Overview

• Precious metals explorer's Q1 net loss narrowed yr/yr as cost reductions continued

• Company completed sale of Mexican subsidiary after quarter end for $1.2 mln

• Subsequent to quarter end, the company entered private placement agreement to raise $856,000, pending TSX approval

Outlook

• Golden Minerals expects cash resources to fund operations into early 2027, including asset sale and private placement proceeds

• Company is evaluating alternatives including asset sales, seeking partners, or obtaining external financing to meet future needs

Result Drivers

• COST REDUCTION - Co said lower administrative and exploration expenses reflected ongoing cost-cutting efforts

• CASH PRESERVATION - Co focused on preserving cash resources and maintaining a reduced cost structure during the quarter

Company press release: ID:nACS6bDrca

Key Details

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