---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013874"
form_type: "8-K"
ticker: "AUMN"
cik: "0001011509"
company_name: "Golden Minerals Co"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T07:55:37.197137+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Golden Minerals closes El Quevar sale for $3.5M; warns of possible liquidation if no new capital

## Summary
- Completed sale of Silex Argentina (El Quevar Project) to Butte Energy for US$3.5M total; $2.5M received Oct 24, 2024.
- Post-sale cash and equivalents ~$3.6M; accounts payable ~$1.6M; still owed $1.8M plus VAT from Velardeña asset sale.
- Only near-term cash flow source is from asset sales, equity, or external financing; no operational cash inflows.
- Evaluating sale of company, other assets, or financing; may cease operations and liquidate if unable to obtain resources.

## SEC filing metadata
- accession: 0001558370-24-013874
- form_type: 8-K
- ticker: AUMN
- cik: 0001011509
- company_name: Golden Minerals Co
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1011509/000155837024013874/0001558370-24-013874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1011509/000155837024013874/aumn-20241024x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013874
- JSON: https://secwatch.observer/filing/0001558370-24-013874.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013874.txt

## Key facts
- M&A Transactions
  Golden Minerals Co completed a disposition involving Butte Energy Inc. for $3.5 million (closed 2024-10-24).
  - Action: disposition
  - Counterparty: Butte Energy Inc.
  - Consideration: $3.5 million
  - Closing: 2024-10-24
  source text: Company’s wholly owned subsidiary that holds the El Quevar Project located in Salta Province, Argentina, to Butte Energy Inc. In connection with the sale, the Company received $3.5 million in cash. ​ --- EX-99.1 (EX-99.1) --- Golden Minerals Announces Completion of Sale of its El Quevar Silver Project and Provides Corporate Update ​ GOLDEN, CO - /BUSINESS WIRE/
  evidence_url: https://www.sec.gov/Archives/edgar/data/1011509/000155837024013874/0001558370-24-013874-index.htm

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