Golden Minerals Company Reports Improved Net Loss of $840,000 in Q2 2025

Golden Minerals Company reported its financial results for the second quarter of 2025, revealing a net loss of $840,000, a significant improvement compared to a net loss of $2.75 million in the same period of 2024. For the first half of 2025, the company recorded a net loss of $2.08 million, down from $7.31 million in the prior year. The reduction in losses is attributed to a decrease in administrative expenses, which fell to $748,000 in Q2 2025 from $1.1 million in Q2 2024, reflecting ongoing cost-cutting measures. The company’s total revenue for the first half of 2025 was negligible, primarily due to the cessation of mining operations at its Velardeña and Rodeo properties.

In terms of financial position, Golden Minerals reported total assets of $3.67 million as of June 30, 2025, down from $4.82 million at the end of 2024. Current assets decreased to $2.72 million, including cash and cash equivalents of $2.5 million, compared to $3.18 million at the end of the previous year. The company’s total liabilities increased to $7.68 million, up from $6.92 million, largely due to current liabilities held for sale, which rose to $3.12 million from $1.97 million. The accumulated deficit also widened to $556.87 million from $554.79 million.

Strategically, Golden Minerals has focused on divesting non-core assets to improve liquidity. The company completed several asset sales, including the sale of its subsidiary Minera de Cordilleras for $600,000 and the Velardeña properties, which are currently under a sales agreement with a buyer who has made partial payments. The company is actively pursuing additional sales and financing options to address its liquidity challenges, as it anticipates that its cash resources may be exhausted by the first quarter of 2026 if no further cash inflows are realized.

Operationally, the company has ceased mining activities at its Velardeña and Rodeo properties, which has significantly impacted its revenue generation. The Velardeña properties are classified as held for sale, and the company is awaiting the completion of the sale of the oxide processing plant and water wells. The company’s exploration activities are now primarily focused on the Sarita Este and Desierto projects in Argentina, where it holds majority interests. The company plans to initiate a drilling program at these sites to further evaluate their potential.

Looking ahead, Golden Minerals faces significant challenges in securing the necessary funding to continue operations. The company is exploring various options, including potential asset sales and external financing, to ensure its viability. The management has indicated that the completion of the sales agreement for the Velardeña properties is critical for improving its financial position and sustaining operations in the near term.