Golden Minerals Company Reduces Liabilities in Mexico

Golden Minerals Company has announced the completed sale of its Mexican subsidiaries, Servicios Velardeña S.A. de C.V. and GMC Equipos S.A. de C.V. The transaction, concluded on December 30, 2025, involved a private Mexican group and amounted to approximately US$65,000.

The subsidiaries held various liabilities, including US$60,000 in accounts payable, a US$56,000 labor claim, and a mined-out project with a US$450,000 asset retirement obligation. The sale aligns with Golden Minerals' strategy to exit Mexico, significantly cutting liabilities while lowering administrative expenses.

Golden Minerals intends to redirect its focus to other regions following this strategic divestiture in Mexico.