Golden Minerals Co. Files Q3 2024 10-Q
Ticker: AUMN · Form: 10-Q · Filed: Nov 19, 2024 · CIK: 1011509
| Field | Detail |
|---|---|
| Company | Golden Minerals CO (AUMN) |
| Form Type | 10-Q |
| Filed Date | Nov 19, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, mining, financials
TL;DR
Golden Minerals Q3 10-Q filed. Equity changes detailed.
AI Summary
Golden Minerals Co. filed its 10-Q for the period ending September 30, 2024. The company, previously known as Apex Silver Mines Ltd., is involved in gold and silver ores. Key financial data points and changes in equity accounts like Additional Paid-In Capital and Retained Earnings are detailed within the filing.
Why It Matters
This filing provides investors with an update on Golden Minerals Co.'s financial performance and position as of the third quarter of 2024, crucial for understanding the company's operational status and future outlook.
Risk Assessment
Risk Level: medium — As a mining company, Golden Minerals Co. is subject to inherent risks related to commodity prices, exploration, and operational challenges.
Key Numbers
- 0.04 — EPS (Earnings per share for the period ending 12-31-2024)
Key Players & Entities
- Golden Minerals Co. (company) — Filer
- Apex Silver Mines Ltd. (company) — Former company name
- 20240930 (date) — Reporting period end date
- 20241119 (date) — Filing date
- GOLD & SILVER ORES [1040] (industry) — Standard Industrial Classification
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the filing covers the period ending September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20241119.
What was Golden Minerals Co. previously named?
Golden Minerals Co. was formerly known as APEX SILVER MINES LTD.
What is the Standard Industrial Classification for Golden Minerals Co.?
The SIC code is GOLD & SILVER ORES [1040].
What are some of the key equity accounts mentioned in relation to the reporting period?
The filing references changes in us-gaap:AdditionalPaidInCapitalMember and us-gaap:RetainedEarningsMember for various periods within 2023 and 2024.
Filing Stats: 4,777 words · 19 min read · ~16 pages · Grade level 15.9 · Accepted 2024-11-19 17:16:44
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value AUMN NYSE American Indi
Filing Documents
- aumn-20240930x10q.htm (10-Q) — 1582KB
- aumn-20240930xex10d1.htm (EX-10.1) — 55KB
- aumn-20240930xex10d2.htm (EX-10.2) — 520KB
- aumn-20240930xex10d3.htm (EX-10.3) — 33KB
- aumn-20240930xex31d1.htm (EX-31.1) — 11KB
- aumn-20240930xex31d2.htm (EX-31.2) — 10KB
- aumn-20240930xex32.htm (EX-32) — 12KB
- aumn-20240930xex10d2001.jpg (GRAPHIC) — 90KB
- aumn-20240930xex10d2002.jpg (GRAPHIC) — 110KB
- 0001558370-24-015859.txt ( ) — 8865KB
- aumn-20240930.xsd (EX-101.SCH) — 53KB
- aumn-20240930_cal.xml (EX-101.CAL) — 62KB
- aumn-20240930_def.xml (EX-101.DEF) — 195KB
- aumn-20240930_lab.xml (EX-101.LAB) — 447KB
- aumn-20240930_pre.xml (EX-101.PRE) — 333KB
- aumn-20240930x10q_htm.xml (XML) — 1626KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION ITEM 1.
FINANCIAL STATEMENTS (Unaudited)
FINANCIAL STATEMENTS (Unaudited) 3 ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 21 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 29 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 29
– OTHER INFORMATION
PART II – OTHER INFORMATION ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 30 ITEM 1A.
RISK FACTORS
RISK FACTORS 30 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 31 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 31 ITEM 4. MINE SAFETY DISCLOSURES 31 ITEM 5. OTHER INFORMATION . 31 ITEM 6. EXHIBITS 31
SIGNATURES
SIGNATURES 33 2 Table of Contents
FINANCIAL INFORMATIO N
PART I. FINANCIAL INFORMATIO N Item 1. Financial Statement s GOLDEN MINERALS COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Expressed in United States dollars) (Unaudited) September 30, December 31, 2024 2023 (in thousands, except share data) Assets Current assets Cash and cash equivalents (Note 5) $ 1,777 $ 3,766 Short-term investments — 11 Accounts receivable 7 51 Value added tax receivable, net (Note 7) 239 3,135 Prepaid expenses and other assets (Note 6) 504 921 Current assets held for sale (Note 3) — 830 Total current assets 2,527 8,714 Property, plant and equipment, net (Note 8) 387 443 Investments 265 265 Right-of-use assets 35 110 Assets held for sale (Note 3) 2,889 5,378 Total assets $ 6,103 $ 14,910 Liabilities and equity (deficit) Current liabilities Accounts payable and other accrued liabilities (Note 9) $ 3,272 $ 4,899 Other current liabilities (Note 11) 251 774 Current liabilities held for sale (Note 3) 1,016 — Total current liabilities 4,539 5,673 Asset retirement and reclamation liabilities (Note 10) 305 296 Other long-term liabilities (Note 11) — 28 Liabilities held for sale (Note 3) 2,941 3,800 Total liabilities 7,785 9,797 Commitments and contingencies (Note 16) Equity (deficit) (Note 14) Common stock, $ .01 par value, 100,000,000 shares authorized; 15,053,048 and 14,084,680 shares issued and outstanding, respectively (1) 150 141 Additional paid-in capital 552,469 552,160 Accumulated deficit ( 554,301 ) ( 547,188 ) Shareholders' equity (deficit) ( 1,682 ) 5,113 Total liabilities and equity (deficit) $ 6,103 $ 14,910 (1) Reflects the one-for- 25 reverse stock split that became effective June 9, 2023. Refer to Note 1, Basis of Preparation of Financial Statements and Nature of Operations . The accompanying notes form an integral part of these interim condensed consolidated financial statements