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Stock impact report

Golden Minerals Closes Sale of its Yoquivo Gold-Silver Project

Golden Minerals Company (AUMN) 
NASDAQ:AMEX Investor Relations: goldenminerals.com/ir.php
Company Research Source: Business Wire
GOLDEN, Colo.--(BUSINESS WIRE)--Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) today announced it has closed on the sale of its Yoquivo gold-silver project (located in Chihuahua State, Mexico) (the “Yoquivo Project”). The buyer is Advance Metals Limited (ASX: AVM) (“AVM”), an ASX-listed entity focused on the acquisition, discovery, and advancement of high-quality metals projects.Pursuant to the sales agreement that the Company announced last month (Press Release - Golden Minerals to Sell Yoquivo Project), AVM has purchased 100% of the Yoquivo Project from Minera de Cordilleras S. de R.L. de C.V., a wholly owned subsidiary of Golden Minerals, for total consideration of US$570,000, which was paid in cash, plus value added tax (“VAT”), as follows:A one-time, non-refundable cash payment of US$20,000, plus VAT, for AVM to have the right to carry out due diligence for a seven-day exclusive period, beginning on October 24, 2024.On Nove Show less Read more
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