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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 Increases Amount of Gold and Silver in the Month of September

Very good news as the company was clearly cashflow positive in the last 10 days of September based only on the running of normal run of mine material in the oxide mill. This means that revenue from the lead con, zinc con, addition of roasted gold/pyrite con material to the oxide mill and the new 400 tpd tailings circuit for the oxide mill will all be additional new revenues.

It seems the testing periods have ended and production plans are now fixed going forward which can only mean October will be even better as will November and December culminating in approximately $3 million in revenue (as I have stated before) per month against total company operating costs of $1.3 million per month.

This news release is the strongest indication to date the company is on the right revenue growth path after extensive testing/comissioning period of the mill leading to consistent cashflow positive growth. In my view they have commissioned this mill, with appropriate testing, in record time and now the fruits of those labours will be revealed over the next few months changing forever the outlook for ECU.

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