litigation
confidence high
sentiment neutral
materiality 0.45
Golden Minerals subsidiary settles lawsuit with Unifin for $250,000
Golden Minerals Co
- Minera William agreed to pay US$250,000 to Unifin to resolve guarantee dispute.
- Unifin releases Minera William from all future claims related to the lawsuit.
- Settlement is subject to court approval; payment expected by end of 2023 or early 2024.
- Dispute originated from 2011 documents allegedly binding Minera William as guarantor for a third party.