http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2012/04/12/golden-minerals-company/play/stream/4475

Notes made while watching the presentation -

At Valardena, key is the San Mateo ramp to get to bulk mining.

Oxide mill 500 tpd, Ball Mill 800 - 850 tpd

Once oxides are depleted , use oxide mill with other mill. They have purchased another ball mill (for $500,000, a bargain) working by early next year - 1300 tpd. Eventually 2000 tpd from these mills. (ie no big purchase of 2000 tpd, my inference) The math was a bit fuzzy...

Investors dont care (really), but they have a big emphasis on health & safety. More ventilation, safety glasses (seems like a given, but there you go), no lost time accidents this year to date. Important to the miners, if not the investors. (However ivestors will see that and make a note of these things.)

Goal is a tripling in production from 1st qu to 4th qu 2012.

Good description of El Quevar project. I didn't understand everything he was talking about, but I liked his candour. The resource estimate that they put out this week will be considered to be a 'work' in progress'.

The total 'inferred' resource will likely drop significantly

Enterprise Value per ounce of Ag equiv is $0.87, second lowest of their silver producers peer group. Share Price /NAV is 0.5x, the lowest of the silver producers group. These show the potential that awaits us once the value is realised (and we meet our production targets).

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