Golden Minerals Sells Two Mexican Properties to Industrias Peñoles
December 20 2019 - 6:50AM
Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden
Minerals”, “Golden” or “the Company”) announced today that it has
received $3.0M for the sale of two non-strategic Mexican
exploration properties to a subsidiary of Industrias Peñoles.
The Mogotes and Pistachon properties are located
near the Company’s Velardeña Properties in Durango State, Mexico
and adjacent to mineral concessions controlled by subsidiaries of
Industrias Peñoles. None of the claims contain any identified
mineral resources.
Mr. Warren Rehn, President and Chief Executive
Officer of Golden Minerals, said, “We are very pleased to conclude
the sale of these non-core concessions to Peñoles. The cash
received will enable us to advance our key exploration projects in
Mexico and Nevada.”
About Industrias Peñoles S.A.B. de
C.V.
Industrias Peñoles is a mining group with
integrated operations for the smelting and refining of non-ferrous
metals and the production of chemical products. Peñoles is part of
Grupo BAL, a private and diversified organization composed of
independent Mexican companies. Peñoles shares have been listed on
the Mexican Stock Exchange since 1968 under the code: PE &
OLES, and are part of the Price and Quotation Index, and the new
Sustainable CPI.
About Golden Minerals
Golden Minerals is a Delaware corporation based
in Golden, Colorado. The Company is primarily focused on advancing
its Velardeña Properties in Mexico and its El Quevar silver
property in Argentina, as well as acquiring and advancing mining
properties in Mexico and Nevada.
For additional information please visit
http://www.goldenminerals.com/ or contact:
Golden Minerals CompanyKaren WinklerDirector of
Investor Relations(303) 839-5060
SOURCE: Golden Minerals Company
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