Golden Minerals Co Files 8-K: Material Agreement & Disclosures

TL;DR

Golden Minerals (AUMN) filed an 8-K on 5/3 for an April 29th material agreement. Watch for details.

AI Summary

Golden Minerals Company entered into a Material Definitive Agreement on April 29, 2024. The company also made a Regulation FD Disclosure and reported other events. The filing was made on May 3, 2024.

Why It Matters

This 8-K filing indicates significant corporate activity for Golden Minerals Co, including a new material agreement and regulatory disclosures that could impact investors.

Risk Assessment

Risk Level: medium — Material definitive agreements and regulatory disclosures can signal significant changes or events that may impact the company's stock price.

Key Players & Entities

• Golden Minerals Company (company) — Registrant
• April 29, 2024 (date) — Date of earliest event reported
• May 3, 2024 (date) — Filing date
• 350 Indiana Street, Suite 650 (address) — Principal executive offices
• Golden, Colorado 80401 (address) — Principal executive offices
• 303-839-5060 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value AUMN NYSE American Indi
• $5.5 million — ange for an aggregate purchase price of $5.5 million in cash, plus Value-Added Tax ("VAT").
• $1.0 million — aid a non-refundable advance payment of $1.0 million in cash to the Company; (ii) on May 20,
• $2.0 million — i) on May 20, 2024, the Buyer shall pay $2.0 million in cash, plus VAT (including VAT on the
• $2.5 million — i) on July 1, 2024, the Buyer shall pay $2.5 million in cash, plus VAT, to the Company. The
• $250,000 — reement, Minera William agreed to pay US$250,000 to Unifin in exchange for Unifin's with

Filing Documents

• tm2413439d1_8k.htm (8-K) — 30KB
• 0001104659-24-056962.txt ( ) — 200KB
• aumn-20240429.xsd (EX-101.SCH) — 3KB
• aumn-20240429_lab.xml (EX-101.LAB) — 33KB
• aumn-20240429_pre.xml (EX-101.PRE) — 22KB
• tm2413439d1_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. 3

01

Item 7.01 Regulation FD Disclosure. 3

01

Item 8.01 Other Events. 3 Signature 4 2

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 29, 2024, two of Golden Minerals Company's Mexico subsidiaries, Minera William S.A. de C.V. ("Minera William") and Mineral Labri S.A. de C.V. ("Minera Labri"), entered into certain asset purchase and sale agreements (the "Sale Agreements") with a privately held Mexican company (the "Buyer"). Pursuant to the terms of the Sale Agreements, Minera William and Minera Labri agreed to sell certain mining concessions, equipment, land parcels and other assets to the Buyer in exchange for an aggregate purchase price of $5.5 million in cash, plus Value-Added Tax ("VAT"). The assets being sold include the Velardea and Chicago mines, both oxide and sulfide processing plants and related equipment. Pursuant to the terms of the Sales Agreements: (i) on April 29, 2024, the Buyer paid a non-refundable advance payment of $1.0 million in cash to the Company; (ii) on May 20, 2024, the Buyer shall pay $2.0 million in cash, plus VAT (including VAT on the advance payment), to the Company and (iii) on July 1, 2024, the Buyer shall pay $2.5 million in cash, plus VAT, to the Company. The foregoing description of the Sales Agreements does not purport to be complete and is qualified in its entirety by the full text of each of the Sales Agreements, copies of which will be filed as exhibits to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.

01 Regulation

Item 7.01 Regulation FD Disclosure. The information set forth in Item 1.01 is incorporated herein.

01 Other Events

Item 8.01 Other Events. On April 30, 2024, the previously disclosed settlement agreement (the "Settlement Agreement") between Minera William and Unifin Financiera, S.A.B. de C.V. ("Unifin"), relating to the lawsuit between the entities was granted final court approval. As previously described in the Company's Current Report on Form 8-K filed on December 12, 2023, under the terms of the Settlement Agreement, Minera William agreed to pay US$250,000 to Unifin in exchange for Unifin's withdrawal of the lawsuit and release of Minera William from any future claim related to the dispute. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 3, 2024 Golden Minerals Company By: /s/ Julie Z. Weedman Name: Julie Z. Weedman Title: Senior Vice President and Chief Financial Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR