Golden Minerals Announces Completion of Sale of Velardena Properties

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.)