-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UNg1BbrSa9fyu7hwuYXiEtJBZAqGTEnmyemlJFizTtbElRqcbL7R3Gdck5gT2j5z +Rv6UPJCZtHtABIrke3qmw== 0001104659-10-033158.txt : 20100609 0001104659-10-033158.hdr.sgml : 20100609 20100609163711 ACCESSION NUMBER: 0001104659-10-033158 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100603 ITEM INFORMATION: Other Events FILED AS OF DATE: 20100609 DATE AS OF CHANGE: 20100609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Golden Minerals Co CENTRAL INDEX KEY: 0001011509 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 841363747 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13627 FILM NUMBER: 10887564 BUSINESS ADDRESS: STREET 1: 350 INDIANA STREET, SUITE 800 CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3038395060 MAIL ADDRESS: STREET 1: 350 INDIANA STREET, SUITE 800 CITY: GOLDEN STATE: CO ZIP: 80401 FORMER COMPANY: FORMER CONFORMED NAME: APEX SILVER MINES LTD DATE OF NAME CHANGE: 19970825 8-K 1 a10-11672_18k.htm 8-K

 

 

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):  June 3, 2010

 

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 800

Golden, Colorado 80401

 

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))

 

 

 


 

TABLE OF CONTENTS

 

Item 8.01                               Other Events.

 

Signature

 

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Item 8.01                           Other Events.

 

Golden Minerals Company (the “Company”) has been informed by Minera San Cristóbal, S.A. (“MSC”) that MSC plans to exercise its right to terminate the Management Services Agreement among Minera San Cristóbal, S.A., Summit Minerals Corporation GmbH (formerly named Apex Metals Marketing GmbH) and Golden Minerals Services Corporation dated as of March 24, 2009 (the “MSA”).  Under the MSA, the Company provides management services for the San Cristóbal silver, zinc and lead mine in Bolivia, and the fees for these services represent all of the Company’s revenues from operations.  Since the MSA was entered into, MSC has strengthened its own management team, in part by hiring certain managers originally provided by the Company.  The Company and MSC have agreed in principle to terminate the MSA effective June 30, 2010, six months earlier than provided by the MSA.  The Company expects to receive early termination payments from MSC currently estimated to total approximately $4.5 million, less adjustments from operating advances currently estimated to total approximately $1.0 million.  Completion of this transaction is subject to negotiation and execution of definitive agreements and other customary closing conditions.

 

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SIGNATURE

 

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:  June 9, 2010

 

 

 

Golden Minerals Company

 

 

 

 

 

 

By:

/s/ Robert P. Vogels

 

 

Name:

Robert P. Vogels

 

 

Title:

Senior Vice President and Chief Financial Officer

 

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