Golden Minerals Co (NYSE:AUMN), a Colorado-based mining company, is facing delisting from the NYSE American LLC exchange due to non-compliance with certain financial conditions. The company received a notification on Monday that the NYSE American had initiated proceedings to delist its common stock.
This action was taken as Golden Minerals failed to satisfy the Exchange's continued listing standards, specifically the requirement to maintain stockholders’ equity of at least $6.0 million after reporting losses in its five most recent fiscal years.
Despite the delisting from NYSE American, Golden Minerals will maintain its listing on the Toronto Stock Exchange under the same ticker symbol and expects to remain in compliance with the Securities and Exchange Act of 1934's reporting requirements. The company's periodic reports will be filed with the SEC and accessible on the SEC's website.
Golden Minerals' management has not provided any additional comments on the delisting or its future plans to regain compliance with the NYSE American listing standards. For investors seeking deeper insights into Golden Minerals' financial health and future prospects, InvestingPro offers additional analysis with 11 more ProTips and comprehensive financial metrics. This news is based on a recent press release statement and the company's filings with the Securities and Exchange Commission.
Golden Minerals' management has not provided any additional comments on the delisting or its future plans to regain compliance with the NYSE American listing standards. This news is based on a recent press release statement and the company's filings with the Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.