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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: Should get November production numbers this week

Should get November production numbers this week

posted on Dec 14, 2009 10:13PM

ECU's last 2 monthly production reports were October 13 and November 19, so we are right around news release time. ECU may be a couple of days behind on paper work though due to the just completed PP. My hope is for our 1st 1000 ounce gold production month and $1.5 million in sales. Those numbers will be met or exceeded once ECU starts blending 30 or 40 tpd of the gold pyrite concentrate into the oxide mill. Numbers like that or better should be rocket fuel, at least that is what the buyers of the $12.2 million private placement were willing to wager big money for. Also, I did not see much discussion on the fact that the PP was over subscribed by $2,192,000 above the original $10,008,000 estimate. Seems like investors are becoming more friendly to the juniors again, esp ECU. Big difference compared to January when we had to submit to a guaranteed bought deal with loan shark terms. Buying the oxide mill was definitely the right move and our production stats are going to prove that in the next couple of months. October's production was 631 oz og gold and 34,576 oz of silver ($1,313,390 at current prices).

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