Golden Minerals Co (AUMN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Golden Minerals Company has agreed to sell its subsidiary, Silex Argentina S.A., which owns the El Quevar silver project, to Butte Energy Inc. for $3.5 million to address its immediate cash needs. This strategic move comes after delays in receiving payments for another property sale and is part of a larger effort to mitigate short-term financial pressures while refocusing on other exploration projects.
For further insights into AUMN stock, check out TipRanks’ Stock Analysis page.
