Golden Minerals Reports First Quarter 2016 Results

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/975-nysemkt/aumn/19117-golden-minerals-reports-first-quarter-2016-results.html

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

 

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