Golden Minerals Company Substantially Reduces Liabilities in Mexico

Rhea-AI Summary

Golden Minerals (OTCQB:AUMN, TSX:AUMN) announced completion of the sale of its wholly owned Mexican subsidiaries Servicios Velardeña and GMC Equipos on December 30, 2025 for approximately US$65,000. The subsidiaries carried net operating losses, inflation-adjusted capital contributions, and several liabilities including about US$60,000 in past-due accounts payable, a remaining labor claim of about US$56,000, and the Rodeo mining concession with an associated asset retirement obligation and book liability of about US$450,000. All sale funds have been received.

This transaction is presented as a key step in the company’s planned exit from Mexico to substantially eliminate Mexican liabilities, reduce ongoing overhead and administrative costs, and allow focus on other regions.

Positive

• Sale completed on Dec 30, 2025 for ~US$65,000
• Transaction removes multiple Mexican liabilities totaling approximately US$566,000
• All funds related to the sale have been received

Negative

• Rodeo concession carries an asset retirement obligation with a book liability of ~US$450,000
• Proceeds of ~US$65,000 are small relative to the subsidiaries' combined reported liabilities

News Market Reaction

-1.58%

1 alert

-1.58% News Effect

On the day this news was published, AUMN declined 1.58%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GOLDEN, CO / ACCESS Newswire / January 2, 2026 / Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") (OTCQB:AUMN)(TSX:AUMN) announced that it has completed the sale of its wholly owned Mexican subsidiaries, Servicios Velardeña S.A. de C.V. and GMC Equipos S.A. de C.V., to a privately held Mexican group. The transaction was completed on December 30, 2025, for total consideration of approximately US$65,000.

Upon consummation of the transaction, Servicios Velardeña S.A. de C.V. and GMC Equipos S.A. de C.V. held net operating losses, inflation-adjusted capital contributions, several liabilities including approximately US$60,000 in past-due accounts payable, the remaining labor claim in Mexico of approximately US$56,000, and the Rodeo mining concession, a mined-out project that includes an associated asset retirement obligation with a book liability value of approximately US$450,000. Under Mexican law, the balance of the subsidiaries' capital contribution accounts ("CUCAs") may be bought and sold. All funds related to the sale have been received.

This transaction represents a significant step forward in the Company's planned exit from Mexico, allowing Golden Minerals to substantially eliminate its liabilities in the country and reduce ongoing overhead and administrative costs to a minimum, while enabling the Company to focus on other regions.

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 in Mexico on December 30, 2025?

Golden Minerals sold its wholly owned Mexican subsidiaries, Servicios Velardeña and GMC Equipos, on December 30, 2025.

How much did Golden Minerals (AUMN) receive from the Mexico sale?

The company received approximately US$65,000 and the press release says all funds were received.

What liabilities were transferred in Golden Minerals' (AUMN) Mexico sale?

Transferred items included ~US$60,000 in past-due accounts payable, a labor claim of ~US$56,000, net operating losses, and the Rodeo concession with a ~US$450,000 book asset retirement obligation.

What does the sale mean for Golden Minerals (AUMN)’s presence in Mexico?

The company says the sale is a key step in its planned exit from Mexico to substantially eliminate liabilities and reduce overhead.

When were the funds from Golden Minerals' (AUMN) Mexico transaction received?

The announcement states that all funds related to the sale have been received.