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 […]

Click here to view original web page at www.globenewswire.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.