07:28 AM EDT, 07/15/2024 (MT Newswires) -- Golden Minerals ( AUMN ) on Monday said it received the full payment of $2.5 million and tax for the Velardena Mine.

The associated facilities and title has been transferred to a privately held Mexican company.

The sale of the Velardena oxide processing plant and the water wells in Durango State, Mexico, has been delayed. Golden Minerals ( AUMN ) has received partial payments of $373,000 for these assets. The remaining $2.63 million, plus VAT on the full sale price, was due on July 1. The company expects to negotiate an extension with the buyer.