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M&A / Property

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

By The Northwire Desk — AI Analysis Oct 13, 2025 · 04:41 AUMN · 0.70 Golden Minerals Company
AUMN · Price

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.
Read the original news release →

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