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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Mill update
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May 21, 2009 04:20AM
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May 21, 2009 04:46AM
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May 21, 2009 04:55AM
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May 21, 2009 05:24AM

Excellent news indeed but not so fast. A bit closer to reality is $8 million profit per year now:
626 ounces of Gold @ $900 = $563,400
and 30,544 ounces of Silver @$14 = $427,616
------------------------------------...
Total from metal sales = $991,016
Operational costs (est.) - $300,000?
====================================...
Profit over month? = $691,016
Profit per year? = $8,292,192

Note world prices are unlikely to be realized on sales and a discount of up to ten percent could be in play. Ten and perhaps 12 million $ profit per year may be so once full production is achieved.
The most important aspect is that we become cash positive to the extent that there may not be any need to go cap in hand to the bankers. It the environment of this world economic mess that is a Huge achievement.
Needless to say, the world is not pricing us correctly and we await the time when they wake up.
Cheers.

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May 21, 2009 06:35AM
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