Skip to main content

Golden Minerals Sells Two Mexican Properties to Industrias Peñoles

Written by Customer Service on . Posted in Public Companies.

GOLDEN, Colo., Dec. 20, 2019 (GLOBE NEWSWIRE) — Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that it has received $3.0M for the sale of two non-strategic Mexican exploration properties to a subsidiary of Industrias Peñoles.The Mogotes and Pistachon properties are located near the Company’s Velardeña Properties in Durango State, Mexico and adjacent to mineral concessions controlled by subsidiaries of Industrias Peñoles.  None of the claims contain any identified mineral resources.  Mr. Warren Rehn, President and Chief Executive Officer of Golden Minerals, said, “We are very pleased to conclude the sale of these non-core concessions to Peñoles.  The cash received will enable us to advance our key exploration projects in Mexico and Nevada.”About Industrias Peñoles S.A.B. de C.V.Industrias Peñoles is a mining group with integrated operations for the smelting and refining of non-ferrous metals and the production of chemical products. Peñoles is part of Grupo BAL, a private and diversified organization composed of independent Mexican companies. Peñoles shares have been listed on the Mexican Stock Exchange since 1968 under the code: PE & OLES, and are part of the Price and Quotation Index, and the new Sustainable CPI.About Golden MineralsGolden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its Velardeña Properties in Mexico and its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico and Nevada. For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Karen Winkler
Director of Investor Relations
(303) 839-5060SOURCE: Golden Minerals Company

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.