Golden Minerals Company Announces Sale of Minera de Cordilleras Tax Benefits
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GOLDEN, Colo.--(BUSINESS WIRE)--
Golden Minerals Company (“Golden Minerals,� “Golden� or the “Company�) (OTCQB: AUMN and TSX: AUMN) announced today that has sold its wholly-owned Mexican subsidiary, Minera de Cordilleras, S. de R.L. de C.V. (“Minera Cordilleras�) to a privately held Mexican company for consideration of US $600,000. The sale agreement was signed on April 1, 2025.
Upon consummation of the transaction, Minera Cordilleras held net operating losses, inflation-adjusted capital contributions and five mining concessions in Mexico that had minimal value to the Company. Under Mexican law, the balance of Minera Cordilleras� capital contribution accounts (“CUCAs�) may be bought and sold.
All funds related to the sale of the CUCAs have been received.
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