Golden Minerals Sells Two Mexican Properties to Industrias Peñoles
Golden Minerals Sells Two Mexican Properties to Industrias Peñoles
GOLDEN, Colo., Dec. 20, 2019 -- 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 Company
Karen Winkler
Director of Investor Relations
(303) 839-5060
SOURCE: Golden Minerals Company