Golden Minerals Announces Completion of Sale of Velardeña Properties

Rhea-AI Summary

Golden Minerals (OTCQB:AUMN) completed the sale of its Velardeña oxide processing plant and water wells in Durango, Mexico on October 10, 2025. The total purchase price was US$3.0 million plus applicable VAT; the buyer had paid approximately $2.95 million and Golden received the final balance of about $28,000 plus VAT, marking full completion of the transaction.

The Velardeña Buyer previously acquired the Velardeña and Chicago mines, related equipment, and the sulfide plant under separate agreements, and this closing completes Golden's divestment of Velardeña operations so the company can concentrate resources on advancing its exploration portfolio.

Positive

• Proceeds received: US$3.0M total purchase price
• Transaction closed: Final payment received on October 10, 2025
• Strategic focus: Full divestment enables reallocation to exploration portfolio

Negative

• Asset exit: Velardeña oxide plant and water wells divested
• Reduced local operations: Exit from Velardeña operations in Durango

DENVER, CO, CO / ACCESS Newswire / October 13, 2025 / Golden Minerals Company ("Golden" or the "Company") (OTCQB:AUMN)(TSX:AUMN) today announced the completion of the previously announced sale of its Velardeña oxide processing plant and water wells, located in Durango, Mexico, to a privately held Mexican company (the "Velardeña Buyer").

The transaction closed on October 10, 2025, with a total purchase price of US$3.0 million plus applicable value-added tax (VAT). The Buyer had made payments of approximately $2.95 million, and the final balance of approximately US$28,000 plus VAT has now been received, marking the full and successful completion of the sale.

The Velardeña Buyer had previously acquired the Velardeña and Chicago mines, related mining equipment, and the sulfide processing plant under separate agreements. With this closing, Golden has now fully divested its Velardeña operations, allowing the Company to concentrate its resources on advancing its exploration portfolio.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). These statements include, without limitation, statements regarding the Company's expected focus on exploration activities, anticipated use of proceeds from the sale, potential joint venture arrangements, and the Company's liquidity and cash flow outlook for 2025 and beyond. These statements are subject to risks and uncertainties, including increases in costs and declines in general economic conditions; delays in exploration activities or completing joint venture documentation; changes in political conditions, in tax, royalty, environmental and other laws in the United States or Argentina and other market conditions; and fluctuations in silver and gold prices. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

For additional information, please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company
(303) 839-5060

SOURCE: Golden Minerals Company

View the original press release on ACCESS Newswire

FAQ

What did Golden Minerals (AUMN) sell on October 10, 2025?

Golden sold its Velardeña oxide processing plant and water wells in Durango, Mexico, with the transaction closing on October 10, 2025.

How much did Golden Minerals (AUMN) receive for the Velardeña assets?

The total purchase price was US$3.0 million plus applicable VAT; approximately $2.95M had been paid and the final balance of about $28,000 plus VAT was received.

Does the Velardeña sale complete Golden Minerals' divestment of Velardeña operations?

Yes. With this closing Golden has fully divested its Velardeña operations, completing related asset sales.

What will Golden Minerals (AUMN) focus on after the Velardeña sale?

The company said it will concentrate its resources on advancing its exploration portfolio following the divestment.

Who bought Golden Minerals' Velardeña assets and what else had they acquired?

A privately held Mexican buyer acquired the oxide plant and water wells; that buyer had previously acquired the Velardeña and Chicago mines, related equipment, and the sulfide plant under separate agreements.