According to Mining News Pro - Mogotes and Pistachon — are located near Golden Minerals’ Velardeña project in Durango, Mexico, and adjacent to mineral concessions controlled by subsidiaries of Industrias Peñoles. None of the claims contain any identified mineral resources.

Shares of Golden Minerals rose by more than 5% at Friday’s open. The Delaware-based miner has a market capitalization of C$45 million.

“We are very pleased to conclude the sale of these non-core concessions to Peñoles. The cash received will enable us to advance our key exploration projects in Mexico and Nevada,” President and CEO Warren Rehn stated in a media release.

The company is currently focused on advancing the Velardeña properties, as well as its El Quevar silver property in Salta province, Argentina.