Golden Minerals Finalizes Sale of Velardeña Properties

Golden Minerals Company has completed the sale of its Velardeña oxide processing plant and water wells in Durango, Mexico. The transaction, concluded on October 10, 2025, involved a privately held Mexican company as the buyer. The sale was finalized for a total of US$3.0 million, including applicable VAT. Full payment has been received, completing the divestment of Golden's Velardeña operations.

Previously, the buyer acquired the Velardeña and Chicago mines, related equipment, and the sulfide processing plant. This allows Golden Minerals to focus its resources on its exploration portfolio. The company highlights potential exploration activities and joint ventures, acknowledging related risks such as economic conditions and fluctuations in metal prices.