Advance Metals to acquire Golden Minerals' Yoquivo silver project in Mexico [Yahoo! Finance]
Golden Minerals Company (AUMN)
NASDAQ:AMEX Investor Relations:
goldenminerals.com/ir.php
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Source: Yahoo! Finance
Under the terms of the binding agreement, AVM will acquire the Yoquivo Project from Golden Minerals' wholly owned subsidiary Minera de Cordilleras, for a total consideration of $570,000, payable in cash, plus VAT. The deal includes a nonrefundable cash payment of $20,000 for a seven-day exclusive due diligence period, followed by a $275,000 payment on the eighth day, with specific refund conditions. A final payment of $275,000 is due 28 days later. The project includes seven mining concessions covering a total area of about 1,975ha. Third-party net smelter return royalties of 2%-3% will apply to all concessions. The acquisition will be funded from AVM's existing cash reserves. AVM plans to allocate $100,000 for initial exploration work and permitting on the Yoquivo project. The acquisition represents a very low-cost opportunity to establish a foothold in the silver sector, AVM said. The Yoquivo project has a foreign estimate of 937,000 tonnes with a grade of 570g/t AgEq, to
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AUMN
News
- Golden Minerals Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Golden Minerals Reports Third Quarter 2024 Financial ResultsBusiness Wire
- Golden Minerals (NYSE: AUMN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Golden Minerals (NYSE: AUMN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Golden Minerals (NYSE: AUMN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
AUMN
Sec Filings
- 11/19/24 - Form 10-Q
- 11/15/24 - Form NT
- 11/14/24 - Form SC
- AUMN's page on the SEC website