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Golden Minerals Co ( (AUMN) ) has provided an update.
Golden Minerals Company has struck a deal to sell its subsidiary, Silex Argentina S.A., to Butte Energy Inc. for a total of $3.5 million in cash. The subsidiary is behind the El Quevar Project in Argentina. Payments are staggered, with $1 million already paid and the remaining $2.5 million due at the transaction’s close, pending regulatory approvals. The agreement details will be included in an upcoming quarterly report, complementing an official press release about the sale.
Find detailed analytics on AUMN stock on TipRanks’ Stock Analysis page.