Golden Minerals(US:AUMN)2026-04-02 21:01Financial Performance - Golden Minerals reported a net income of $2.7 million, or $0.18 per basic share, in 2025, compared to a net loss of $7.6 million, or $0.52 per share, in 2024[10]. - Income from discontinued operations was $6.1 million in 2025, reflecting a gain of $7.3 million on cash received from sales and liabilities extinguished[10]. Cash and Liabilities - Cash and cash equivalents decreased to $1.3 million as of December 31, 2025, down from $3.2 million at the end of 2024[10]. - Total current liabilities were reduced to $1.4 million as of December 31, 2025, compared to $3.6 million at the end of 2024[10]. - The company has no debt as of December 31, 2025, unchanged from the previous year[10]. Expenses and Expenditures - Exploration expenses increased to $0.9 million in 2025 from $0.6 million in 2024, while administrative expenses decreased to $2.3 million from $3.6 million[4]. - Golden Minerals anticipates expenditures of approximately $2.3 million for the twelve months ending December 31, 2026, primarily for administrative expenses and limited exploration activities[5]. Strategic Options - The company completed the sale of its subsidiary for $0.6 million and additional subsidiaries for $65,000 to reduce liabilities in Mexico[4]. - The company is exploring options for additional cash flow, including the potential sale of assets or seeking external financing[7]. - Golden Minerals expects its cash resources to be exhausted by the second quarter of 2026 without additional cash inflows[11].