listing, clearing them to begin trading.

listing compliance notice

Completed the purchase of Hochschild Mining's 35% interest in Minera El Quevar (paying 400,000 shares plus warrants for 300,000 more), giving Golden Minerals full ownership of the El Quevar silver project in Salta, Argentina.

capital raising announcement

Golden Minerals brought in Sentient Global Resources Fund as a major new shareholder through a private placement giving it 19.9% ownership, with rights to maintain that stake through the company's planned public offering and a referenced concurrent transaction with Hochschild.

material agreement

Apex Silver Mines completed its Chapter 11 reorganization and emerged as Golden Minerals Company (Delaware), succeeding Apex Silver as SEC registrant; the stock began OTC trading in early April 2009.

asset acquisition disposition

Golden Minerals Co's exchange filed to remove a class of its securities from listing.

listing compliance notice

NYSE Alternext escalated its delisting warning, stating it had been advised Apex Silver's stock was effectively worthless and that it intended to formally strike the shares from the exchange.

listing compliance notice

Sumitomo agreed to provide Apex Silver up to $35 million in debtor-in-possession financing to keep it operating through the bankruptcy process.

debt financing

Apex Silver and its U.S. subsidiary filed for Chapter 11 bankruptcy, having lined up support from Sumitomo, its senior lenders and roughly 65% of its convertible noteholders for a reorganization plan built around Sumitomo acquiring San Cristobal.

bankruptcy or receivership

NYSE Alternext warned Apex Silver it no longer met listing standards given its losses and impaired finances, and expected to begin delisting proceedings; the company said it would not appeal.

listing compliance notice

Apex Silver disclosed a non-binding plan to sell its entire San Cristobal stake to Sumitomo for just $22.5 million cash, conditioned on restructuring its $290 million convertible notes through a Chapter 11 bankruptcy - the point at which its financial distress became existential.

debt financing

Sumitomo increased its loan to the San Cristobal subsidiary a third time, underscoring how dependent the project had become on its minority partner's cash and deepening the potential dilution of Apex Silver's stake.

debt financing

Sumitomo's loan to the San Cristobal subsidiary was increased by another $25 million, pushing Apex Silver's potential ownership dilution further, to roughly 46% if the debt were fully converted to equity.

debt financing

With San Cristobal needing more cash, its operating subsidiary borrowed $50 million from a Sumitomo affiliate under a loan convertible into subsidiary shares - a facility that could shrink Apex Silver's indirect ownership toward roughly 53% if fully converted.

debt financing

Apex Silver disclosed a second derivative-valuation error, this time from failing to account for its own credit risk under a new accounting standard, requiring another restatement of Q1 2008 results.

financial restatement

Apex Silver said it had been using the wrong method to value its metals derivative contracts tied to San Cristobal's future production, forcing a restatement of prior financial statements.

financial restatement

Apex Silver Mines (the company later reorganized as Golden Minerals) sold a 35% stake in its San Cristobal silver-zinc-lead project in Bolivia to Sumitomo Corporation for $224 million cash plus production-linked payments, retaining 65% ownership.

asset acquisition disposition