Golden Minerals Completes Sale of Mexican Subsidiaries

Golden Minerals Company has finalized the sale of its fully owned Mexican subsidiaries, Servicios Velardeña and GMC Equipos, to a privately held Mexican group. The transaction was completed on Dec. 30, 2025, with total proceeds of approximately US$65,000.

At the time of closing, Servicios Velardeña and GMC Equipos held net operating losses, inflation-adjusted capital contributions, and various liabilities, including around US$60,000 in overdue accounts payable, an outstanding labor claim in Mexico of approximately US$56,000, and the Rodeo mining concession, a mined-out project with an associated asset retirement obligation recorded at approximately US$450,000. Mexican law permits the sale and transfer of the subsidiaries’ capital contribution accounts. All proceeds from the sale have been fully received.

The company explained this transaction marks a milestone in its planned withdrawal from Mexico, allowing it to largely eliminate its local liabilities, minimize ongoing overhead and administrative costs, and focus its resources and operations on other regions.

Recent Mining Transactions

Besides Golden Minerals Company’s exit from Mexico, other mining companies are also making significant moves in the region. In 2025, Guanajuato Silver announced it has received conditional approval from the TSX Venture Exchange (TSXV) to acquire the Bolanitos gold-silver mine from Endeavour Silver. The company is now working to meet the conditions of the TSXV approval, along with the remaining closing requirements outlined in the definitive agreement signed on Nov. 24, 2025.

Similarly, Goldgroup Mining finalized the acquisition of Molimentales del Noroeste, gaining full ownership of the San Francisco Mine in Sonora. The company views this acquisition as strategic due to its proximity to the operating Cerro Prieto mine and the potential of the mineral resources.

Last month, Silver Wolf Exploration announced the completion of all expenditure and payment requirements to acquire a 100% interest in the Ana Maria and El Laberinto properties in Mexico. After the acquisition, Avino Silver & Gold Mines ended up owning 18.19% of Silver Wolf’s shares. The acquisition was finalized following the issuance of 2,000,000 common shares to Avino Silver & Gold Mines valued at CA$400,000 (US$290,730) based on a deemed price of C$0.20 per share.

In November, Mexican Gold Mining announced the acquisition of full ownership of certain mineral titles and associated rights covering 3,824.3585ha at the Tatatila Project in Veracruz, Mexico. This acquisition was completed under a mining concessions assignment agreement with its subsidiary Roca Verde Exploración and Chesapeake Gold, along with its subsidiaries Minerales El Prado, and Chesapeake México.