# Golden Minerals Company (AUMN) · Edgar & Edgarette company card

> Golden Minerals Company (AUMN) saw revenue fall 48.5% in FY2023 to $12 million, operating margin -51.6% against a -0.9% median for gold and silver ores, equity 34.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1011509 · fiscal year ended 2023-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/AUMN) · [JSON](https://www.pops4.com/boards/company/AUMN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $12M |
| Revenue growth, 1 year | -48.5% |
| Revenue growth per year | 11.6% |
| Operating margin | -51.6% (prior year -43.6%) |
| Net margin | -76.9% |
| Operating cash flow | −$10M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $4M |
| Long-term debt | — |
| Total assets | $15M |
| Total equity | $5M |
| Equity ÷ assets | 34.3% |
| Return on equity | -180.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -120.54 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative (-$7.7M in FY2024); revenue is hard to predict: its 80% range is ±54%

## Edgarette's reading

Exposure: revenue $12.0M (FY2023). Experience: revenue down 48.5% on the year, up 11.6% a year over 4 years; operating margin -51.6%, down from -43.6%. Soundness: equity 34.3% of assets, return on equity -180.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $5.8M and $19.3M next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $5.4M to $21.0M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, its industry group): operating margin -51.6% against a -0.9% median; growth -48.5% against 19.4%.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-04-01 ([filing](https://www.sec.gov/Archives/edgar/data/1011509/000117625626000038/0001176256-26-000038-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-10-02 ([filing](https://www.sec.gov/Archives/edgar/data/1011509/000110465926113262/0001104659-26-113262-index.htm))

## Recent filings

- 8-K · filed 2026-10-02 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1011509/000110465926113262/0001104659-26-113262-index.htm)
- 8-K · filed 2026-09-10 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1011509/000110465926106690/0001104659-26-106690-index.htm)
- 10-Q · filed 2026-07-28 · [filing](https://www.sec.gov/Archives/edgar/data/1011509/000117625626000087/0001176256-26-000087-index.htm)
- 8-K · filed 2026-07-10 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1011509/000110465926082613/0001104659-26-082613-index.htm)
- 8-K · filed 2026-05-20 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1011509/000110465926064509/0001104659-26-064509-index.htm)
- 10-Q · filed 2026-05-15 · [filing](https://www.sec.gov/Archives/edgar/data/1011509/000117625626000064/0001176256-26-000064-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001011509.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1011509

## Cite

POPS4, Edgar & Edgarette: Golden Minerals Company (AUMN) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/AUMN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Its latest audited year is FY2024, which reports no revenue; the revenue figures and the range here are from FY2023, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.