Golden Minerals receives noncompliance notice from NYSE
Golden Minerals announced that the company was notified by the NYSE that it was not in compliance with one of NYSE's continued listing standards as set forth in Part 10 of the NYSE American Company Guide. Specifically, the company is not in compliance with Section 1003 of the company guide since it reported stockholders' equity of less than $6M as of June 30 and losses from continuing operations and/or net losses in its five most recent fiscal years. In order to maintain its listing on the NYSE, the company was asked to submit a plan of compliance no later than September 18 advising how the company intends to regain compliance with Section 1003 by February 19, 2021. The company intends to prepare and submit its plan of compliance to the NYSE. The notification from the NYSE has no immediate effect on the company's common stock or its business operations. The company's common stock will continue to be listed on the NYSE subject to the company's compliance with other continued listing requirements.