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M&A / Property

Golden Minerals Announces Completion of Sale of Velardena Properties

By The Northwire Desk — AI Analysis Oct 13, 2025 · 18:00 AUMN · 0.7 Golden Minerals Company
AUMN · Price

Executive Summary

  • Golden Minerals completed the sale of its Velardeña oxide processing plant and water wells for a total purchase price of US $3.0 million (plus VAT).
  • The transaction is now fully settled with final payment of approximately US $28,000 received on October 10, 2025.
  • Proceeds will be used to focus the company’s resources on advancing its exploration portfolio.

Key Details

  • Transaction: Sale of Velardeña oxide processing plant and associated water wells located in Durango, Mexico.
  • Buyer: Privately held Mexican company (referred to as “Velardeña Buyer”).
  • Purchase Price: US $3.0 million plus applicable VAT.
  • Payments Received: Approximately US $2.95 million paid earlier; final balance of ~US $28,000 plus VAT received on October 10, 2025, completing the transaction.
  • Strategic Rationale: Full divestiture allows Golden Minerals to concentrate capital and management effort on its exploration portfolio.
  • Use of Proceeds: Intended to fund ongoing and future exploration activities; potential joint‑venture arrangements were noted as a forward‑looking consideration.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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