Golden minerals will need there payment soon Twelve-Month Financial Outlook
The Company ended the second quarter of 2022 with a cash balance of $9.5 million and anticipates receiving approximately $4.5 to $6.5 million in net operating margin (defined as revenue from the sale of metals less costs of metals sold) from the Rodeo operation during the 12 months ending June 30, 2023, assuming average gold and silver prices during that period of $1,800/oz and $25.00/oz, respectively. The Company also anticipates receiving $1.5 million of the remaining $2.0 million due from Fabled Silver Gold Corp. related to the sale of the Company’s Santa Maria property during the 12-month period.