OTC: AUMN
Golden Minerals CoCIK 0001011509 · SIC 1040 · Gold Mining
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Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Costs and expenses: | ||||
| Exploration expense | (27) | (81) | (86) | (152) |
| Administrative expense | (345) | (748) | (834) | (1,463) |
| Stock-based compensation | (72) | (99) | (145) | (173) |
| Other operating income (expense), net | — | (5) | — | (5) |
| Total costs and expenses | (444) | (933) | (1,065) | (1,793) |
| Loss from operations | (444) | (933) | (1,065) | (1,793) |
| Other income (expense): | ||||
| Interest and other income (expense), net | 6 | 52 | 11 | 78 |
| Gain (loss) on foreign currency transactions | (8) | (42) | (8) | (42) |
| Total other income (expense) | (2) | 10 | 3 | 36 |
| Loss from operations before income taxes and discontinued operations | (446) | (923) | (1,062) | (1,757) |
| Income taxes (Note 9) | — | — | — | — |
| Loss from continuing operations | (446) | (923) | (1,062) | (1,757) |
| Income (loss) from discontinued operations, net of taxes (Note 3) | 1,128 | 83 | 1,142 | (319) |
| Net income (loss) | 682 | (840) | 80 | (2,076) |
| Net income (loss) per common share - basic | ||||
| Continuing operations | (0.03) | (0.06) | (0.07) | (0.12) |
| Discontinued operations | 0.07 | 0.00 | 0.07 | (0.02) |
| Net income (loss) per common share basic | 0.04 | (0.06) | 0.00 | (0.14) |
| Weighted-average shares outstanding basic ⁽¹⁾ | 16,788,213 | 15,053,048 | 15,925,424 | 15,052,713 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share data)
| Description | June 30, 2026 (unaudited) | December 31, 2025 (audited) |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 2,454 | 1,339 |
| Restricted cash | — | 495 |
| Prepaid expenses and other assets (Note 5) | 177 | 107 |
| Total current assets | 2,631 | 1,941 |
| Property, plant and equipment, net (Note 6) | 22 | 22 |
| Investments | 265 | 265 |
| Total assets | 2,918 | 2,228 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable and other accrued liabilities (Note 5 & 7) | 1,026 | 1,364 |
| Total current liabilities | 1,026 | 1,364 |
| Total liabilities | 1,026 | 1,364 |
| Commitments and contingencies (Note 11) | ||
| Equity (Note 10) | ||
| Common stock, $.01 par value, 100,000,000 shares authorized; 18,893,048 and 15,053,048 shares issued and outstanding, respectively | 188 | 150 |
| Additional paid-in capital | 553,759 | 552,849 |
| Accumulated deficit | (552,055) | (552,135) |
| Shareholders’ equity | 1,892 | 864 |
| Total liabilities and equity | 2,918 | 2,228 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows provided by (used in) operating activities: | ||
| Net income (loss) | 80 | (2,076) |
| (Income) loss from discontinued operations | (1,142) | 319 |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 145 | 173 |
| Gain on sale of assets | — | (600) |
| Changes in operating assets and liabilities: | ||
| Value added tax receivable, net | — | 314 |
| Prepaid expenses and other assets | (70) | 148 |
| Right-of-use assets | — | 9 |
| Accounts payable and other accrued liabilities | (436) | (468) |
| Other current liabilities | — | (42) |
| Net cash provided by (used in) operating activities continuing operations | (1,423) | (2,223) |
| Net cash provided by operating activities discontinued operations | (5) | (199) |
| Net cash provided by (used in) operating activities | (1,428) | (2,422) |
| Cash flows provided by (used in) investing activities: | ||
| Net cash provided by (used in) investing activities continuing operations | — | — |
| Net cash provided by (used in) investing activities discontinued operations | 1,200 | 1,748 |
| Net cash provided by (used in) investing activities | 1,200 | 1,748 |
| Cash flows provided by (used in) financing activities: | ||
| Net cash provided by (used in) financing activities continuing operations | 848 | — |
| Net cash provided by (used in) financing activities discontinued operations | — | — |
| Net cash provided by (used in) financing activities | 848 | — |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 620 | (674) |
| Cash, cash equivalents, and restricted cash, beginning of period | 1,834 | 3,175 |
| Cash, cash equivalents, and restricted cash, end of period | 2,454 | 2,501 |
| Reconciliation of cash, cash equivalents, and restricted cash to the balance sheet: | ||
| Cash and cash equivalents, end of period | 2,454 | 2,501 |
| Restricted cash, end of period | — | — |
| Total cash, cash equivalents, and restricted cash, end of period | 2,454 | 2,501 |
| Cash and cash equivalents, beginning of period | 1,339 | 3,175 |
| Restricted cash, beginning of period | 495 | — |
| Total cash, cash equivalents, and restricted cash, beginning of period | 1,834 | 3,175 |
| Supplemental disclosure: | ||
| Cash paid for income taxes | — | — |
| Cash paid for interest | 3 | — |
| Insurance premiums financed (non-cash) | 152 | — |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands, except share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗