Golden Minerals Stops Mining Operations at its Velardeña Properties

Company Overview - Golden Minerals Company is a precious metals mining exploration company based in Golden, Colorado, primarily focused on advancing its Yoquivo property in Mexico and its El Quevar silver property in Argentina through partner-funded exploration [2] Operational Update - The company has decided to cease operations at its Velardeña Properties in Durango State, Mexico, after restarting mining operations in late December 2023 with the aim of increasing production during the first half of 2024 [1] - The initial performance of the Velardeña mine and processing plant has not met the company's projected results, leading to the decision to stop mining operations [1] - The company plans to evaluate potential alternatives for the Velardeña Properties, which may include selling the properties or winding up certain operations in Mexico [1]