Golden Minerals Company Substantially Reduces Liabilities in Mexico

Executive Summary

• Golden Minerals completed the sale of its wholly‑owned Mexican subsidiaries for approximately US $65,000.
• The divestiture eliminates significant liabilities—including past‑due payables (~US $60k), a labor claim (~US $56k), and an asset retirement obligation (~US $450k).
• Proceeds have been received, allowing the company to focus on operations in other regions and substantially reduce overhead costs.

Key Details

• Subsidiaries sold: Servicios Velardeña S.A. de C.V. and GMC Equipos S.A. de C.V. (both 100 % owned).
• Closing date: December 30, 2025.
• Total consideration: Approximately US $65,000 cash received in full.
• Liabilities removed:
• Past‑due accounts payable – ~US $60,000
• Remaining labor claim in Mexico – ~US $56,000
• Asset retirement obligation on the Rodeo mining concession – book liability ~US $450,000
• Other transferred items: Net operating losses, inflation‑adjusted capital contributions (CUCAs), and the mined‑out Rodeo concession.
• Strategic impact: Represents a “significant step forward” in Golden Minerals’ planned exit from Mexico, reducing ongoing administrative overhead and enabling reallocation of resources to other regions.

Notable Quotes

(No direct quotes were provided in the release.)