Golden Minerals Co. has received notification from the NYSE American LLC that the Exchange determined to commence proceedings to suspend and delist the company’s common stock.
The delisting is due to the Golden-based company’s non-compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide, which require the company to report stockholders’ equity of $6 million or more if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years, as previously reported.
Golden Minerals anticipates that its common stock will begin trading on the OTC Pink Market under the symbol “AUMN” at the open of business on Dec. 16, 2024. Shareholders do not need to take any action in connection with this transition.
The stock will continue to be traded first on the NYSE American and immediately thereafter on the OTC Pink Market, allowing investors to trade shares through their existing brokerage accounts.
The company is in the process of applying for quotation of its common stock on the OTCQB Venture Market. This transition will have no effect on the company’s business or operations or its listing on the Toronto Stock Exchange, where it trades under ticker symbol “AUMN.”
Golden Minerals stated it expects to continue to maintain compliance with the reporting requirements of the Securities Act of 1934, as Amended, including the filing of periodic reports with the SEC under applicable federal securities laws.
