0001104659-23-098945.txt : 20231026 0001104659-23-098945.hdr.sgml : 20231026 20230907161147 ACCESSION NUMBER: 0001104659-23-098945 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20230907 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Golden Minerals Co CENTRAL INDEX KEY: 0001011509 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 841363747 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 350 INDIANA STREET, SUITE 800 CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3038395060 MAIL ADDRESS: STREET 1: 350 INDIANA STREET, SUITE 800 CITY: GOLDEN STATE: CO ZIP: 80401 FORMER COMPANY: FORMER CONFORMED NAME: APEX SILVER MINES LTD DATE OF NAME CHANGE: 19970825 CORRESP 1 filename1.htm

 

Brian Boonstra

303.892.7348

brian.boonstra@dgslaw.com

 

 

September 7, 2023

 

By EDGAR

 

Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, D.C. 20549

Attention: Cheryl Brown and Daniel Morris

 

Re:          Golden Minerals Company

Registration Statement on Form S-1

Filed August 16, 2023
File No. 333-274011

 

Dear Ms. Brown and Mr. Morris:

 

On behalf of Golden Minerals Company (the “Company”), set forth below is the response of the Company to the comments received by the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) contained in the letter dated August 31, 2023 (the “Comment Letter”) regarding the above-referenced registration statement on Form S-1 (the “Form S-1”). For ease of reference, the text of the Staff’s comment is reproduced in bold-face type below, followed by the Company’s response.

 

Experts, page 14

 

1.We note your disclosure that the consolidated financial statements as of December 31, 2022 and 2021 incorporated in this prospectus by reference to your Form 10-K for the year ended December 31, 2022, have been incorporated in reliance on the report of Armanino, LLC. We also note the 10-K filed on March 22, 2022 in which Plante & Moran audited the financial statements for the fiscal year ended December 31, 2021, and served as your independent auditor from 2013 to 2022. Please revise to reconcile these disclosures and file the consent of Plante & Moran as an exhibit to your registration statement.

 

Response: Concurrent with the filing of this response letter, the Company will file an amended registration statement on Form S-1 to revise the disclosure in the “Experts” section in order to correctly reflect that the consolidated financial statements for the fiscal year ended December 31, 2021 were audited by Plante & Moran. A consent of Plante & Moran is also filed with the amended registration statement.

 

 

Davis Graham & Stubbs LLP      ▪ 1550 17th Street, Suite 500      ▪ Denver, CO 80202      ▪ 303.892.9400      ▪ fax 303.893.1379      ▪ dgslaw.com

 

 

 

Should you require further clarification of any of the issues raised in this letter, please contact the undersigned at (303) 892-7348.

 

  Sincerely,
   
 
  Brian Boonstra
  for
  DAVIS GRAHAM & STUBBS LLP

 

cc:        Julie Weedman, Golden Minerals Company

 

2

 GRAPHIC 2 tm2323859d7_correspimg01.jpg GRAPHIC begin 644 tm2323859d7_correspimg01.jpg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end GRAPHIC 3 tm2323859d7_correspimg02.jpg GRAPHIC begin 644 tm2323859d7_correspimg02.jpg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end