| Golden Minerals Announces Up To $1.3 Million In Sales | |
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GOLDEN, Colo., Oct. 7, 2014 /PRNewswire/ -- Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE MKT: AUMN) (TSX: AUM) announced today it has completed several sales transactions totaling up to $1.3 million. The Company has sold 45 mining concessions totaling 770 hectares located in the Zacatecas District, Zacatecas State, Mexico, to Capstone Mining Group for the sum of US $700,000. Golden Minerals has also entered into an option agreement with a private party to sell its 1,100 hectare Peruvian Otuzco property for US $450,000. The Company has received $150,000 under this agreement, with the remainder payable in 2015 if the option is maintained and exercised. In addition, the Company has sold miscellaneous surplus equipment located in Argentina for $130,000.
About Golden Minerals
Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on operations at its Velardena Properties, the advancement of its El Quevar advanced exploration property in Argentina, and the exploration of properties in Mexico.
Golden Minerals Company
Karen Winkler
Director of Investor Relations
(303) 839-5060 Investor.relations@goldenminerals.com
Logo - http://photos.prnewswire.com/prnh/20120803/LA52082LOGO
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Golden Minerals
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PRODUCER |
CODE : AUM.TO |
ISIN : US3811191069 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Golden Minerals is a gold and silver development stage company based in United states of america. Golden Minerals produces gold, silver, copper, lead and zinc in Mexico, develops silver in Argentina, and holds various exploration projects in Mexico. Its main assets in production are SAN JUANES, SAN MATEO, SANTA JUANA and VELARDENA DISTRICT in Mexico, its main asset in development is EL QUEVAR in Argentina and its main exploration properties are SAN MIGUEL, SAN PEDRO, ZACATECAS, MATEHUAPIL, LA PINTA, SAN DIEGO, NAZAS and TERNERAS in Mexico, ELISA DE BORDOS in Chile and COCHABAMBA, JEHUAMARCA, CHAVIN and PALCA in Peru. Golden Minerals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 76.2 millions as of today (US$ 58.5 millions, € 54.2 millions). Its stock quote reached its highest recent level on March 05, 2010 at CA$ 9.99, and its lowest recent point on January 22, 2016 at CA$ 0.19. Golden Minerals has 84 690 333 shares outstanding. |