Golden Minerals Sells Mexican Subsidiaries for $65,000

Reuters01-02

Golden Minerals Sells Mexican Subsidiaries for $65,000

Golden Minerals Company has completed the sale of its wholly owned Mexican subsidiaries, Servicios Velardeña S.A. de C.V. and GMC Equipos S.A. de C.V., to a privately held Mexican group for approximately US$65,000. The transaction, finalized on December 30, 2025, included the transfer of subsidiaries that held net operating losses, past-due accounts payable of about US$60,000, a remaining labor claim of approximately US$56,000, and the Rodeo mining concession with a related asset retirement obligation valued at roughly US$450,000. All funds related to the sale have been received. This move substantially reduces Golden Minerals' liabilities in Mexico and allows the company to minimize ongoing overhead and administrative costs while focusing efforts on other regions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golden Minerals Company published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1122988) on January 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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