GOLDEN, Colo., April 29, 2016 /PRNewswire/ — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE MKT: AUMN and TSX: AUM) announces results for the first quarter ended March 31, 2016.
First Quarter Summary
- Revenue of (US)$1.5 million in the first quarter 2016 compared to $2.3 million in the first quarter 2015
- Loss from operations of $2.3 million compared to a loss of $5.0 million in the first quarter 2015
- Net loss of $6.3 million in the first quarter 2016, including $3.9 million of noncash expenses related to the Company’s warrants and convertible loan, compared to a net loss of $3.4 million in the first quarter 2015 that included $0.7 million in noncash income related to the Company’s warrants
- Cash and equivalents balance of $2.1 million as of March 31, 2016