Golden Minerals Reports Third Quarter 2020 Results

GOLDEN, Colo., Nov. 05, 2020 (GLOBE NEWSWIRE) — Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American and TSX: AUMN) today announced financial results and a business summary for the quarter ending September 30, 2020.

Third Quarter Summary Financial Results Revenue of $2.1 million and a net operating margin (oxide plant lease revenue less lease costs) of $1.6 million related to the lease of the Company’s oxide plant to Hecla Mining Co. in the third quarter 2020, compared to a $1.4 million net operating margin realized in the third quarter 2019 (all figures presented in approximate USD)

Cash and cash equivalents balance of $8.7 million as of September 30, 2020, compared to $4.6 million on hand at year-end 2019

Exploration expenses of $1.2 million in the third quarter 2020, compared to $0.9 million in the year ago period Zero debt after repaying related party short term debt […]

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