Golden Minerals Completes $2.5M Sale of Velardeña Mine, Awaits Full Payment for Durango Assets
Portfolio Pulse from Benzinga Newsdesk
Golden Minerals Company has completed the $2.5M sale of its Velardeña Mine but is awaiting full payment for its Durango assets. The company has received partial payments for the Durango assets and expects to negotiate an extension for the remaining amount.
July 15, 2024 | 10:47 am
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Golden Minerals has successfully sold its Velardeña Mine for $2.5M but is still awaiting full payment for its Durango assets. The company has received partial payments and expects to negotiate an extension for the remaining amount.
The completion of the Velardeña Mine sale is positive, but the delay in receiving full payment for the Durango assets introduces uncertainty. The company's expectation to negotiate an extension suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100