Form 8-K - Current report

DE0001011509false00010115092024-07-152024-07-15

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

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Current Report

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Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): July 15, 2024

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GOLDEN MINERALS COMPANY

(Exact name of registrant as specified in its charter)

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DELAWARE	​	1-13627	​	26-4413382
(State or other jurisdiction of incorporation or organization)	​	(Commission File Number)	​	(I.R.S. Employer Identification Number)

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350 Indiana Street, Suite 650

Golden, Colorado 80401

(Address of principal executive offices) (Zip Code)

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Registrant’s telephone number, including area code: [phone]

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value		AUMN		NYSE American

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

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Emerging growth company  ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

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Item 8.01

Other Events.

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On July 15, 2024, in connection with the previously disclosed asset purchase and sales agreements, dated April 29, 2024 (the “Sales Agreements”), between two of Golden Minerals Company’s (the “Company”) Mexico subsidiaries, Minera William S.A. de C.V. (“Minera William”) and Mineral Labri S.A. de C.V. (“Minera Labri”), and a privately held Mexican company (the “Buyer”), the Company announced that it has received payment in full of $2,500,000 cash, plus Value Added Tax (“VAT”), for the Velardeña Mine and associated facilities and title to such assets has been transferred to the Buyer. Further and in connection with the Sales Agreements, there has been a delay in the closing of the Mineral William agreement entered into to sell the oxide processing plant and the water wells, located in Durango State, Mexico. To date, the Company has received partial payments in the amount of $373,000 for these assets. The remaining $2,627,000 cash, plus VAT on the full sales price was due on July 1, 2024. The Company expects to negotiate an extension of the Buyer’s payment obligations under the Sales Agreements with the Buyer.

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The foregoing description of the Sales Agreements does not purport to be complete and is qualified in its entirety by the full text of each of the Sales Agreements, copies of which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.

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SIGNATURE

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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.

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Date: July 16, 2024

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​	Golden Minerals Company
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​	By:		/s/ Julie Z. Weedman
​	​		Name: Julie Z. Weedman
​	​		Title:   Senior Vice President and Chief Financial Officer

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Document and Entity Information	Jul. 15, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jul. 15, 2024
Entity File Number	1-13627
Entity Registrant Name	GOLDEN MINERALS COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-4413382
Entity Address, Address Line One	350 Indiana Street
Entity Address, Address Line Two	Suite 650
Entity Address, City or Town	Golden
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80401
City Area Code	303
Local Phone Number	839-5060
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	AUMN
Security Exchange Name	NYSEAMER
Entity Emerging Growth Company	false
Entity Central Index Key	0001011509
Amendment Flag	false

Document Information	Jul. 15, 2024
Document Information:
Document Type	8-K
Amendment	false
CIK	0001011509
Registrant Name	GOLDEN MINERALS COMPANY
Period End Date	Jul. 15, 2024

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