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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: Put the vast majority of your portfolio in cash generating gold and silver cos.

First Majestic, (FR), one of my favorite juniors, is cutting back and slowing down, unfortunately, what was a rapidly growing little silver company. Sign of the times. Still has three producing mines each gathering steam, but the need to save cash is forcing it to pull in its horns elsewhere. What a shame.

I'm sure the management teams of the juniors forced to do something to conserve cash must agonize over what to slow down, modify, put on the back burner or simply stop. I imagine most of them are thinking about it.

So here's an example of what one growing PM company (FR) is doing to keep the wolf from the door. I hope I don't have to read too much more of this stuff on any of the producing juniors, especially mine, but I know it's coming.
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"(FR).....said it has temporarily suspended all activities at the Cuitaboca Silver Project as part of several measures taken to protect cash and costs structures at its operations."

"The Canada-based silver producer also said it suspended construction of the new crushing circuit at the San Martin, which was designed to increase the capacity of that mill to 2000 tpd."

"The expansion planned at the La Parrilla mill to increase its capacity from 850 tpd to 1000 tpd has also been temporarily suspended, First Majestic noted."

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