MSloane Consulting, providing mining equipment to various mining companies around the globe, received news today that Golden Minerals Company said that the sale of their remaining 49% joint venture interest in the Platosa property to Excellon Resources for US $2.0 million in cash and a 1% net smelter return royalty. Previous agreements between the Company and Excellon, including a 2% net smelter return royalty previously granted, were terminated in this transaction. Definitive agreements have been executed, titles to the claims have been transferred and the US $2.0 million cash payment has been made by Excellon.
Monday, November 23, 2009
Mining Equipment: Golden Minerals Company sold Platosa Joint Venture Share to Excellon Resources
MSloane Consulting, providing mining equipment to various mining companies around the globe, received news today that Golden Minerals Company said that the sale of their remaining 49% joint venture interest in the Platosa property to Excellon Resources for US $2.0 million in cash and a 1% net smelter return royalty. Previous agreements between the Company and Excellon, including a 2% net smelter return royalty previously granted, were terminated in this transaction. Definitive agreements have been executed, titles to the claims have been transferred and the US $2.0 million cash payment has been made by Excellon.
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