UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 7, 2020
GOLDEN MINERALS COMPANY
(Exact name of registrant as specified in its charter)
| DELAWARE | 1-13627 | 26-4413382 |
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
350 Indiana Street, Suite 650
Golden, Colorado 80401
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (303) 839-5060
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):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange | ||
| Common Stock, $0.01 par value | AUMN | NYSE American |
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). Emerging growth company ¨
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. ¨
TABLE OF CONTENTS
| Item 1.02 | Termination of a Material Definitive Agreement |
| Signature |
| Item 1.02 | Termination of a Material Definitive Agreement |
On July 7, 2020, Golden Minerals Company (the “Company”) received written notice from Minera Hecla S.A. de C.V., an indirect subsidiary of Hecla Mining Company (“Hecla”), notifying the Company of Hecla’s election to terminate the Master Agreement and Lease Agreement, dated as of July 1, 2015, by and between Minera Hecla S.A. de C.V. and Minera William S.A. de C.V., an indirect subsidiary of the Company (as amended, the “Lease”). Pursuant to the Lease, Hecla has been processing ore from its San Sebastian mine at the Company’s Velardeña oxide plant. As a result of Hecla’s early termination, the lease term will expire on November 30, 2020, rather than on the scheduled termination date of December 31, 2020. Hecla will continue to make the required monthly payments under the Lease through November 30, 2020.
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.
Date: July 9, 2020
| Golden Minerals Company | |||
| By: | /s/ Robert P. Vogels | ||
| Name: | Robert P. Vogels | ||
| Title: | Senior Vice President and Chief Financial Officer | ||