GOLDEN, Colo., Oct. 7, 2014 /CNW/ -- Golden Minerals Company
("Golden Minerals" or the "Company") (NYSE MKT: AUMN)
(TSX: AUM) announced today it has completed several sales
transactions totaling up to $1.3
million. The Company has sold 45 mining concessions
totaling 770 hectares located in the Zacatecas District, Zacatecas State,
Mexico, to Capstone Mining Group
for the sum of US $700,000.
Golden Minerals has also entered into an option agreement with a
private party to sell its 1,100 hectare Peruvian Otuzco property
for US $450,000. The Company
has received $150,000 under this
agreement, with the remainder payable in 2015 if the option is
maintained and exercised. In addition, the Company has sold
miscellaneous surplus equipment located in Argentina for $130,000.
About Golden Minerals
Golden Minerals is a Delaware
corporation based in Golden,
Colorado. The Company is primarily focused on operations at
its Velardena Properties, the advancement of its El Quevar advanced
exploration property in Argentina,
and the exploration of properties in Mexico.
Golden Minerals Company
Karen Winkler
Director of Investor Relations
(303) 839-5060
Investor.relations@goldenminerals.com
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SOURCE Golden Minerals Company