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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: News
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Jan 28, 2010 12:24PM

Coach, I agree the company is in a show me mode and am confident it will do just that. When January numbers officially come out showing approximately 125,000 or so of silver equivalent production as indicated in the press release plus the base metals this in my view will establish a new floor for monthly production values based on the present established mill fixes that have occured to date.

Michel was quite clear in the press release that several more initiatives are being implimented which will further enhance recoveries and increase annual capacity so in my view January becomes the new baseline. This results in close to $2 million in revnue for january ith all in company operating costs of about $1.3-1.4 meaning ECU is clearly cashflow positive right now as I write this note.

With the additional enhancements I'm totally confident the company will exceed $3 million per month in revenue sometime in the not too distant future and maybe even the numbers Argoz has predicted and with costs staying about the same. This translates into at least $1.5 million per month available for exploration and debt payments if they start late in 2010.

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Jan 28, 2010 10:23PM
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