Golden Minerals Sells Minera de Cordilleras to Privately Held Mexican Buyer
April 1, 2025
Golden Minerals Company sold its wholly owned Mexican subsidiary Minera de Cordilleras, S. de R.L. de C.V. to a privately held Mexican company for US$600,000. The April 1, 2025 agreement transferred Minera Cordilleras' capital contribution accounts (CUCAs), net operating losses and five Mexican mining concessions; Golden Minerals said all funds related to the sale have been received.
- Buyers
- Privately held Mexican company (unnamed)
- Targets
- Minera de Cordilleras, S. de R.L. de C.V.
- Sellers
- Golden Minerals Company
- Industry
- Energy
- Location
- Mexico
- Transaction Type
- Divestiture
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