Golden Minerals plans to use offering proceeds to advance Desierto project in Argentina
AUMN•Golden Minerals plans to use net proceeds from its C$5 million offering for Desierto exploration and other expenses through 2027. Initial drilling is underway, with results expected in the first quarter of 2027.
1. Offering proceeds
Golden Minerals plans to use net proceeds from its C$5 million offering to fund exploration at its Desierto project in Argentina. The proceeds will also support expenditures through 2027, including a July option payment for Desierto, liability reductions and working capital.
2. Drilling and listing review
Initial drilling at Desierto is underway, with results expected in the first quarter of 2027. A potential TSX Venture Exchange listing is under consideration following placement under a 120-day TSX delisting review. The TSX Continued Listing Committee will consider a trading suspension and delisting on March 3, 2027.
