GOLDEN, Colo., Oct. 7, 2014 /CNW/ — Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE MKT: AUMN) (TSX: AUM) announced today it has completed several sales transactions totaling up to $1.3 million. The Company has sold 45 mining concessions totaling 770 hectares located in the Zacatecas District, Zacatecas State, Mexico, to Capstone Mining Group for the sum of US $700,000. Golden Minerals has also entered into an option agreement with a private party to sell its 1,100 hectare Peruvian Otuzco property for US $450,000. The Company has received $150,000 under this agreement, with the remainder payable in 2015 if the option is maintained and exercised. In addition, the Company has sold miscellaneous surplus equipment located in Argentina for$130,000.
Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on operations at its Velardena Properties, the advancement of its El Quevar advanced exploration property in Argentina, and the exploration of properties in Mexico.
Golden Minerals Company
Director of Investor Relations
SOURCE Golden Minerals Company