Golden Minerals closes Velardena sale for $3M (U.S.)

Executive Summary

• Golden Minerals Company has completed the sale of its Velardena oxide processing plant and water wells in Durango, Mexico, to a privately held Mexican company.
• The transaction closed on October 10, 2025, with a total purchase price of $3.0 million (U.S.) plus applicable value-added tax (VAT).
• This divestiture marks the full exit from Velardena operations, allowing the company to focus resources on its exploration portfolio.

Key Details

• Transaction Value: Total purchase price of $3.0 million (U.S.) plus applicable VAT.
• Payment Status: The buyer had previously paid approximately $2.95 million; the final balance of approximately $28,000 (U.S.) plus VAT was received upon closing, marking full completion.
• Assets Sold: Velardena oxide processing plant and water wells located in Durango, Mexico.
• Context: This sale follows previous agreements where the buyer acquired the Velardena and Chicago mines, related mining equipment, and the sulphide processing plant.
• Strategic Impact: Golden Minerals has fully divested its Velardena operations to concentrate resources on advancing its exploration portfolio.

Notable Quotes

• None provided in the text.