Almaden Minerals Ltd. Files 20-F Report for Fiscal Year Ended December 31, 2023

TL;DR

<b>Almaden Minerals Ltd. has submitted its 20-F annual report for the fiscal year ending December 31, 2023, detailing its financial performance and business operations.</b>

AI Summary

ALMADEN MINERALS LTD (AAUAF) filed a Foreign Annual Report (20-F) with the SEC on April 26, 2024. Almaden Minerals Ltd. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business address is Suite 210 - 1333 Johnston Street, Vancouver, A1, V6H 3R9. The filing includes financial data for the years 2021, 2022, and 2023. Key entities mentioned include Puebla Holdings Inc., Minera Gorrion SA de CV, and the Tuligtic Project.

Why It Matters

For investors and stakeholders tracking ALMADEN MINERALS LTD, this filing contains several important signals. This filing provides stakeholders with a comprehensive overview of Almaden Minerals' financial health and operational status for the past fiscal year, crucial for investment decisions. The 20-F report is a mandatory filing for foreign private issuers like Almaden Minerals, ensuring transparency and compliance with SEC regulations.

Risk Assessment

Risk Level: low — ALMADEN MINERALS LTD shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain new material events or significant financial changes that would indicate high risk.

Analyst Insight

Review the detailed financial statements and operational updates within the 20-F filing to assess the company's performance and future prospects.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-26 — Filing Date (Date Filed)
• 2023 — Reporting Year (Fiscal Year)
• 2022 — Previous Year (Comparative Financial Data)
• 2021 — Earlier Year (Comparative Financial Data)

Key Players & Entities

• ALMADEN MINERALS LTD (company) — Filer
• 20-F (document) — Form Type
• 2024-04-26 (date) — Filing Date
• 2023-12-31 (date) — Conformed Period of Report
• 0001015647 (company) — Central Index Key
• Vancouver (location) — Business Address City
• Puebla Holdings Inc (company) — Subsidiary/Entity
• Tuligtic Project (project) — Project Mentioned

FAQ

Industry Context

Almaden Minerals Ltd. operates in the metal mining industry, a sector characterized by exploration, development, and extraction of mineral resources.

Regulatory Implications

As a foreign private issuer, Almaden Minerals Ltd. is subject to SEC regulations, including the requirement to file annual reports on Form 20-F.

What Investors Should Do

1. Analyze the financial statements for the fiscal years 2021, 2022, and 2023.
2. Review any disclosures related to the Tuligtic Project and other mentioned entities.
3. Understand the company's operational status and any forward-looking statements provided in the report.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 20-F filing.
• 2024-04-26: Filing Date — Date the 20-F report was officially submitted to the SEC.

Year-Over-Year Comparison

This filing is the annual 20-F report for the fiscal year 2023, providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $1.07 billion — which (i) annual gross revenue exceeds $1.07 billion or (ii) the Company issues more than $1
• $1.0 billion — on or (ii) the Company issues more than $1.0 billion in non-convertible debt in a three-year

Filing Documents

• f20f_042624.htm (20-F) — 2549KB
• exh_1.htm (EX-1) — 1KB
• exh_8.htm (EX-8) — 1KB
• exh_121.htm (EX-12.1) — 7KB
• exh_122.htm (EX-12.2) — 7KB
• exh_131.htm (EX-13.1) — 3KB
• exh_132.htm (EX-13.2) — 3KB
• fig1.jpg (GRAPHIC) — 96KB
• fig2.jpg (GRAPHIC) — 93KB
• dc_hdr.jpg (GRAPHIC) — 10KB
• dc_ftr.jpg (GRAPHIC) — 9KB
• exh_1.jpg (GRAPHIC) — 192KB
• orgchart.jpg (GRAPHIC) — 36KB
• 0001171843-24-002288.txt (&nbsp;) — 10996KB
• aau-20231231.xsd (EX-101.SCH) — 89KB
• aau-20231231_cal.xml (EX-101.CAL) — 67KB
• aau-20231231_def.xml (EX-101.DEF) — 216KB
• aau-20231231_lab.xml (EX-101.LAB) — 379KB
• aau-20231231_pre.xml (EX-101.PRE) — 336KB
• f20f_042624_htm.xml (XML) — 2397KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No Under the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"), Almaden is classified as an "Emerging Growth Company". The Company will continue to be deemed an emerging growth company until the earliest on the last day of our fiscal year during which (i) annual gross revenue exceeds $1.07 billion or (ii) the Company issues more than $1.0 billion in non-convertible debt in a three-year period. Almaden will lose its status as an emerging growth company on the last day of its fiscal year following the fifth anniversary of the date of the first sale of common equity securities pursuant to an effective registration statement. The Company will also lose its status as an emerging growth company if at any time it is deemed to be a large accelerated filer. As an emerging growth company, Almaden is exempt from Section 404(b) of the Sarbanes-Oxley Act of 2002, as amended (the "Sarbanes-Oxley Act"), which requires a public company's auditor to attest to, and report on, management's assessment of its internal controls. The Company is also exempt from Sections 14A(a) and (b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which require companies to hold shareholder advisory votes on executive compensation and golden parachute compensation. Almaden has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2) of the Jobs Act, that allows the Company to delay the adoption o

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 92 Item 12

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 92 PART II Item 13 Defaults, Dividend Arrearages and Delinquencies 92 Item 14 Material Modifications to the Rights of Securities Holders 92 Item 15

Controls and Procedures

Controls and Procedures 92 Item 16 Reserved 93 Item 16A Audit Committee Financial Expert 93 Item 16B Code of Ethics 93 Item 16C Principal Accountant Fees and Services 94 Item 16D Exemptions from the Listing Standards for Audit Committees 94 Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers 94 Item 16F Change in Registrant's Certifying Accountant 94 Item 16G Corporate Governance 94 Item 16H Mine Safety Disclosure 94 Item 16I Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 95 Item 16J Insider Trading Policies 95 Item 16K Cybersecurity 95 PART III Item 17

Financial Statements

Financial Statements 95 Item 18

Financial Statements

Financial Statements 95 Item 19 Exhibits 95 Signature 98 4 Glossary of Geologic and Mining Terms Adularia: A colourless, moderate to low-temperature variety of orthoclase feldspar typically with a relatively high barium content. It is a prominent constituent of low sulphidation epithermal veins. Alkalic Intrusive: An igneous rock emplaced below ground level in which the feldspar is dominantly sodic and or potassic. Alkalinity: The chemical nature of solutions characterized by a high concentration of hydroxyl ions. Alteration: Usually referring to chemical reactions in a rock mass resulting from the passage of hydrothermal fluids. Andesite : A dark-coloured, fine-grained extrusive rock that, when porphyritic, contains phenocrysts composed primarily of zoned sodic plagioclase (esp. andesine) and one or more of the mafic minerals (eg. Biotite, horn-blende, pyroxene), with a ground-mass composed generally of the same minerals as the phenocrysts; the extrusive equivalent of diorite . Andesite grades into latite with increasing alkali feldspar content, and into dacite with more alkali feldspar and quartz. It was named by Buch in 1826 from the Andes Mountains, South America. Anomalous: A geological feature, often subsurface, distinguished by geological, geochemical or geophysical means, which is detectably different than the general surroundings and is often of potential economic value. Anomaly: Any concentration of metal noticeably above or below the average background concentration. Argillic : A form of alteration characterized by the alteration of original minerals to clays. Arsenopyrite : A sulphide of arsenic and iron with the chemical composition FeAsS. Assay: An analysis to determine the presence, absence or quantity of one or more components. Axis: An imaginary hinge line about which the fold limbs are bent. The axis of a fold can be at the top or bottom of the fold, can be tilted or horizontal. Batholith: An intrusion, usually granit

View Full Filing

View this 20-F filing on SEC EDGAR