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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 Silver Discovers Second New Vein on the Chicago Property

Today Minera Andes had a news release which only gave the best intercepts of several veins and their price went up 10%. ECU gave their best intercept and the average as well, which is more informative to the investor and their price went down 2 cents. Using the average grades, $1300 gold, $22 silver, and $1 lead and zinc, our newly discovered vein has a metal value of $919 per ton. Using a 60% recovery and diluting the 0.30 meter wide vein to 1 meter, the value is $165.54 per tonne. Since ECU's cost for narrow veins is only $45 per tonne, this vein should be very profitable. If it were processed at ECU's 870 tonne per day capacity it would generate revenue of $4.32 million per month. ECU's total operating and corporate cost is around $1.8 to $2 million per month.

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