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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: ECU production projections based on recent news releases

Nice review Argoz and your number of $2.4 million per month revenue is precisely the target mentioned at the AGM meeting, as always, thanks for your analysis. A couple of points Argoz, the roaster will ultimately process much more than 30 tpd but that is the present rate during final testing and commissioning. It's expected the upper design capability is closer to 100 tpd so expect an average of 70 tpd when fully commissioned.

The approximate total gold pyrite con potential is a minumum of 35,000 tonnes (14,000 tonnes now inventoried plus another 21,000 tonnes in stored partially processed material in the tailings pile) based on a conservative estimate and will probably end up a little higher, maybe 10% higher.

You also correct in your assumption about more gold pyrite concentrate production in the future. When the sulphide mill starts to process sulphide ore again in the future the 320 tpd will produce 50 tonnes per day of gold pyrite con for roaster treatment and oxide mill.

We are on the cusp of a serious major breakthrough in production and revenues and maybe the market will finally wakeup. I look for an indication of this increased dore bar production in the August production numbers as this success should start to show.

I also think we should congratulate the ECU team for a great job during the Q2 oxide mill re-conditioning and commissioning process as they generated $2.7 million in revenue during a start-up phase and this is far beyond what would be considered normal and more than meets expectations. Based on my experience this is exceptional. I have already congratulated them and I'm sure they wouldn't mind hearing from other shareholders by email.

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