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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 - 2nd quarter filings
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Aug 14, 2010 09:28AM
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Aug 14, 2010 11:13AM
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Aug 14, 2010 12:06PM

My calcs are that the initial 10,000 tonnes of gold pyrite sales will generate over $5 million from the gold plus whatever the silver content is. Total revenue probably over $6 million. Also based on my coversation with public relations, the current metal recoveries are only 50 to 60% but the mill manager is confident that recoveries can be improved to 75% which will be a large increase in cash flow. Since our metal production was about $5.6 million last quarter and cash in operations were only $1,424,811, our mine operation is already highly profitable.

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Aug 14, 2010 01:56PM
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Aug 14, 2010 03:01PM
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