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Golden Minerals Announces Termination of Sales Agreement

Golden Minerals Company (AUMN) 
NASDAQ:AMEX Investor Relations: goldenminerals.com/ir.php
Company Research Source: GlobeNewswire
GOLDEN, Colo., Sept. 11, 2019 (GLOBE NEWSWIRE) -- Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that the previously announced purchase and sale agreement with Compañía Minera Autlán S.A.B. de C.V. (MSE: AUTLANB) (“Autlán”) regarding the sale of certain of its Mexican properties has been terminated.  The agreement was previously announced in a Company news release dated June 27, 2019. Warren Rehn, Golden Minerals’ President and Chief Executive Officer, commented, “While it is unfortunate we could not come to terms with Autlán, we are now in a position to consider future options for the properties that were included in the Autlán agreement. Due to the recent increases in gold and silver prices, we believe the value of these assets has increased substantially.” The Company will continue to hold the Velardeña properties and lease its oxide mill to a subsidiary of Hecla Mining Company, which is expected to r Show less Read more
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