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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's production and $ value.

ECU's production and $ value.

posted on Nov 23, 2009 12:17AM


Bars Weight Kg Gold OZ. Silver OZ.
-------------------------------------------------------------------------
April 20 398 140 7,250

May 56 1,135 614 23,354
Sub-total 76 1,533 754 30,604

June 32 685 542 14,406
Sub-total 150 3,071 1,704 61,248

July 32 709 541 14,875
Sub-total 182 3,780 2,245 76,123

August 37 733 495 12,838
Sub-total 219 4,513 2740 88,961

September 47 972.9 702 13,744
Sub-total 266 5485.9 3,442 102,705

(2009Q3 506tpd 1,738oz 41,457oz.)

October 631oz.Au 34,576oz.Ag
====================================================
Total 4073oz.Au 137281oz.Ag

$ Value @ Gold@$900 Silver@$14 Per month total
May $552600 $326956 $879556
Sept $631800 $192416 $824216
$ Value @ Gold@$1000 Silver@$16 Per month total
Oct $631000 $553216 $1,184,216

We are at over a million $ production per month, no doubt that we are more than cash positive. so why would we bother with a feasability study. The above numbers are better info than what that study would provide.

Soon we are likely to have a financial statement that will give a clue to production costs and net profits.

Yes I can smell the roses.

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