Golden Minerals Reports Q3 2025 Financial Results

Golden Minerals Company has disclosed its financial outcomes for Q3 2025, highlighting a net loss reduction to $2.4 million from $3.8 million the previous year. Exploration expenses decreased to $0.3 million, while administrative expenses also saw a decline from $3.0 million to $1.9 million. The cash and equivalents balance stood at $1.7 million, down from $3.2 million at the end of 2024, with no outstanding debt reported.

The company successfully completed the sale of its Velardeña Properties for $3.0 million plus VAT, which finalizes their divestment from these operations. In exploration, Golden Minerals continues its work on the Desierto Project in Argentina and the Sand Canyon Project in Nevada, with plans for a Phase I drill program in Desierto.

The company faces liquidity challenges, with cash resources projected to last until mid-2026. It is exploring options to generate cash flow, including asset sales or external financing, to sustain operations beyond this period.