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Golden Minerals Reports Full Year 2020 Results
Golden Minerals CompanyFebruary 18, 2021 GMT
GOLDEN, Colo., Feb. 18, 2021 (GLOBE NEWSWIRE) Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE American and TSX: AUMN) has today announced financial results and a business summary for the full fiscal year ending December 31, 2020. All figures are in approximate U.S. dollars.
Financial Highlights
$9.7 million cash and equivalents balance as of December 31, 2020, compared to $4.6 million on December 31, 2019.
$5.6 million revenue for 2020, compared to $7.7 million in (full year) 2019 related to the lease of the Company’s oxide plant at the Velardeña Properties to Hecla Mining Company (“Hecla”), through the lease’s termination on November 30, 2020.