06:30 AM EDT, 05/21/2025 (MT Newswires) -- Golden Minerals ( AUMN ) late on Tuesday said it expects its cash resources to be exhausted in the first quarter of 2026 and that unless funds are found, the company will be forced to liquidate or seek a buyer.

Golden Minerals' ( AUMN ) only near-term opportunity to generate cash flow is from the sale of assets, equity or other external financing, the company said. It is evaluating alternatives, including a potential sale of the company, finalizing the sale of its assets at the Velardena properties and is seeking buyers or partners for its other assets.

The company reported a narrowing of its net loss to US$1.2 million, or US$0.08 per share, compared with a loss of US$4.6 million, or US$0.32 per share, in the same period last year.

Exploration expenses held steady at US$0.1 million. The company has zero debt.