Golden Minerals announces NYSE acceptance of business plan

Golden Minerals announced that the NYSE American has accepted the Company’s business plan to regain compliance with the continued listing standards set forth in Section 1003 of the NYSE American Company Guide. As previously disclosed, on June 6 the Company received written notice from the NYSE that the Company was not in compliance with Section 1003 which requires a listed company to have stockholders’ equity of at least $6M when such issuer has sustained losses from continuing operations and/or net losses in its five most recent fiscal years. The Company reported stockholders’ equity of $4.1M as of March 31 and $5.6M as of June 30. On August 22 the NYSE accepted the Company’s plan to regain compliance and has granted to the Company a cure period of up to 18 months from the original notice of non-compliance, or until December 6, 2024.