- Golden Minerals press release ( NYSE: AUMN ): Q3 GAAP EPS of -$0.02.
- Revenue of $5.3M (-37.6% Y/Y) misses by $0.06M .
- The company ended the third quarter of 2022 with a cash balance of $6.5 million and anticipates receiving approximately $5.5 to $6.5 million in net operating margin rom the Rodeo operation during the 12 months ending September 30, 2023, assuming average gold and silver prices during that period of $1,800/oz and $25.00/oz, respectively.
- At average gold and silver prices of $1,700/oz and $20.00/oz, respectively, our expected net operating margin for the 12 months ending September 30, 2023 would decrease by approximately $1.5 million.
- The Company also anticipates receiving $1.75 million from Fabled Silver Gold Corp. related to the sale of the Company’s Santa Maria property during the 12-month period.
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Currently forecasted expenditures during the 12 months ending September 30, 2023, apart from Rodeo costs of metals sold which are included in the net operating margin forecast, total approximately $9.6 million
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Golden Minerals GAAP EPS of -$0.02, revenue of $5.3M misses by $0.06M