Saturday, May 18 2013 11:42 PM EDT2013-05-19 03:42:57 GMT
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana. Deputies responded to a complaint at Jose Sanchez's house on Highway 129 North Friday. AuthoritiesMore >>
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana.
Saturday, May 18 2013 11:42 PM EDT2013-05-19 03:42:03 GMT
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff. It was the first annual pigs in the park event, put on by the Georgia Narcotics Officer'sMore >>
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff.More >>
Saturday, May 18 2013 9:47 PM EDT2013-05-19 01:47:12 GMT
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks. Police say they responded to the Dollar General on West Jackson Street around 9:15pm Friday. EmployeesMore >>
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks.
Saturday, May 18 2013 6:59 PM EDT2013-05-18 22:59:02 GMT
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. Authorities say it happened around 11pm Friday near the 3900 block of Radium Springs Road. PoliceMore >>
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. More >>
Saturday, May 18 2013 6:58 PM EDT2013-05-18 22:58:50 GMT
It's graduation time for high schools in Dougherty County and students are ready to embark on their next journey. 230 graduates received their high school diplomas from Westover Comprehensive High SchoolMore >>
230 graduates received their high school diplomas from Westover Comprehensive High School this Saturday morning.More >>
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SOURCE Golden Minerals Company
GOLDEN, Colo., March 1, 2013 /PRNewswire/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") announces 2012 year-end results.
For the period January 1, 2012 through December 31, 2012, Golden Minerals recorded revenue of $26.1 million and costs of metals sold of $33.4 million for a negative gross margin of $7.3 million from the sale of metals at the Velardena Operations in Mexico. For the same period the Company recorded a total net loss of $92.0 million, which includes the negative gross margin at the Velardena Operations and $58.5 million associated with a non-cash goodwill impairment charge, $57.2 million of which was recorded previously in the third quarter. The net loss also includes $7.9 million for project expenses and mine development costs related to the Velardena Operations, $10.0 million of non-cash depreciation and amortization-related expense, $7.1 million of corporate general and administrative expense, $7.0 million of exploration expense and $5.1 million of expense associated with the El Quevar project. These expenses were partially offset by other operating income of $2.5 million related primarily to net gains on the sale of certain fixed assets and non-strategic mineral properties and interest and other income of $2.5 million related primarily to the sale of the Platosa net smelter royalty.
The Company's cash and cash equivalents balance totaled $44.4 million at December 31, 2012 compared to $48.6 million at December 31, 2011. The $4.2 million decrease in cash and cash equivalents during 2012 resulted primarily from the cash operating expenditures described above plus $9.6 million in capitalized property and plant expenditures, incurred primarily at the Velardena Operations, offset by the Company's receipt of approximately $37.0 million related to a public offering and private placement of units comprised of common stock and warrants in September 2012, plus $5.1 million received in net proceeds from asset sales.
About Golden Minerals
Golden Minerals Company is a Delaware corporation based in Golden, Colorado, primarily engaged in silver and gold mining at its Velardena Operations in Mexico and advancement of the evaluation stage El Quevar project in Argentina.