Surges on higher FY'18 rev, smaller loss

Golden Minerals

01/03/2019 14:42

** U.S. miner's  AUMN.A  shares soar nearly 44 pct after
posting higher revenue and smaller loss
    ** FY'18 rev rises to $7.2 mln from $6.7 mln a year earlier
 urn:newsml:reuters.com:*:nGNX3pwFs1
    ** Net loss narrows to $1.9 mln from $3.9 mln on lower
expenses 
    ** Company expects to get ~$4.6 mln in net operating margin
from an oxide plant lease during this year
    ** Despite a 28 pct Y-o-Y decline in expenditures, which
reached $7.8 mln in 2019, the firm continues to prudently
maintain its cash balance - H.C. Wainwright & Co
    ** Today's surge takes stock's YTD gains to ~63

 (Reporting by John Benny in Bengaluru)
 ((John.Benny@thomsonreuters.com; +1 646-223-8780; Reuters
Messaging: John.Benny.thomsonreuters.com@reuters.net))