Brief: Golden Minerals Enters Into Option Agreement To Sell Santa Maria Project

Golden Minerals

17/10/2019 11:54

Oct 17 (Reuters) - Golden Minerals Co  AUMN.A :
    * PRESS RELEASE - GOLDEN MINERALS ENTERS INTO OPTION
AGREEMENT TO
SELL ITS SANTA MARIA PROJECT
    * GOLDEN MINERALS- WILL RETAIN 6.5% NSR ROYALTY FROM ALL
PRODUCTION AT SANTA MARIA UNTIL  TOTAL OF $3 MILLION IS PAID TO
CO
    * GOLDEN MINERALS CO - MAGELLAN WILL PAY $1.0 MILLION CASH
TO CO
AT CLOSING
    * GOLDEN MINERALS CO - AFTER TRANSACTION, CO WILL RETAIN A
3.0%
NSR ROYALTY FOR BALANCE OF MINE'S LIFE

Source text for Eikon:  ID:nGNX8GhTx5 
Further company coverage:  AUMN.A 

 ((Reuters.Briefs@thomsonreuters.com;))