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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: SLW and ECU
2
Jun 06, 2011 09:25AM

Ororico,

My quick estimate of Peruvian silver for SLW is 18% of their total. Barrack contributes significantly, as SLW gets the lion's share from Barrack's 2 Peruvian mines, and only a small portion of Barrack's production from outside Peru. Barrack contributes 23% of SLW's silver stream, so I may be too conservative in my estimate.

Much of SLW's problems recently, have been due to losing their CEO, the "drive by shooting" of silver, and no clear growth plan for the future. Many (like Black Rock - who sold heavily recently) are waiting to see how the new CEO handles the challenges on his plate.

AND..ECU is pretty solid this AM, like many but not all juniors. Gotta see gold hold on to $1550 this week!

N

2
Jun 06, 2011 01:15PM
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