Past year: ▼ 33%(19.0c – 37.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
20 May 2026capital raising announcement▲ GoodMajor
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.
29 June 2023capital raising announcement▲ Good
Raised roughly $1.1 million in a registered direct offering of 790,000 shares plus pre-funded warrants at $1.45 per share -- a marked price recovery from the $0.17-0.50 range of 2016-2020.
23 Apr 2020capital raising announcement▼ BadMajor
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.
What it means for a shareholder
15.0m new shares at about US$0.200 to raise about US$3.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held US$1,000 of shares (5,000 at the issue price), your slice goes from 0.00461% to 0.00405% of the company. To keep it you'd need 692 more shares - about US$138 at the issue price.
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13 Apr 2020capital raising announcement▲ GoodMajor
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.
19 July 2019capital raising announcement▼ BadMajor
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.
What it means for a shareholder
8.7m new shares at US$0.260 to raise about US$2.3m. That's 8.1% dilution: every existing holder's slice gets 8.1% smaller. If you held US$1,000 of shares (3,846 at the issue price), your slice goes from 0.00392% to 0.0036% of the company. To keep it you'd need 339 more shares - about US$88 at the issue price.
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9 May 2018capital raising announcement▼ Bad
Sold 3,153,808 shares to Lincoln Park Capital for just $1.3 million ($0.4122/share) under its equity line -- another small, dilutive raise reflecting continued financial distress.
3 Aug 2017capital raising announcement▲ GoodMajor
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.
14 June 2016capital raising announcement● Neutral
Sentient converted the remaining roughly $1.2 million balance of its 2015 secured note into 4,011,740 shares at $0.29, fully retiring the note.
6 May 2016capital raising announcement▼ BadMajor
Raised $4.0 million in a registered direct offering plus warrants at $0.50 per share -- still deep in penny-stock territory.
18 Feb 2016capital raising announcement▼ BadMajor
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.
10 Sept 2014capital raising announcement▼ BadMajor
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.
19 Sept 2012capital raising announcement▼ BadMajor
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.
What it means for a shareholder
5.5m new shares at about US$5.75 to raise about US$31.6m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held US$1,000 of shares (174 at the issue price), your slice goes from 0.000487% to 0.000422% of the company. To keep it you'd need 27 more shares - about US$155 at the issue price.
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11 Oct 2011capital raising announcement▲ GoodMajor
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.
What it means for a shareholder
4.1m new shares at US$7.44 to raise about US$30.6m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held US$1,000 of shares (134 at the issue price), your slice goes from 0.000426% to 0.000377% of the company. To keep it you'd need 18 more shares - about US$134 at the issue price.
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26 Oct 2010capital raising announcement▲ GoodMajor
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.
12 Oct 2010capital raising announcement▲ GoodMajor
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.
What it means for a shareholder
4.1m new shares at US$18.50 to raise about US$75.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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24 Mar 2010capital raising announcement▲ GoodMajor
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.
What it means for a shareholder
4.0m new shares at US$8.50 to raise about US$31.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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13 Jan 2010capital raising announcement▲ GoodMajor
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.
