Golden Minerals sells Velardeña & Chicago mines for $5.5M cash; settles Unifin lawsuit

Golden Minerals Co

Sale of mining concessions, equipment, land parcels for $5.5M cash plus VAT; buyer paid $1M non-refundable advance on April 29, 2024.
Remaining payments: $2M due May 20, 2024 and $2.5M due July 1, 2024.
Court approved settlement: Minera William to pay $250K to Unifin to end lawsuit.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Golden Minerals Co entered into Sale Agreements with a privately held Mexican company valued at $5.5 million in cash (effective 2024-04-29).

Action: entry
Agreement: asset purchase
Counterparty: a privately held Mexican company
Value: $5.5 million in cash
Effective: 2024-04-29

Exact text from the filing

two of Golden Minerals Company’s Mexico subsidiaries, Minera William S.A. de C.V. (“Minera William”) and Mineral Labri S.A. de C.V. (“Minera Labri”), entered into certain asset purchase and sale agreements (the “Sale Agreements”) with a privately held Mexican company (the “Buyer”)

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292 material agreements filed in the last 30 days. Browse all material agreements →

Golden Minerals Co filing history →

Source: SEC EDGAR

accession 0001104659-24-056962

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