Golden Minerals Co
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
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Consolidated Statements of Operations
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended | ||||||
| · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| | | (in thousands, except per share data) | ||||
| Costs and expenses: | | | | | | |
| Exploration expense | | | (568) | | | (1,143) |
| Administrative expense | | | (3,580) | | | (4,659) |
| Stock-based compensation | | | (404) | | | (405) |
| Other operating income, net | | | — | | | 19 |
| Depreciation expense | | | (1) | | | (2) |
| Total costs and expenses | | (4,553) | | (6,190) | ||
| Loss from operations | | (4,553) | | (6,190) | ||
| Other income (expense): | | | | | | |
| Interest and other income, net | | | 75 | | | 32 |
| Gain (loss) on foreign currency transactions | | | (83) | | | 121 |
| Total other income (expense) | | | (8) | | | 153 |
| Loss from operations before income taxes and discontinued operations | | (4,561) | | | (6,037) | |
| Income taxes (Note 13) | | | — | | | — |
| Loss from continuing operations | | | (4,561) | | | (6,037) |
| Loss from discontinued operations, net of taxes (Note 4) | | | (3,039) | | | (3,191) |
| Net loss | | $(7,600) | | $(9,228) | ||
| | | | | | | |
| Net loss per common share - basic (1) | | | | | | |
| Continuing operations | | $(0.31) | | $(0.71) | ||
| Discontinued operations | | | (0.21) | | | (0.37) |
| Net loss per common share - basic (1) | | $(0.52) | | $(1.08) | ||
| | | | | | | |
| Weighted-average shares outstanding - basic (2) | | | 14,721,036 | | | 8,539,811 |
(2) Potentially dilutive shares have not been included for loss periods because to do so would be anti-dilutive. Potentially dilutive shares at December 31, 2024, consist of 1,070,079 equivalent shares related to stock compensation and 10,819,742 equivalent shares related to warrants outstanding. Potentially dilutive shares at December 31, 2023, consist of 400,409 equivalent shares related to stock compensation and 11,308,314 equivalent shares related to warrants outstanding. See Note 14 for a discussion of stock-based compensation and warrants.
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