---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-056962"
form_type: "8-K"
ticker: "AUMN"
cik: "0001011509"
company_name: "Golden Minerals Co"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T22:48:29.472078+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-056962
- form_type: 8-K
- ticker: AUMN
- cik: 0001011509
- company_name: Golden Minerals Co
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1011509/000110465924056962/0001104659-24-056962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1011509/000110465924056962/tm2413439d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-056962
- JSON: https://secwatch.observer/filing/0001104659-24-056962.json
- Plain text: https://secwatch.observer/filing/0001104659-24-056962.txt

## Key facts
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1011509/000110465924056962/0001104659-24-056962-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.