Past year: ▼ 33%(19.0c – 37.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
20 May 2026capital raising announcement▲ GoodMajor
Agreed to sell 3,740,000 shares to Streamline Metals Capital Ltd., a private mining investor, for about $856,000 at $0.229/share -- new outside capital found after NYSE American's December 2024 delisting proceedings pushed the stock to the OTC Pink Market; the deal also requires Toronto Stock Exchange approval.
29 June 2023capital raising announcement▲ Good
Golden Minerals sold 790,000 shares at $1.45 and pre-funded warrants for 637,587 shares in a registered direct offering, raising about $2.1 million gross. It also issued private warrants for 1,427,587 shares at $1.90.
23 Apr 2020capital raising announcement▼ BadMajor
Raised $3.0 million in a registered direct offering (15,000,000 shares) plus warrants at $0.20 per share -- pricing near the company's historic lows, with investors also getting rights to participate in up to 50% of any offering over the next year.
What it means for a shareholder
15.0m new shares at about US$0.200 to raise about US$3.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held US$1,000 of shares (5,000 at the issue price), your slice goes from 0.00461% to 0.00405% of the company. To keep it you'd need 692 more shares - about US$138 at the issue price.
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13 Apr 2020capital raising announcement▲ GoodMajor
Granted Barrick Gold Corporation an earn-in option on the El Quevar silver project (Salta, Argentina): Barrick could earn a 70% interest by spending $10 million on exploration over eight years and delivering a pre-feasibility study -- a major-miner endorsement of the project (an option Barrick would later drop in April 2024). Separately, restructured repayment of a $1.5 million deposit owed to Compania Minera Autlan after an earlier 2019 asset-sale agreement with Autlan fell through, with the unpaid balance now accruing 12% interest.
19 July 2019capital raising announcement▼ BadMajor
Raised $2.25 million selling 8,653,846 shares at $0.26 through H.C. Wainwright, with matching Series A warrants at $0.35. The same investors' May 2016 warrants, which still had until November 2021 to run at $0.75, were swapped one-for-one for 4.5 million new warrants at $0.35 - a repricing rather than a rescue of expiring paper, and further dilution on top of the placement.
What it means for a shareholder
8.7m new shares at US$0.260 to raise about US$2.3m. That's 8.1% dilution: every existing holder's slice gets 8.1% smaller. If you held US$1,000 of shares (3,846 at the issue price), your slice goes from 0.00392% to 0.0036% of the company. To keep it you'd need 339 more shares - about US$88 at the issue price.
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9 May 2018capital raising announcement▼ Bad
Sold 3,153,808 shares to Lincoln Park Capital for just $1.3 million ($0.4122/share) under its equity line -- another small, dilutive raise reflecting continued financial distress.
3 Aug 2017capital raising announcement▲ GoodMajor
Granted lessee Hecla Mining Company an option to extend its Velardeña oxide-plant lease by up to two more years (through end-2020) in exchange for a $1.0 million upfront cash payment plus a further $1.0 million purchase, extending a cash-generating relationship that had let Golden Minerals monetize idle processing capacity.
14 June 2016capital raising announcement● Neutral
Sentient converted the remaining roughly $1.2 million balance of its 2015 secured note into 4,011,740 shares at $0.29, fully retiring the note.
6 May 2016capital raising announcement▼ BadMajor
Raised $4.0 million in a registered direct offering plus warrants at $0.50 per share -- still deep in penny-stock territory.
18 Feb 2016capital raising announcement▼ BadMajor
Sentient converted about $4.0 million of principal and interest on its 2015 $5 million secured note into 23,355,000 shares at roughly $0.17 -- steep dilution at a distressed share price.
10 Sept 2014capital raising announcement▼ BadMajor
Raised about $3.2 million in a Roth Capital-led unit offering at just $0.86 per unit -- a steep drop from 2012 pricing, reflecting the deepening silver bear market and the company's worsening finances.
19 Sept 2012capital raising announcement▼ BadMajor
Raised about $31.6 million in a Wells Fargo-led unit offering (5,497,504 shares plus half-warrants) at $5.75 per unit -- well below the $18.50 pricing of 2010, as silver prices retreated from their 2011 peak.
What it means for a shareholder
5.5m new shares at about US$5.75 to raise about US$31.6m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held US$1,000 of shares (174 at the issue price), your slice goes from 0.000487% to 0.000422% of the company. To keep it you'd need 27 more shares - about US$155 at the issue price.
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11 Oct 2011capital raising announcement▲ GoodMajor
Sold 4,118,150 shares to Sentient funds at $7.44 per share in a private placement, raising about $30.6 million. Sentient's stake rose from about 9.4% to about 19.9%.
What it means for a shareholder
4.1m new shares at US$7.44 to raise about US$30.6m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held US$1,000 of shares (134 at the issue price), your slice goes from 0.000426% to 0.000377% of the company. To keep it you'd need 18 more shares - about US$134 at the issue price.
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26 Oct 2010capital raising announcement▲ GoodMajor
Sold 1,190,031 shares to major shareholder Sentient Global Resources Fund at $18.50 for about $22 million, continuing to build Sentient's stake in the company.
12 Oct 2010capital raising announcement▲ GoodMajor
Raised roughly $75 million more in an underwritten public offering of 4,055,000 shares at $18.50 -- more than double the March 2010 price, as silver prices rallied.
What it means for a shareholder
4.1m new shares at US$18.50 to raise about US$75.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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24 Mar 2010capital raising announcement▲ GoodMajor
Raised roughly $31 million in an underwritten public offering of 4,000,000 shares at $8.50, led by Dahlman Rose, Canaccord and Rodman & Renshaw.
What it means for a shareholder
4.0m new shares at US$8.50 to raise about US$31.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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13 Jan 2010capital raising announcement▲ GoodMajor
Golden Minerals completed the purchase of Hochschild's 35% of Minera El Quevar on January 7, 2010, issuing 400,000 shares plus warrants for 300,000 more. Minera El Quevar controls about 10,000 of the project's 64,000 hectares. The same day it closed the Sentient private placement, selling 844,694 shares at C$7.06.
What it means for a shareholder
844,694 new shares at C$7.06 to raise about C$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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