Golden Minerals Co (AUMN) has released an update.
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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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