Golden Minerals Company announced on October 13, 2025 that it had completed the sale of its Velardeña oxide processing plant and water wells located in Durango, Mexico. The transaction closed on October 10, 2025, and the buyer is a privately held Mexican company that will assume ownership of the facilities.
The sale generated a purchase price of US$3.0 million plus applicable value‑added tax (VAT), providing the company with a cash inflow that strengthens its liquidity position and reduces operating liabilities associated with the Velardeña assets.
This divestiture is part of Golden Minerals’ broader strategic repositioning, which has focused on shedding non‑core assets to improve the balance sheet and preserve capital. The $3 million proceeds help mitigate the company’s cash exhaustion timeline and support its ongoing exploration activities at remaining projects such as Sarita Este‑Desierto and Sand Canyon.
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