Golden Minerals Signs Definitive Agreement To Sell El Quevar Silver Project To Butte Energy For $3.5M, With Closing Expected By October 31, 2024
Portfolio Pulse from Benzinga Newsdesk
Golden Minerals has signed a definitive agreement to sell its El Quevar silver project to Butte Energy for $3.5 million, with the transaction expected to close by October 31, 2024.
September 27, 2024 | 7:03 pm
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Golden Minerals (AUMN) is selling its El Quevar silver project to Butte Energy for $3.5 million, with the deal expected to close by October 31, 2024. This sale could provide AUMN with additional capital and streamline its asset portfolio.
The sale of the El Quevar project is a significant transaction for Golden Minerals, providing a cash inflow of $3.5 million. This could positively impact AUMN's financial position and allow the company to focus on other projects or reduce liabilities.
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