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Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE American: AUMN) (TSX: AUMN) today provided a business summary and financial results for the third quarter ended September 30, 2017. As quoted in the press release: Third Quarter Financial Results Cash and cash equivalents balance of $5.0 million as of September 30, 2017 compared to $2.6 …
Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE American: AUMN) (TSX: AUMN) today provided a business summary and financial results for the third quarter ended September 30, 2017.
As quoted in the press release:
Third Quarter Financial Results
Cash and cash equivalents balance of $5.0 million as of September 30, 2017 compared to $2.6 million as of December 31, 2016
Revenue of $1.8 million and positive net operating margin (oxide plant lease revenue less lease costs) of $1.2 million related to the lease of the Company’s oxide plant in the third quarter 2017, compared to revenue of $1.7 million and positive net operating margin of $1.2 million related to the oxide plant lease in the third quarter 2016
Net loss of $0.3 million in the third quarter 2017 compared to a net loss of $0.8 million in the third quarter 2016
Loss from operations of $0.3 million in the third quarter 2017 compared to a loss from operations of $0.2 million in the third quarter 2016
Debt balance of zero as of September 30, 2017
Click here for the full text release
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