---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-012642"
form_type: "8-K"
ticker: "AUMN"
cik: "0001011509"
company_name: "Golden Minerals Co"
filed_at: "2024-09-06T23:59:59+00:00"
generated_at: "2026-05-31T06:00:19.983689+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Golden Minerals signs letter agreement to sell El Quevar silver project to Butte Energy for $3.5M cash

## Summary
- Purchase price $3.5M cash: $500K non-refundable deposit paid Sep 3, $500K on definitive agreement, $2.5M at closing by Oct 31.
- Cash and cash equivalents ~$0.9M as of Aug 30; $2.8M from Velardeña sale overdue; sale addresses immediate liquidity needs.
- Also sold Minera Labri for ~$445,500 (net operating losses/CUCAs); Desierto I mining concession restored by Salta Appeals Court.
- Going concern warning: if unable to obtain additional financing, may cease operations and liquidate.

## SEC filing metadata
- accession: 0001558370-24-012642
- form_type: 8-K
- ticker: AUMN
- cik: 0001011509
- company_name: Golden Minerals Co
- filed_at: 2024-09-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1011509/000155837024012642/0001558370-24-012642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1011509/000155837024012642/aumn-20240830x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-012642
- JSON: https://secwatch.observer/filing/0001558370-24-012642.json
- Plain text: https://secwatch.observer/filing/0001558370-24-012642.txt

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