Golden Minerals Co Announces Sale Of Exploration Property To Compania de Minas Buenaventura S.A.A

Thursday, 14 Feb 2013 07:01am EST 

Golden Minerals Co announced the sale of exploration properties in Peru for approximately $4.8 million. The Company has entered into an agreement to sell the properties to Compania de Minas Buenaventura S.A.A. for $4.3 million, and has completed transactions for approximately $3.5 million of that amount. The sale of the remaining $0.8 million in exploration properties to Buenaventura is conditioned on the receipt of third party consents by February 28, 2013. In addition, the Company sold other exploration properties in November 2012 to another third party for $0.5 million. The Company has closed exploration office in Peru.