Golden Minerals Q2 net income turns to USD 682,000 profit
AUMN•Discontinued operations and cash balance
Discontinued operations income climbed to USD 1.13 million from USD 83,000, driven by a USD 1.15 million gain on asset sales.
Cash and cash equivalents rose to USD 2.45 million at June 30, 2026 from USD 1.34 million at Dec. 31, 2025.
Management expects cash resources to fund operations into early to mid-2027, while noting substantial doubt about going concern over 12 months.
Second-quarter profit and operating loss improvement
Golden Minerals swung to net income of USD 682,000 in Q2 2026 from a net loss of USD 840,000 a year earlier.
Operating loss narrowed to USD 444,000 from USD 933,000, with administrative expense falling to USD 345,000 from USD 748,000.
