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BALCAO · GOLD AND SILVER ORES · SMALL CAP

Golden Minerals Co. AUMN

15 fiscal years on record · USD · FY2024 reported · SEC filings only
$-7.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are an exploration company holding majority control in the Desierto and Sarita Este concessions, adjoining gold-silver-copper exploration projects located in northwest Salta Province Argentina (the “Sarita Este/Desierto project”); a 60% interest in Sand Canyon, an exploration stage, gold-silver project in northwestern Nevada; and other immaterial mineral exploration properties located primarily in or near historical precious metals producing regions in Argentina and Mexico. We are primarily focused on advancing exploration activities at the Sarita Este/Desierto project and the Sand Canyon project, as further described below under “Description of Properties — Sarita Este” and “—Desierto” We were incorporated in Delaware under the Delaware General Corporation Law in March 2009. As of March 31, 2026 we have three full-time employees in the United States.

Written from the business description in Golden Minerals Company's annual report to the U.S. Securities and Exchange Commission, filed 1 April 2026. Every sentence was checked against that document before publication.

Growth

·
Revenue, FY2024 · full 15-year series below
Revenue $M Net income $M
FY2023 · Revenue 12.0 · Net income -9.2
10M20M-10M-20M
201020132016201920222024
Compound annual growth
+28.6%
+10.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.7% a year over the five years to FY2023.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2023 · Operating -51.6% · Net -76.9%
-5000%
201020172024
ROE
FY2023 · ROE -159.2%
-50%-100%-150%
201020172024
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -87%.

Cash & shareholders

·
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF -9.7
-30M-60M
201020172024
Net buybacks $M Dividends $M
FY2011 · Dividends · · Net buybacks -28.8
-100M-200M
20102011

Total assetsUSD 4.8M
EquityUSD -2.1M
CashUSD 3.2M
Current ratio1.06×

Equity funds -44% of total assets.

The 15-year record

15 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
AUMN, 15-year financial record
Metric 202420232022202120202019201820172016201520142013201220112010
Revenue $B◌0.00.00.00.00.00.00.00.00.00.0◌◌◌◌
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.3−0.1−0.1−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.3−0.1−0.1−0.0
Income tax $B◌0.00.00.00.00.00.00.0◌◌◌−0.0−0.0−0.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.2−0.1−0.1−0.0
Free cash flow $B◌◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.0
EPS, diluted $◌◌◌−0.01−0.07◌◌◌◌◌−0.41−5.61−2.45−2.94−3.72
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————————————
ROE %—−159.2−96.3−16.1−103.4−82.3−25.0−47.3−132.1−125.3−47.5−144.9−29.5−26.7−25.2
Shares out B0.020.010.170.160.160.110.100.090.090.050.050.040.040.040.02

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 61 reconciliationsAUDITED

Reconciled in 14 of the 15 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Seven checks were skipped: revenue is not tagged before 2014. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivityGold and Silver Ores
Listed onOTC market
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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