Golden Minerals to Sell El Quevar Project Amid Financial Strategy Shift

Golden Minerals Co (AUMN) has released an update.

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.

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