Golden Minerals Co Enters Material Definitive Agreement

TL;DR

AUMN signed a big deal, filing shows. Details on financials and exhibits.

AI Summary

Golden Minerals Company (AUMN) entered into a material definitive agreement on September 27, 2024, related to its financial statements and exhibits. The company, formerly Apex Silver Mines Ltd, is incorporated in Delaware and headquartered in Golden, Colorado.

Why It Matters

This filing indicates a significant contractual development for Golden Minerals, potentially impacting its financial reporting and operational status.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.

Key Numbers

• 001-13627 — SEC File Number (Identifies the company's filing history with the SEC.)
• 26-4413382 — I.R.S. Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Golden Minerals Company (company) — Registrant
• Apex Silver Mines Ltd (company) — Former company name
• September 27, 2024 (date) — Date of earliest event reported
• 350 Indiana Street, Suite 650 (location) — Principal executive offices address
• Golden, Colorado 80401 (location) — Principal executive offices city, state, zip

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value AUMN NYSE American Indi
• $3.5 m — nce, Argentina. The purchase price is $3.5 million, paid or payable in cash, as foll
• $500,000 — aid or payable in cash, as follows: (1) $500,000, which was paid to the Company on Septe
• $2.5 m — Company on September 27, 2024; and (3) $2.5 million, which is payable to the Company

Filing Documents

• aumn-20240927x8k.htm (8-K) — 42KB
• aumn-20240927xex99.htm (EX-99) — 11KB
• aumn-20240927xex99001.jpg (GRAPHIC) — 10KB
• 0001558370-24-013118.txt ( ) — 194KB
• aumn-20240927.xsd (EX-101.SCH) — 4KB
• aumn-20240927_def.xml (EX-101.DEF) — 3KB
• aumn-20240927_lab.xml (EX-101.LAB) — 17KB
• aumn-20240927_pre.xml (EX-101.PRE) — 10KB
• aumn-20240927x8k_htm.xml (XML) — 5KB

01

Item 1.01 Entry into a Material Definitive Agreement. On September 27, 2024, Golden Minerals Company (the " Company ") entered into a definitive agreement with Butte Energy Inc. (" Butte "), whereby Butte agreed to purchase 100% of the issued and outstanding shares of Silex Argentina S.A., the Company's wholly owned subsidiary that owns the El Quevar Project, located in Salta Province, Argentina. The purchase price is $3.5 million, paid or payable in cash, as follows: (1) $500,000, which was paid to the Company on September 3, 2024; (2) $500,000, which was paid to the Company on September 27, 2024; and (3) $2.5 million, which is payable to the Company upon closing of the transaction. Closing of the transaction will be subject to additional conditions, including receipt of regulatory approvals. The foregoing description of the definitive agreement does not purport to be complete and is qualified in its entirety by the full text of the definitive agreement, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 27, 2024, the Company issued a press release announcing that the Company entered into the definitive agreement with Butte. A copy of the press release is attached hereto as Exhibit 99.1 . The information in Item 7.01 of this Current Report on Form 8-K, including the information set forth in Exhibit 99.1 , is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 99.1 Press Release of Golden Minerals Company, dated September 27, 2024, announcing the execution of a definitive agreement with Butte Energy Inc. for the sale of the El Quevar project. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATUR E 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: October 1, 2024 Golden Minerals Company By: /s/ Joseph G. Dwyer Name: Joseph G. Dwyer Title: Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR