Welcome To The Golden Minerals HUB On AGORACOM

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

Free
Message: News Extrapolated

News Extrapolated

posted on Oct 13, 2009 02:03PM

If you take the amount of gold and silver produced during the last 1/3 of the month ( I will assume that is a good average for full production with the existing line) You get these numbers.

GOLD

338 X 3 = 1014 ounces og gold a month

6951 X 3 = 20,853 ounces of silver a month

Assuming costs are about 33% of the sale price of both.

Lets say we get 950 for gold and 16.00 for the silver.

950 x .66 = 570 profit per ounce of gold

16.00 x .66 = 9.60 profit per ounce of silver

1014 x 570 = $577,980 profit from gold

20,853 x 9.60 = $187,677 profit from the silver

So 577,980 + 187,677 = $765,657 profit for the month after expenses.

On a yearly basis $9,187,884.

This does not include the Zinc and Lead.

Lets see what others can do with the numbers and the other processing lines.

Share
New Message
Please login to post a reply