Reported Earlier, Golden Minerals Stops Mining Operations At Its Velardeña Properties, Located In Durango State, Mexico
Portfolio Pulse from Benzinga Newsdesk
Golden Minerals Company has halted operations at its Velardeña Properties in Durango State, Mexico due to underperformance. The company is considering alternatives for the properties, including a potential sale or winding up operations in Mexico.
February 29, 2024 | 6:04 pm
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Golden Minerals has ceased operations at its Velardeña mine due to not meeting projected results, considering sale or shutdown of Mexico operations.
Halting operations due to underperformance directly impacts Golden Minerals' operational efficiency and future revenue prospects. The consideration of selling the properties or winding up operations in Mexico indicates significant operational and strategic shifts, likely affecting investor confidence and the company's stock price negatively in the short term.
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