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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: physical bullion is the key

The ratio you mention is true Cockerel and the gold is this high because of the fact the company is processing more oxide ore than sulphide ore where the silver content is lower than the silver in our sulphide ores which make up the bulk of the large resource ounces. A future 5000 tpd sulphide operation would see the gold/silver ratio shift more into balance from a revenue standpoint. Good observation and it certainly helps revenue at present since silver price has lagged the gold price.

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